Altcoin Watchlist #154

Hello and welcome back to the Rekt Capital Newsletter

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

• Solana (SOL)
• Zcash (ZEC)
• Worldcoin (WLD)
• Hyperliquid (HYPE)
• Celestia (TIA)
• Stellar (XLM)

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.

Solana – SOL/USDT

Solana continues to track its 2022 tendencies, just playing out a little slower this time around. 

The same technical milestones keep repeating: $123.28 (black horizontal) turning into resistance, $99.06 (blue horizontal) turning into resistance, and now the blue region doing the same:

The blue area is turning into new resistance in this cycle as well.

That resistance flip at ~$83 has now shown up on both the Monthly and the Weekly. 

On the Weekly specifically, price has also broken down from the multi-month trendline that carried Solana up to this ~$80 area in the first place.

That trendline breakdown likely secures this month's goal of turning the bottom of the weekly channel into new resistance. 

From here, price is probably heading closer to $67.81 (blue horizontal).

Overall, this reads as a bearish retest playing out. 

That should apply meaningful sell-side pressure and pull price back toward $67.81 over time.

I don't expect much of a meaningful rebound the next time price reaches ~$67, since it's showing signs of weakening support. 

New lows for the year could follow from there.

Zcash – ZEC/USDT

Zcash has been attempting to retest the red region as support, a level that worked in its favour on the prior two occasions this year (red circles).

Both of those retests held, though even then price kept carving out macro Lower Highs along the way (black Macro Lower High).

This time the retest at the red area has failed. 

In fact, a new multi-week Lower High is forming here, and that matters because it's developing on top of an already established macro Downtrend. 

A weekly Lower High stacking on top of a macro Downtrend is what signals mounting weakness, and that combination could send price down toward the bottom of the macro Higher Low.

That Higher Low is worth watching closely. 

It originally produced the entire March-to-May 2026 rally, then a liquidation wick produced the next leg higher, and that's a visible shallowing in the size of the rallies coming off this Higher Low. 

Zcash has been printing Lower Highs since November, but now those Lower Highs are showing up on a week-to-week basis, casting doubt at the Macro Higher Low itself. 

That, in turn, puts the wider macro triangular structure at risk of a breakdown over time.

The reaction from $400 as a psychological level is the next thing to watch. 

A minimal bounce or lacklustre rebound from here would increase the odds of a drop into the Higher Low over time.