Altcoin Newsletter #253
Features analysis on Altcoins such as SPX VIRTUAL BCH AVAX SOL XRP
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:
- SPX6900 (SPX)
- Virtual Protocol (VIRTUAL)
- Bitcoin Cash (BCH)
- Avalanche (AVAX)
- Solana (SOL)
- Ripple (XRP)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
SPX – SPX/USDT
As a preface to today's newsletter edition on SPX, here's our analysis from earlier this month:
After losing the $1 level (blue) earlier this month, SPX shifted that area into potential resistance, initiating a move across the full 50-cent range toward the major support at $0.5244 (black).
In the previous analysis, the green region was highlighted as the crucial midpoint of the entire structure, a zone that had acted as Re-Accumulation, short-term supply, and even a failed retest multiple times.
Losing it increased the probability of a revisit into the lower half of the range, especially toward $0.50.
Historically, $0.5244 produces extended downside wicks and localised consolidation, confirming it as a major psychological boundary.
The expectation then was simple:
- Hold $0.5244 → preserve the upper half of the range
- Fail $0.5244 → deeper deviation toward $0.2159 (black)
At that time, SPX was moving across the full band, and the next reaction from $0.52 was expected to define the next phase of the range.
Since then, SPX has reacted precisely from the $0.50 region, which historically marks where upside reversals tend to begin.
But that rebound has driven price straight back into the same green region, which is once again acting as resistance.
This behaviour is structurally critical: price is repeatedly testing this area from the underside, forming clean bearish retests.
It replicates the broader trend:
Rejection from $1.50 → rejection from $1 → rejection at green → breakdown into $0.50.
Unless this sequence breaks, the current rally risks becoming a post-breakdown relief bounce, not a trend reversal.
Failure here could rotate SPX back into the lower portion of the range.
Even a Weekly Close above the green region is not enough by itself.
A failed post-breakout retest would still send price lower.
Only a Weekly Close above the green region, followed by a successful retest turning it into support, would reopen the pathway toward $1.
Until that reclaim-and-retest occurs, SPX remains in a trend of lower highs, with former supports becoming new resistance.
The reversal key is simple:
SPX must build a re-accumulation structure around the green region.
Without it, downside risk persists and the bounce from $0.50 remains corrective rather than constructive.
Virtuals Protocol – VIRTUAL/USDT
Virtual has collapsed back into its broader range after losing the $1.10 level (purple) as support.
The Weekly Close below $1.10 introduced clear bearish-retesting intent, and price is now attempting to turn this level into new resistance from the underside.
If this rejection continues, Virtual will remain confined inside the purple-to-purple range.
The next key focus is whether Virtual can form a Higher Low relative to the $0.7810 range low (purple), which is the structural floor of the entire consolidation.
A possible Higher Low has begun to form, but the structure remains incomplete because the market is still deciding whether $1.10 will confirm as resistance.
If Virtual rejects cleanly from the range high, the next downside move will determine whether a true Higher Low forms.
Until that reaction unfolds, the Higher Low is premature to classify.
For now, Virtual is simply operating inside its established range.
The key questions are whether a consolidation cluster can develop here and if $1.10 confirms as resistance, whether price can still form a meaningful Higher Low.
If that Higher Low develops after rejection, Virtual would be consolidating at a structurally higher point than before, a setup that could evolve into future Re-Accumulation. But until $1.10 is resolved, the structure remains in flux.