Altcoin Market Update

Hello and welcome back to the Rekt Capital Newsletter.

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

• Render (RENDER)
• Ondo (ONDO)
• Pendle (PENDLE)
• Popcat (POPCAT)
• Fantom (FTM)
• Hedera Hashgraph (HBAR)

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.

Render - RENDER/USDT

RENDER is on the cusp of repeating history.

Because the last time RENDER Weekly Closed above the black $7.31 level and subsequently retested it as support, price rallied to new All Time Highs.

RENDER has enjoyed a Weekly Close above the black level and is now in the process of a retest attempt which is successful thus far.

Continued stability here would enable price to rally higher.

Any extreme volatility around these current levels would see history repeat itself via long downside wicks (green circles at the red region) and such downside wicks have represented bargain opportunities in the past.

Ondo - ONDO/USDT

ONDO is very similar to RENDER in the sense that price has Weekly Close above an old resistance (light blue, $0.97) and is now in the process of turning it into new support.

A successful retest here would confirm ONDO's return to the light blue to red range (i.e. $0.97-$1.20).

As a result, hammering out a base at the light blue Range Low would see price appreciate to the upside to revisit the Range High resistance above over time.

Should that indeed occur in the future, ONDO will then look to Weekly Close above the $1.20 (red) level to turn it into support so as to break into a challenge of old All Time Highs.