Altcoin Newsletter #276
Features analysis on Altcoins such as CRO DOGE HYPE INJ LINK SOL
Welcome to the Rekt Capital Newsletter, a resource for investors who want to better navigate the crypto markets with the help of cutting-edge crypto research and unbiased market analysis.
In today’s Altcoin newsletter I cover the following Altcoins – specifically:
- Cronos (CRO)
- Dogecoin (DOGE)
- Hyperliquid (HYPE)
- Injective (INJ)
- Chainlink (LINK)
- Solana (SOL)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Cronos – CRO/USDT
This is a chart that carries a lot of history.
The red zone ($0.06906–$0.08000, red horizontal zone, macro demand region) has produced trend reversals to the upside of varying magnitudes across multiple cycles, yet in recent months price has been unable to hold within it with any consistency.
What was once a reliable demand region has since been flipped into resistance, with price now distributing within the blue-black range ($0.06906 blue horizontal, $0.04956 black horizontal).
Historically, this lower region is where Cronos has built its Bear Market bottoming formations.
That precedent is well-established across prior cycles, and there is still time for that kind of structure to develop here.
Price is currently sitting at the $0.05981, a level that could generate some form of near-term reaction.
But that reaction, if it comes, is likely to represent only the very earliest phase of a longer bottoming process.
These formations take time. The cluster has only just begun to develop, and it would be wise to allow that process to play out rather than anticipate a resolution prematurely.
Dogecoin – DOGE/USDT
As discussed in recent weeks, DOGE was expected to range before transitioning into a broader consolidation phase between the orange zone ($0.09000, orange horizontal zone, macro support) and the green zone ($0.06000, green horizontal zone, macro support below).
This is the region where price Bear Market bottomed in the previous cycle.
Price is slowly losing the orange zone, and a flip of that level into resistance would open the door to downside acceleration deeper into the orange-green range, trying to get as close as possible to the green zone below.