Altcoin Market Update

Hello and welcome back to the Rekt Capital Newsletter.

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

• Solana (SOL)
• Dogecoin (DOGE)
• Book of Meme (BOME)
• Stacks (STX)
• Sui (SUI)

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

Click the button below to leave a comment with your TA request!

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

Solana - SOL/USDT

Solana is currently performing a bullish Weekly Close above a previous crucial resistance:

In the past, SOL would reject from $202 resistance (red) but last week, SOL Weekly Closed above said resistance and is now in the process of potentially turning it into new support this week.

Successful retest would see price rally to the next major resistance at ~$250:

After all, the last time SOL Weekly Closed above the red $202 level, it rallied to $260.

SOL is now on the cusp of a successful retest of $202 into new support and so it's possible SOL will be able to springboard to revisit that final major resistance before new All Time Highs.

Dogecoin - DOGE/USDT

Historically, the red region tends to act as a resistance for DOGE.

However, for the time being, DOGE isn't struggling with it in the slightest.

In fact, if DOGE Weekly Closes above this red region, there will be a possibility for price to retest it into a new area of demand, if at all necessary.

Building a base around this red region in the future could prove a valuable springboard into the major orange levels above which represents the final resistances before DOGE tries to challenge for new All Time Highs; a feat that seems inevitable in this cycle.