Altcoin Market Update #146

Hello and welcome back to the Rekt Capital Newsletter

In today’s edition, the following cryptocurrencies will be analysed & discussed:

• Jupiter (JUP)
• Chainlink (LINK)
• Litecoin (LTC)
• NEAR Protocol (NEAR)
• Solana (SOL)
• Worldcoin (WLD)

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

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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.

Jupiter – JUP/USDT

JUP is following the fractal quite nicely.

The Double Bottoms at the base of the structure have already formed, marked by the purple curved annotations on the chart. 

A rejection from the blue trendline (blue diagonal, Macro Lower High) has also followed through, consistent with the historical pattern.

What comes next, based on how this fractal has played out previously, is another Lower High developing. 

The orange boxes on the chart illustrate that this process has historically taken a good few weeks to complete - the Lower High does not form overnight.

Once that Lower High is established, the expectation is for price to distribute deeper into the current orange zone below, echoing what played out at each prior stage of this fractal.

For now, JUP is in that red-boxed phase of deciding where the Lower High will form.

Chainlink – LINK/USDT

LINK has been generating diminishing rallies from the $8.525 (black horizontal, macro support) region and the pattern tells a clear story.

That level prompted +543.47% upside in 2020.

Then +276.99% in late 2024.

And most recently, just +33.28% before price rejected from the orange zone above.

Each rally smaller than the last.

That orange zone has now been resisting price for three months, steadily weighing down on any recovery attempt. 

The result is that LINK is being forced to resynchronize with its prior 2022 Bear Market accumulation range (black-black; $5.57-$8.18).

The key question is whether $8.18 can be retested on strong volume and produce a meaningful rally. 

If that retest continues to fail to generate conviction, a breakdown and resynchronization with the black-black range becomes the more likely path.

Given the pattern of diminishing returns from $8.18, that resynchronization is probably where LINK is headed over time.