Altcoin Newsletter #239
Features APT DOGE INJ CRV SOL
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:
- Aptos (APT)
- Dogecoin (DOGE)
- Injective (INJ)
- Curve DAO (CRV)
- Solana (SOL)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Aptos – APT/USDT
On the Monthly timeframe, Aptos has been consolidating inside a Macro Range for quite some time. The Macro Range High is at $6.39 (blue level), and the Macro Range Kow is at $5.45 (black line).
Earlier this year, however, price deviated below this range and has since been turning the Macro Range Low of $5.45 into resistance.
On the Weekly timeframe, price has been moving inside a downtrending channel of Lower Highs and Lower Lows. This Blue Channel could be classified as a Falling Wedge.
A confirmed breakout would require a Weekly Close above the structure followed by a successful post-breakout retest.
While a Weekly Close above the pattern has occurred before, the retest failed, sending price back into the channel. Most recently, price rejected from the channel top once again.
For Aptos to end this downtrend, a Weekly Close followed by a successful retest would be needed to confirm a breakout.
This would allow Aptos to resynchronise with the Macro Range Low of $5.45 to turn it into support, and resynchronise overall with the Macro Range.
Dogecoin – DOGE/USDT
Dogecoin has been ranging inside a relatively narrower environment between $0.16 and $0.22.
In recent months, price has repeatedly retested the Range Low, which also coincides with the Multi-Year Technical Uptrend line. Each downside wick into this trendline has reinforced it as support.
On the upside, the Pre-Halving Highs continue to act as resistance. For many months, Dogecoin has remained range-bound between this resistance and the confluent support at $0.16.
Going forward, the key development to watch is whether DOGE can achieve a Monthly Close above $0.22 and turn it into support.
Such a breakout would allow price to transition into the $0.22–$0.27 Range, with potential upside wicks extending towards $0.33.
Historically, breakouts beyond $0.22 have fuelled strong trends.
And unlike prior Pre-Halving rejections that led to deep retraces, recent price action has shown limited pullback.
In fact, any weakness has largely resulted in retests of the Multi-Year Higher Low trendline, strengthening it as new support.