Altcoin Market Update #142
Features analysis on Altcoins such as ZEC XMR AERO ALGO DOGE WIF
Hello and welcome back to the Rekt Capital Newsletter
In today’s edition, the following cryptocurrencies will be analysed & discussed:
- Zcash (ZEC)
- Monero (XMR)
- Aerodrome Finance (AERO)
- Algorand (ALGO)
- Dogecoin (DOGE)
- dogwifhat (WIF)
But before we dive in, this Friday I’ll chart your Altcoin picks in an exclusive subscriber-only TA newsletter and will cover as many as I can
So if you’d like to have an Altcoin charted, feel free to share max. two TA requests each in the comments below.
I’ll chart the Altcoins that get mentioned and ‘Liked’ the most
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Let's dive in to today's Altcoin Market Update.
Zcash – ZEC/USDT
In late April, Zcash was discussed in the context of breaking its multi-month black downtrend trendline (black diagonal) and developing a Bull Flag around the key level of $337.027 (black horizontal).
That Bull Flag breakout has now taken place. Price has broken out of that structure and is pushing higher, with the downtrend trendline now cleared.
The focus shifts to what comes next.
The immediate requirement is a successful retest of $528.951 (orange horizontal) as support. If that holds, the path toward $695.487 (orange horizontal, overhead resistance) opens up.
But $695.487 is where the first meaningful test of this rally will take place.
In the 2025 sequence, price was unable to break beyond that level and ultimately failed to hold $528.951 on the subsequent pullback, breaking down from both levels rather than sustaining its position.
That historical precedent is worth keeping in mind.
For this move to prove different, ZEC needs more than a retest of $528.951.
It needs to breach the $700 psychological mark convincingly and maintain its positioning at these elevated levels.
A rejection from $695.487 that is then followed by a breakdown below $528.951 would repeat the 2025 outcome.
The two key reaction zones are clear: $528.951 as the support that must hold, and $695.487 as the resistance that must eventually give way.
Whether this time is different — now that the downtrend has been broken and the Bull Flag has resolved to the upside — remains to be seen.
Monero – XMR/USDT
Privacy coins are among the stronger performers in the current altcoin market, and Monero reflects that.
XMR has broken out of a Double Bottom formation and is now positioned for a potential reclaim of the previous All Time Highs at $422.09 (red horizontal).
The breakout from the Double Bottom did not produce a picture-perfect Post-Breakout Retest, price continued higher without that confirmation.
That isn't necessarily a flaw. As seen with other altcoins in this cycle, a sufficiently strong trend doesn't always require that retest to validate the move.
The immediate focus is a Weekly Close above $422.09. If that materialises, XMR could mirror the sequence from late 2025, where price attempted to reclaim that same level as support before pushing higher.
A retest of $422.09 as new support could follow in the week or two after such a close, if 2025 history is any guide.
But clearing $422.09 alone doesn't resolve the bigger structural question. The December highs around $460.75 (visible overhead on the chart) would need to be cleared to open the path toward the $500s.
Failing to clear that zone — or rejecting from somewhere in that region — could produce the first macro Lower High for XMR, a meaningful structural development given where altcoins sit in the current cycle.
The risk is real: even a move that looks bullish right now could still resolve as a Lower High if it falls short of the December highs.
That outcome would be the first warning sign of a broader structural shift.
Zooming out to the Monthly timeframe, the same levels take on additional weight.
A Monthly Close above $422.09, followed by a retest in the manner seen in 2025, would build further momentum toward the upside.
The primary focus remains the Weekly, however, as that is the timeframe where the key confirmations need to materialise first.