Altcoin Newsletter #213
Features POPCAT XNO AERO SOL JUP AUCTION
***Announcement***
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Welcome to the Rekt Capital Newsletter, a resource for investors who want to better navigate the crypto markets with the help of cutting-edge crypto research and unbiased market analysis.
In today’s Altcoin newsletter I cover the following Altcoins - specifically:
- Popcat (POPCAT)
- Nano (XNO)
- Aerodrome Finance (AERO)
- Solana (SOL)
- Jupiter (JUP)
- Bounce Token (AUCTION)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Popcat - POPCAT/USDT
POPCAT has seen a recovery in recent weeks after rebounding from its Weekly support at ~$0.16 (black).
Now, price is rallying to the top of its current range to soon revisit $0.39 (black).
This Range High is a confluent resistance with the Weekly Downtrend that has developed on this retrace.
For POPCAT to breakout from this range and also break the blue Downtrend, price would need to Weekly Close above this confluent resistance, in a similar fashion to what it has done in the past:
Historically, Weekly Closes followed by successful retests of the $0.39 level have preceded upside.
And POPCAT will need to do the same to continue to build on this newfound momentum, otherwise price risks rejection from this confluent Range High resistance which would sentence POPCAT to additional consolidation within the black-black range.
Nano - XNO/USD
For several months now, XNO has been building this triangular market structure (black).
XNO would need a Monthly Close above this black diagonal resistance to position itself for a potential post-breakout retest to confirm trend continuation into the red region of resistance above.
In the absence of a such a key Monthly Close, this recent advance could end up as an upside wick, like it did last month and even the month before that.
The Monthly Close above resistance is needed for XNO to demonstrate it is ready to leave this year-long consolidation within the black triangle and breakout to challenge the red resistance area again.