Altcoin Newsletter #257
Features analysis on Altcoins such as PEPE PENGU SUI CRO SHIB INJ
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:
- Pepe (PEPE)
- Pudgy Penguins (PENGU)
- Sui (SUI)
- Crypto Com (CRO)
- Shiba Inu (SHIB)
- Injective (INJ)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Pepe – PEPE/USDT
A few months ago, PEPE broke down from the red region of support and produced downside (albeit via a downside wick) to as low as the light blue level below.
Price has since recovered to the upside but is treating this red region of old support into potential new resistance.
PEPE will need to produce a Monthly Close above the red area to assuage bearish bias here, as such a Monthly Close would put PEPE in a position to invalidate the series of Lower Highs it has been printing since mid-2025.
Pudgy Penguins – PENGU/USDT
Last month, we spoke about how PENGU was inside a macro blue-blue range and that the Range Low needed to hold for a range-bound move from Range Low to Range High:
Since then, price has been able to rebound from the Range Low in dramatic fashion:
Still however, back in the previous update we mentioned how this Range Low level still needed to be observed for weakness, and this current reaction will inform whether the Range Low is weakening as a region of support.
For the time being however, the range continues to hold and if on this current dip PENGU is able to hold the November highs as support, then PENGU would treat them as the Mid-Range of this Range and could try for another move towards the Range High.
Keeping the Mid-Range as support would effectively mean that PENGU will try to occupy the upper portion of this Weekly Range to consolidate there.