Altcoin Newsletter #190
Features LINK PAAL ZK WOO SUI AR
In today’s Altcoin newsletter I cover the following Altcoins - specifically:
- Chainlink (LINK)
- Paal ai (PAAL)
- zkSync (ZK)
- Woo Network (WOO)
- Sui (SUI)
- Arweave (AR)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Chainlink - LINK/USD
In recent weeks, Chainlink has been able to successfully retest the $8.19 (black) Range High of the previous Accumulation Range as new support to fully confirm the new macro uptrend.
Since then, LINK has been in reversal mode, protecting the orange historical demand area as support and now trying to position itself for a Weekly Close above the top of the orange box.
Weekly Close just like this could precede a potential retest back into the orange area to reaffirm it as support before confirming further upside going forward, much like was occurred in mid-2020 (green circle).
Weekly Close above the orange box followed by a successful retest of it as support would precede upside back into the blue-blue range of $13.10-$16.86 over time, all in an effort to challenge the light blue downtrend dating back to early 2024 for a crucial breakout.