Altcoin Newsletter #284
Features analysis on Altcoins such as TAO SOL SUI HYPE PEPE ALGO
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)
- Solana (SOL)
- Sui (SUI)
- Hype (HYPE)
- Pepe (PEPE)
- Algorand (ALGO)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Bittensor – TAO/USDT
TAO has been building this purple Macro formation for what is now the second year but only this year did price develop brand new month-to-month Lower Highs (blue dotted diagonal).
This is evidence of mounting weakness, whereby the Macro Downtrend (purple) becomes so strong a point of rejection that price no longer visits it in candle-bodied form (instead via upside wicks like we saw earlier this year) and a new Lower High develops at lower prices.
As a result, there's more sell-side pressure on the $183 level (blue) than ever before.
But there's also the matter of weakening support at $183 as well:
TAO has produced lesser rallies from $183 (blue) on each rebound (the April 2025-November 2025 was one +193%) uptrend which re-accumulated buyers at the red region before rallying to the Macro Lower Highs).
This current price stability at the $183 level could still generate a bounce but it would likely be lesser by a fair degree compared to the +109% move from earlier this year.
Over time as a result, there's scope for $183 to breach and the Quarterly timeframe confirms this in its own right:
The Quarterly timeframe shows a constant formation of Macro Lower Highs (blue) and the multi-quarter support (red) experiencing a breakdown last quarter, and this quarter price is turning that same area into new resistance.
A major Quarterly order block is switching into one of supply which just confirms the gaining sell-side pressure on price, especially at the $183 support level.
Breakdown from $183 over time and price would drop into the purple Macro Lower Low and likely downside wick below it, but it would be essential for price to Monthly Close above the purple Lower Low at that time to preserve the overall Macro market structure - but that's a story for another day.
It's all about $183 support now.
Solana – SOL/USDT
Recently, we spoke about how Solana was turning old levels of support into new resistances, both on the Monthly and the Weekly:
In fact, looking here on the Weekly timeframe, it's clear that the entire uptrend from June (blue uptrend line) existed only insofar to secure a bearish retest of the bottom of the Weekly Channel (sideways blue).
And since SOL rejected from the base of the channel, SOL also lost the blue technical uptrend line.
So with the bearish retest secured and the technical uptrend line, SOL is likely to continue trending lower to the $67 level below.
More, the $67 level is potentially weakening as support as well; each rebound from $67 this year has led to lesser returns and so a rejection at this blue order block could be enough to send price back to $67 for yet another lesser rebound which eventually could precede an overall breakdown.