Altcoin Market Update - Memecoin Edition

Hello and welcome back to the Rekt Capital Newsletter.

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

• Dogecoin (DOGE)
• Popcat (POPCAT)
• Book of Meme (BOME)
• Bonk (BONK)
• Dogwifhat (WIF)

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.

Dogecoin - DOGE/USDT

At this point in the time, the only level that matters right now for DOGE is the $0.37 level (red).

A Weekly Close above here followed by a retest would essentially flip an old resistance into new support to then enable a revisit of the old major All Time Highs $0.56 resistance in the future.

DOGE is trying to break into the final re-accumulation range before new All Time Highs and it all starts with a Weekly Close above $0.37.

Popcat - POPCAT/USDT

POPCAT is located within this black macro wedging structure, hovering underneath the major resistance.

Still rejecting from this resistance, POPCAT is still trying to maintain stability here.

Of course, a Weekly Close above the top trendline would mark a major trend shift for POPCAT as price would finally breakout from its major pattern.

Until then, there is scope for dipping into the previous major old All Time High resistance from a few weeks back at $1.57 (black).

Essentially, this level is the top of the previous re-accumulation range and turning it into new support would effectively confirm the breakout from the re-accumulation range, enabling a better chance at challenging that final top trendline at a very real chance at a breakout into macro uptrend continuation.