Altcoin Market Update

Hello and welcome back to the Rekt Capital Newsletter.

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

• Bittensor (TAO)
• Clearpool (CPOOL)
• Ondo (ONDO)
• Fartcoin (FARTCOIN)
• Nano (XNO)
• Ripple (XRP)
• Stellar (XLM)
• 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:

TAO has followed the fractal to completion and if the fractal continues to be followed-through on, then price has a chance of revisiting the Range High resistance of $350 over time.

In 2024, TAO spent a good few weeks rebounding from $217 to $350 and rejecting from $350 back down to $217.

As long as TAO can hold $217 as support then this $217-$350 will be secured which could bring about consolidation between these two key levels.

Clearpool - CPOOL/USDT

After performing a fake-breakout beyond the $0.32 Range High resistance (black) by failing its post-breakout retest, CPOOL has since dropped right back into the Range Low of its $0.11-$0.32 Macro Range (black-black).

The Range Low continues to support price and so the latest rebound showcases that the range continues to remain alive and well and additional consolidation here has been secured.

Going forward, CPOOL needs to simply continue to remain above $0.11 to enable a potential revisit of the $0.32 Range High resistance over time.