Altcoin Newsletter #278
Features analysis on Altcoins such as DOGE NEAR PEPE SOL SUI XMR
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:
- Dogecoin (DOGE)
- NEAR Protocol (NEAR)
- Pepe (PEPE)
- Solana (SOL)
- SUI (SUI)
- Monero (XMR)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Dogecoin – DOGE/USDT
DOGE has been consolidating between the orange range low and the red range high (red horizontal zone, macro resistance), but price has now rejected from the red zone and is losing the orange region.
The contrast with prior cycles is telling.
The 2024 rally from the orange area produced meaningful upside.
The 2026 attempt has been a far cry from that, with the orange zone progressively weakening as support and price now slipping beneath it.
On the Weekly, the orange area is already beginning to flip from support into resistance, with early signs of that transition visible now.
If June closes with a Monthly Close below the orange zone, July could then see a Post-Breakout Retest of the orange area as new resistance before additional downside follows.
That would represent trend continuation into the relatively wide range between the orange zone as a new Range High and the green range low beneath it.
This entire process may play out on the Weekly before the Monthly confirms it.
But if the Monthly Close in June is the final trigger, the bearish retest could extend into July before the breakdown continues.
The key question is whether price can hold around current levels into month-end, and whether the Weekly or the Monthly delivers the more decisive verdict.
NEAR Protocol – NEAR/USDT
NEAR is attempting to retest the green zone as new support on the Weekly timeframe, mirroring the consolidation seen in early 2021.
The comparison has a key distinction though. That 2021 period (first green circle) showed sideways ranging with evident Re-Accumulation, whereas the current setup is developing Lower Highs.
Visible not only in candle bodies but in the upside wicks as well.
Sellers are stepping in at progressively lower prices from week to week.
Continued stability within the green zone is essential to invalidate that emerging bearish bias.
If price loses it, the Lower Highs will continue to weigh down on price, and a tumble toward the green diagonal uptrend trendline below becomes the more likely destination.