Altcoin Market Update #119

Hello and welcome back to the Rekt Capital Newsletter

In today’s edition, the following cryptocurrencies will be analysed & discussed:

• Ethereum (ETH)
• Dogecoin (DOGE)
• Cronos (CRO)
• Sui (SUI)
• Solana (SOL)

But before we dive in, this Friday I’ll chart your Altcoin picks in an exclusive subscriber-only TA newsletter and will cover as many as I can

So if you’d like to have an Altcoin charted, feel free to share max. two TA requests each in the comments below.

I’ll chart the Altcoins that get mentioned and ‘Liked’ the most

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Let's dive in to today's Altcoin Market Update.

Ethereum – ETH/USD

Last week, we spoke about how ETH/USD losing its Weekly CME Gap as support could open the doors to a revisit of the Macro Range Low area of its current Macro Range between $3.7k-$4.6k:

Here's today's update:

Ethereum indeed dipped deeply, almost into the very bottom of the Macro Range of ~$3700 before springing back up to the point that price is potentially even developing a Monthly Bull Flag within this Macro Range as we speak:

To continue building out this Bull Flag however, price needs to reclaim $4.2k as support after Monthly Closing below it:

The blue $4.2k level represents the mid-point of the Macro Range and Monthly Closing below it technically means price is positioning for a bearish retest, even though for the moment price is hovering back above said level.

But even though the Monthly Close wasn't very appealing, price just needs to Weekly Close above the $4.2k mid-range to turn it all around:

Back in late 2021, Weekly Closing above blue and post-breakout retesting it into support enabled upside into $4.6k and the same technical sequence took place in early July as well; if ETH can soon Weekly Close above blue and retest it back into support, then there's a good chance for a revisit to $4.6k being on the cards in the future.

Dogecoin – DOGE/USDT

Dogecoin has successfully Monthly Closed above its Pre-Halving highs of $0.22 which is a crucially pivotal technical milestone.

For all of 2025, these Pre-Halving highs (black) has resisted price, constantly rejecting them, price often upside wicking beyond said level but never being able to successfully position itself above the $0.22 level - until now.

With this latest Monthly Close, DOGE has successfully broken these Pre-Halving resistance and may now look to turn it into new support, if at all necessary.

If we look to late 2024's breakout move, DOGE didn't need to turn the $0.22 level into new support; it just broke it as resistance and rallied without a post-breakout retest.

Thus it would be reasonable for any dips into $0.22 to be considered as a pivotal post-breakout retest attempt to confirm the Pre-Halving highs finally as the Post-Halving lows in an effort to further confirm trend continuation towards the more immediate resistances ahead: ~$0.27 and later $0.33.