In today’s Altcoin newsletter, I cover 7 different Altcoins, specifically:
- Dogecoin (DOGE)
- Icon (ICX)
- Fantom (FTM)
- Polygon (MATIC)
- Ripple (XRP)
- Hifi Finance (HIFI)
- Alchemy Pay (ACH)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Dogecoin - DOGE/USDT
Earlier this August I shared this DOGE chart on Twitter/X:
Fast forward a few months and finally - here we are:
DOGE has experienced downside for multiple weeks now, ever since rejecting at the Channel Top.
During the retrace, DOGE revisited the Channel Bottom, successfully found support there, but price hasn't generated too much upside since then.
Currently, DOGE is forming a Lower Low on price and a Higher Low on the RSI, which means a new Bullish Divergence may be in the process of developing here.
As long as DOGE maintains the Channel Bottom as support as it has done thus far, this Bull Div may very well play out and enable price to revisit the Channel Top over time.
Macro-wise, DOGE is consolidating inside this Channel until further notice.