Altcoin Newsletter #282

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)
• Solana (SOL)
• Hyperliquid (HYPE)
• ChainLink (LINK)
• Degen (DEGEN)
• Worldcoin (WLD)

These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.

Let’s dive in...

Dogecoin – DOGE/USDT

Dogecoin has turned the 2026 lows (blue region) into new resistance this month, following a bearish Monthly Close below that area this past June. 

This fits a longer pattern: mid-2024 served as a pool of liquidity at the same blue level, early 2024 saw Re-Accumulation there, and throughout 2023 the region produced repeated rejection as resistance. 

Even further back, in the bear market four years ago, that same blue area was treated the same way, putting the current cycle right on track with that prior milestone.

Continued rejection at the blue region prepares price to drop deeper into the green to blue range, the historical home of the only macro accumulation range seen in the prior cycle.

Dogecoin looks set to revisit the green area over time, building out a prolonged cluster of price action between the two, with blue functioning as the new Range High and green as the Range Low.

This bearish picture is not just confined to the Monthly timeframe however:

Dogecoin is also developing a Solana-esque sideways channel, with price Weekly Closing below double week support before upside wicking into the very bottom of that channel this week. 

Both timeframes point the same way, toward further breakdown to revisit the depths of the macro range over time.

Solana – SOL/USDT

Solana, much like DOGE discussed above, developed a multi-month sideways channel before breaking down from it.

And multi-month support has since turned into new resistance, most recently:

This isn't a deviation from 2022 tendencies.

Turning $123.28 (black) and $99.06 (blue) into new resistance is consistent with what played out back in the previous bear market, and both levels have now flipped the same way in this cycle as well:

So Solana is following its historical analog quite closely.

In the 2022 cycle however, price broke down comfortably below $67.81 (blue) from a similar setup.

This time, support has shown up here for what looks like the first time, which is largely owed to the fact that SOL found initial resistance at this very same level back in late 2023 via an upside wick on the Monthly timeframe.

Of course, some upside intent toward this region appeared back in 2021, but a clean, picture-perfect rejection from this level only happened in late 2023 which makes sense why price is showcasing at least some support from here for the moment, though a break down from here still looks likely over time.

Excluding the inorganic wick as an outlier, Solana has been turning every prior support into new resistance at each juncture, forming a consistent sequence of Lower Highs. 

$67.81 could become the next level to flip into resistance as that Lower High sequence continues.

For now, the macro picture points to additional downside in the mid-term, even if a short-term relief rally develops first, likely only building new macro Lower Highs before the downside resumes.