Altcoin Newsletter #243
Features analysis on Altcoins such as TAO ONDO NEAR HBAR PENGU
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:
- Pudgy Penguins (PENGU)
- Hedera Hashgraph (HBAR)
- Bittensor (TAO)
- Ondo (ONDO)
- NEAR Protocol (NEAR)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Hedera Hashgraph – HBAR/USDT
HBAR continues to echo its 2021 behaviour, though in a more prolonged fashion this cycle.
What was previously a V-Shaped Reversal (orange circle in 2021)has instead evolved into a larger Macro Double Bottom (orange circle in 2025).
The phases are effectively taking more time, but they are repeating 2021 tendencies overall.
And so this current green-circled retest will also be extended.
That lengthier retesting process makes sense, as phases that previously resolved week-to-week are now stretching across longer timeframes.
Given this, the current post-breakout retest could also take more time to fully play out, particularly within this dense cluster of price action:
The most important development is the Monthly Bull Flag now in play.
For this structure to remain intact, HBAR needs to hold the red region as support, which would enable a continuation along the blue pathway toward the Lower High for a potential breakout attempt.
Stability above the red region is what will preserve the bull flag’s durability.
That stability would open the door for HBAR to potentially repeat its 2021 historical tendencies, where consolidation resolved into sustained upside.
At the same time, it is worth noting that PENGU may even be a leading indicator for HBAR here, as both charts share comparable consolidation dynamics.
Observing PENGU's behaviour could therefore offer early insight into how HBAR’s bull flag structure might resolve.
Pudgy Penguins – PENGU/USDT
Pengu, much like HBAR, is developing a Monthly Bull Flag and is now attempting to break out from it.
In late 2025, price previously rejected from the final major Monthly resistance at $0.0441 (red), leading to a significant retrace.
This time, however, the retrace has been much shallower, and price is pressing against the Bull Flag top once again.
The Monthly level around $0.033 (blue) is beginning to weaken, suggesting that resistance is gradually losing strength.
The key question now is whether PENGU can confirm this Bull Flag breakout.
Monthly Close and sustained retest above $0.033 would position price for an eventual attempt at new All Time Highs.
In the meantime, PENGU is also retesting the Bull Flag top on the Weekly timeframe:
PENGU broke its multi-week Downtrend (light blue) and is turning it into new support; this support is confluent with the Bull Flag top and retesting this confluent area would enable a move to revisit the red resistance above.