Altcoin Newsletter #268

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:

• Ethereum (ETH)
• Avalanche (AVAX)
• Chainlink (LINK)
• Bittensor (TAO)
• UniSwap (UNI)
• Render (RENDER)

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

Let’s dive in...

Ethereum – ETH/USD

Earlier this month, we looked at Etheneum's price action relative to its multi-year Uptrend.

Here is what we covered:

Here is today's update:

That Monthly Close below the Uptrend from February technically set price up for the beginning of the breakdown process and what is incredible is that price is technically treating the Uptrend as resistance following the latest rejection from the green region of resistance.

In fact, the latest rejection from the green area resembles the breakdown sequence from early 2025 (red circle) where price lost the green area as support then turned it into new resistance.

The same appears to be taking place again; more, this rejection from the green resistance has been so strong that it is threatening to lose the Uptrend as support.

A Monthly Close below the Uptrend just like this could confirm it into new resistance and could enable additional downside, confirming an end to the multi-year Uptrend overall.

Avalanche – AVAX/USDT

Here is the analysis on AVAX from earlier this month:

Here is today's analysis:

That marginal Monthly Close below the $9.20 level positioned price for a loss of this level to potentially flip it into new resistance and now indeed that level is acting as a point of rejection.

Earlier this month we spoke about how this region generally wouldn't in all likelihood contain a lot of buy-side liquidity and if AVAX Monthly Closes beneath the $9.20 level, then that would be a technical confirmation of buyers lacking here.

More, the fact that the lows of the liquidation wick from Q4 2025 was almost fully revisited last month but didn't prompt much buy-side reaction just shows that the very liquidity pool that wick tapped into in of itself is weakening as an area of demand.

If AVAX indeed flips this $9.20 level into resistance, that would represent a ceiling that would weigh down on price to force it back into that liquidation pool of liquidity for another lacklustre reaction until eventual breakdown over time.