Altcoin Newsletter #263

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:

• Aster (ASTER)
• Aptos (APT)
• Kaspa (KAS)
• Velo (VELO)
• Render (RENDER)
• Aave (AAVE)

These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.

Let’s dive in...

Aster – ASTER/USDT

Aster has returned to its listing price support and is once again attempting to stabilise at this region.

Price dropped into the $0.6635 (black horizontal, Range Low) level, rebounded briefly, deviated below it, and is now trying to reclaim that support to position itself back within the $0.6635–$0.7774 (black-to-blue range) structure.

This $0.6635 region is therefore critical, as Aster needs to reclaim and secure this Range Low as support in order to remain positioned within the broader range.

However, it will be equally important to monitor whether a Lower High continues to form beneath $0.7774 (blue horizontal, Range High).

If that Lower High resistance persists, then price will struggle to print progressively higher levels within the range, likely resulting in only a weak rebound from the Range Low.

In that scenario, the prevailing downtrend could weigh on price and force another breakdown attempt.

Should such a breakdown occur, attention would shift to whether price forms a Higher Low relative to the early February lows.

For now, the priority is protecting the $0.6635 Range Low and attempting to develop consolidation within this range structure.

Aptos – APT/USDT

Aptos is once again interacting with its listing price, and listing prices historically act like magnets, in the sense that price tends to mean revert toward them over time.

We often see deviation above the listing level, followed by mean reversion back into it, and then sometimes deviation below it, which is the scenario Aptos now potentially faces if it cannot reclaim the psychological $1.00 (black horizontal) level.

For Aptos to continue maintaining the $1.00–$1.654 (black-to-black range), we need to see a Monthly Close above $1.00.

Without that Monthly Close reclaim, the risk is that $1.00 transitions from support into resistance, either in the next month or shortly thereafter, depending on how quickly price develops.

We have already tapped $0.742 (orange horizontal) for the first time, a level that was discovered during the largest liquidation event in crypto history just a few months ago.

If $1.00 fails to be reclaimed on a Monthly Closing basis, then that level likely flips into resistance and price would be positioned to revisit $0.742.

And structurally, it does not look like we would find too much sustainable stability at $0.742 if that scenario unfolds.

So for Aptos to stave off further downside and prevent downside acceleration, it really needs to secure a Monthly Close above $1.00 and protect this broader range.

Only then could we potentially see some range-bound construction develop before any macro continuation to the downside resumes.