Altcoin Newsletter #80

My exclusive commentary on 8 Altcoins

Welcome to the Rekt Capital newsletter, a resource for people who want to better navigate the crypto markets with the help of cutting-edge crypto research and unbiased market analysis.

Every Friday, I host an Altcoin TA session where I share my exclusive commentary on the price action of a wide variety of coins.

I share charts on 8 coins today.

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In today’s Altcoin newsletter, I cover 8 different Altcoins, specifically:

• Ethereum (ETH/USD)

• Solana (SOL/USDT)

• VeChain (VET/USDT)

• Cardano (ADA/USD)

• Polkadot (DOT/USDT)

• Cosmos (ATOM/USDT)

• Fantom (FTM/USDT)

• Coti (COTI/USDT)

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Ethereum - ETH/USD

ETH is struggling at support here, mustering very little reaction now compared to mid-2021.

Technically, yes, a relief rally into the ~$2269 is possible.

But if this reaction here at ~$1720 continues to remain this weak, ETH may very well forgo a relief rally scenario and simply breakdown sooner into the blue or even orange levels.

Solana - SOL/USDT

Solana is entering a historical demand area, where multi-month consolidation took place.

SOL should be able to find some support here at least over the coming weeks.