Altcoin Newsletter #273
Features analysis on Altcoins such as APT JUP FARTCOIN HYPE SPX VIRTUAL
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In today’s Altcoin newsletter I cover the following Altcoins – specifically:
- Aptos (APT)
- Jupiter (JUP)
- Fartcoin (FARTCOIN)
- Hyperliquid (HYPE)
- SPX6900 (SPX)
- Virtuals Protocol (VIRTUAL)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Aptos – APT/USDT
Like many altcoins on the Weekly timeframe, Aptos developed a Double Bottom formation and price has already broken out from it and confirmed that breakout.
What makes APT's situation particularly notable is the nature of that confirmation.
This was a full breakout confirmation of the Double Bottom, which opened the door to the black-to-black range between $0.990 (black horizontal, Range Low support) and $1.654 (black horizontal, Range High resistance).
Price is now pulling back into the very region that served as the top of the Double Bottom, a confluent area where old resistance and the Range Low converge.
That $0.990 level also happens to be APT's Binance listing price from several years back, adding a layer of psychological weight to the zone.
Successfully retesting the Double Bottom top and holding $0.990 as new support for the first time would enable price to begin building a broader cluster of price action within the newfound range.
The key question is whether this psychological level — previously a ceiling, now a potential floor — can establish itself as durable support going forward.
Jupiter – JUP/USDT
The fractal that has guided this analysis has been playing out with notable consistency.
Each orange cluster of price action has resolved at a Lower High relative to the one before.A repeating sequence of Double Bottoms at the base of each cluster, a rally toward the top, and then a Lower High before the next leg down.
The expectation two weeks ago was that JUP was Double Bottoming at the very base of the current cluster and would revisit the highs of that range.
That expectation began to follow through, with price building upside week over week toward the upper end of the cluster.
JUP has now followed through with that upside, eclipsing even the very top of this fractal cluster.
The question going forward is whether a Lower High develops here at the higher end of the range.
If it does, the fractal would remain intact.
That would likely take a few weeks to play out, but a confirmed Lower High at current levels would probably see price drop back into the sub $0.16 region for another bottom, consistent with what has followed each prior Lower High in this sequence.
From there, a further breakdown and another base would follow, continuing the pattern.
JUP has been following this fractal successfully thus far.
Whether that continues — and whether a Lower High materialises around these current levels — remains to be seen.