Altcoin Watchlist #152

Hello and welcome back to the Rekt Capital Newsletter

In today’s edition, the following cryptocurrencies will be analysed & discussed:

• Aerodrome Finance (AERO)
• Jupiter (JUP)
• Hyperliquid (HYPE)
• ChainLink (LINK)
• Pepe (PEPE)
• Zcash (ZEC)

But before we dive in, this Friday I’ll chart your Altcoin picks in an exclusive subscriber-only TA newsletter and will cover as many as I can

So if you’d like to have an Altcoin charted, feel free to share max. two TA requests each in the comments below.

I’ll chart the Altcoins that get mentioned and ‘Liked’ the most

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Let's dive in to today's Altcoin Market Update.

Aerodrome Finance – AERO/USDT

Aerodrome Finance has been developing a macro triangular market structure (black), with a series of Lower Highs rejecting price over the past several weeks. 

Since the Weekly Close, price has been attempting a Post-Breakout Retest of the top of that structure into new support, an area that is confluent with the $0.5110 (black horizontal, Range High resistance) level.

Technically, price Weekly Closed beneath both the trendline and the Range High resistance last week.

Still, if price can hold above this region through the current week, a base could begin to form here. 

That would require either a Weekly Close, or Daily or 3-day closes above the $0.5110 region; shorter timeframe closes take precedence for the moment seeing as the Weekly Close is still a few days away.

Holding this area is what would help propel price toward the red zone (horizontal, macro resistance) above over time.

So the retest of $0.51 is in progress and successful stability here would enable a move via the blue path to the red resistance above.

Looking even further, a Weekly Close and Post-Breakout Retest of the red resistance could enable a repeat of 2025 history (green circle).

For now, the retest of $0.5110 remains in progress. 

Further price strength at these levels is needed to confirm the move and keep price on the blue path higher.

Jupiter – JUP/USDT

Jupiter continues to follow the same fractal it has traced across previous JUP cycles, and a brand new macro Lower High has now developed within that pattern (blue). 

The blue trendline above is the level that would need to break for this fractal to become invalidated.

What looks more likely, though, is for the current Weekly candle to form yet another Lower High and begin distributing from here over time. 

That would bring the Higher Low beneath it into focus, and a breakdown from that Higher Low would likely follow, dropping price into the bottom of the current orange cluster to prompt an eventual breakdown over time.

For that sequence to play out however, the macro Lower High needs to continue holding, building out, and ultimately rejecting price.

That is the key thing to watch for Jupiter going forward.

Invalidation for this read would come from a Weekly Close above the blue Lower High and a post-breakout retest of it into new support.

Until that happens, the fractal looks set to continue being followed.