Altcoin Newsletter #80
My exclusive commentary on 8 Altcoins
![Altcoin Newsletter #80](/content/images/size/w1200/image/fetch/w_1200,h_600,c_fill,f_jpg,q_auto:good,fl_progressive:steep,g_auto/https-3a-2f-2fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com-2fpublic-2fimages-2fb79e5285-3116-44e1-a721-bbf51004252d_1800x1264.jpg)
Welcome to the Rekt Capital newsletter, a resource for people who want to better navigate the crypto markets with the help of cutting-edge crypto research and unbiased market analysis.
Every Friday, I host an Altcoin TA session where I share my exclusive commentary on the price action of a wide variety of coins.
I share charts on 8 coins today.
In today’s Altcoin newsletter, I cover 8 different Altcoins, specifically:
- Ethereum (ETH/USD)
- Solana (SOL/USDT)
- VeChain (VET/USDT)
- Cardano (ADA/USD)
- Polkadot (DOT/USDT)
- Cosmos (ATOM/USDT)
- Fantom (FTM/USDT)
- Coti (COTI/USDT)
Ethereum - ETH/USD
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ETH is struggling at support here, mustering very little reaction now compared to mid-2021.
Technically, yes, a relief rally into the ~$2269 is possible.
But if this reaction here at ~$1720 continues to remain this weak, ETH may very well forgo a relief rally scenario and simply breakdown sooner into the blue or even orange levels.
Solana - SOL/USDT
![](https://newsletter.rektcapital.co/content/images/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https-3a-2f-2fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com-2fpublic-2fimages-2f87fcdafc-17bb-4e9f-b191-a3df4e6bfd24_1800x1264.png)
Solana is entering a historical demand area, where multi-month consolidation took place.
SOL should be able to find some support here at least over the coming weeks.