Altcoin Market Update #144
Features analysis on Altcoins such as SUI ZEC SOL HYPE JUP CRO
Hello and welcome back to the Rekt Capital Newsletter
***IMPORTANT ANNOUNCEMENT***
The new home for all Rekt Capital Newsletter content is now at https://newsletter.rektcapital.co.uk and our website is now at https://rektcapital.co.uk.
Please bookmark these two websites.
You will still receive newsletters as normal - straight into your inbox, three times a week but if you’d like to access the newsletters online please visit our new website https://newsletter.rektcapital.co.uk
In today’s edition, the following cryptocurrencies will be analysed & discussed:
- Sui (SUI)
- Zcash (ZEC)
- Solana (SOL)
- Hyperliquid (HYPE)
- Jupiter (JUP)
- Cronos (CRO)
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
Click the button below to leave a comment with your TA request!
Let's dive in to today's Altcoin Market Update.
Sui – SUI/USDT
Sui developed a multi-month Double Bottom formation in and around the psychological level of $1 (orange box) and broke out from it two weeks ago.
Price rallied into the immediate blue resistance of $1.36, rejecting from there to force a post-breakout retest of the top of the pattern.
The retest is now in progress and if successful, price would fully confirm the breakout to enable trend continuation over time.
Price stability here is important and a Weekly Close above the black Double Bottom formation top would increase the chances of a successful retest taking place.
In terms of fundamentals on the other, SUI will launch confidential transactions this year, offering private payments at scale.
Zcash – ZEC/USDT
Zcash needed a Weekly Close above the late 2025 highs, the same highs that briefly turned into support but failed to hold sustainably.
This is the first opportunity to see whether ZEC can hold these levels in a durable way, and so far the early signs are constructive.
Price is showing initial Bull Flag tendencies similar to what developed a few weeks prior, with positive pressure building at $528.951 (orange horizontal, macro resistance now being retested as support).
Holding here would go against the grain of that prior failed retest and signal a genuine shift in market dynamics, that buyers are willing to accumulate at this level.
Building out a base at $528.951 matters beyond the level itself.
Each rally toward $695.487 (orange horizontal, Range High resistance) that produces only a shallow rejection would progressively signal that the $700 psychological region is weakening.
That weakening, over time, could open the path to Price Discovery.
Price stability here is the immediate priority.
Should this consolidation eclipse the length of the late 2025 base, it would confirm that market dynamics have shifted and the eventual test of $695.487 would arrive with that resistance meaningfully eroded.
On the Monthly timeframe, the key trigger is a Monthly Close above $514.286 (orange horizontal, three-month resistance zone spanning late 2025 into early 2026).
Three months of rejection from that region make it a meaningful ceiling.
A Monthly Close above it, followed by a successful retest as new support, would be a compelling setup.
One that could guide Zcash toward new All Time Highs over time.