Altcoin Newsletter #283
Features analysis on Altcoins such as TAO IO ASTER LIT TIA UNI
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:
- Bittensor (TAO)
- IO.NET (IO)
- Aster (ASTER)
- Lighter (LIT)
- Celestia (TIA)
- Uniswap (UNI)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Bittensor – TAO/USDT
Bittensor has been trading within a purple macro market structure, a multi-year formation where rejections have consistently come from the very top of that channel.
On this occasion though, price couldn't even reach the top, instead developing a brand new multi-month downtrend (dotted blue diagonal), which is yet another sign of mounting weakness.
Rather than rejecting at the top of the structure, price is now rejecting even below it, from the red zone.
That is weighing on price and applying sell-side pressure onto the $183.2 (blue horizontal) region.
Reactions from this level have been getting weaker over time.
Earlier this year, price would downside wick into the blue $183 level and enjoy strong reactions to the upside; on this occasion, price is printing candle-bodies at this level and producing lesser moves to form a new multi-month downtrend instead.
Losing the blue horizontal of $183 would send price into the very bottom of the purple channel, with downside wicks below that level likely to occur.
To avoid an overall breakdown from the macro channel, Bittensor needs a Monthly Close above the blue horizontal of $183 but would need to also invalidate the blue Downtrend if that price stability is to amount to anything more substantial than just postponing a breakdown.
The diminishing rebounds from the blue level suggest the bottom of the channel is an increasing likelihood.
IO.NET – IO/USDT
IO.NET has lost its technical uptrend, with that trendline having turned into resistance a few weeks ago to confirm that the uptrend which had been building since earlier this year is now likely over.
Price rejected sharply from the blue boxed supply area and entered into a strong downtrend since.
On this pullback, the question is whether IO can successfully retest the range-bound structure it broke out from:
A successful Post-Breakout Retest of the blue horizontal at $0.11 would effectively mean that the blue supply box above has produced a weaker reaction; if that turns out to be the case and the blue horizontal of $0.11 holds, then price could revisit the blue box over time.
After all, if that supply area is producing weaker rejections, it's a matter of time before price is able to breach it and turn it into new support.
This blue horizontal at $0.11 represents the top of the accumulation range from early 2026.
Reclaiming $0.1193 with a successful Post-Breakout Retest into new support could put price back in a position to build out further within the $0.1193 to ~$0.20 range once again.
On this pullback, we'll find out how much seller strength is left in the blue box resistance zone.