Altcoin Newsletter #161
Features SOL OP SAND ADA ETHUSD ETHBTC ASTR ROSE
In today’s Altcoin newsletter I cover the following Altcoins, specifically:
- Solana (SOL)
- Optimism (OP)
- The Sandbox (SAND)
- Cardano (ADA)
- Ethereum (ETHUSD & ETH/BTC)
- Astar Network (ASTR)
- Oasis Protocol (ROSE)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Solana - SOL/USD
Earlier this month, I shared the following tweet on Solana:
Here's today's update:
Solana has rallied +15% to the upside, following the orange path perfectly thus far.
The $98.98 level lays ahead and it's possible SOL will go on to revisit that level.
At that stage, the orange path will have fully completed and I'd simply wait for confirmation; would SOL be able to Weekly Close above the black $98.98 level or would it once again reject back into the green area?
Part of why I'd look for a Weekly Close above the black $98.98 level for confirmation of further upside is because a such a 1W Close would invalidate the series of Lower Highs that SOL has been printing in its upside wicks since its local top.