Altcoin Market Update
Features analysis on Altcoins such as TAO APT KAS THETA PYTH XMR
Hello and welcome back to the Rekt Capital Newsletter.
In today’s edition, the following cryptocurrencies will be analysed & discussed:
- Bittensor (TAO)
- Aptos (APT)
- Kaspa (KAS)
- Theta Token (THETA)
- Pyth Network (PYTH)
- Monero (XMR)
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.
Bittensor - TAO/USDT
A few weeks ago, I presented a fractal on TAO:
And here's today's update:
The fractal is slowly playing out, with price losing the Ascending Triangle, losing its technical uptrend (orange) and failing the $350 black level as support.
According to TA principles, technically a Weekly Close like this could still however see price try to rebound back into the black $350 level for a reclaim attempt but there would also be potential for a bearish retest.
However, the fractal itself suggests that a Weekly Close below the $350 level could simply see price continue to drop within the light blue area.
Which will it be - will TA principles take precendee or the fractal which has been perfectly on point thus far?
Aptos - APT/USDT
APT has been able to preserve its Monthly Range Low by rebounding strongly from it last month and producing a Monthly Close above.
More, this month APT continues to rebound from this Monthly Range Low, even forming a Higher Low relative to last month's downside wick.
APT is showcasing price-strength confirmation at these lows and continued stability here would position price for a reversal to revisit the blue highs over time.