A closely followed crypto analyst says it\u2019s time for altcoins to rally and predicts that one blue-chip memecoin will be a major beneficiary.<\/p>\n
Pseudonymous analyst Rekt Capital tells his 461,000 followers on the social media platform X that the OTHERS chart, which tracks the market cap of all cryptocurrencies excluding the 10 largest digital assets, is potentially gearing up for a bounce off the $250 billion level.<\/p>\n
Based on his chart, the analyst appears to be initially targeting the $315 billion level before an eventual run to the old highs near $425 billion.<\/p>\n
\u201cAltcoin Market Cap is still holding the $250 billion well as support, positioning itself for a future move to the upside via the black pathway.\u201d<\/em><\/p>\n Looking at specific altcoins, Rekt Capital says that Dogecoin (DOGE<\/a>) has officially confirmed its macro uptrend after a healthy retest of the $0.12 level. The analyst\u2019s chart suggests that the next major resistance levels sit at $0.20 and $0.278.<\/p>\n \u201cDogecoin has made a +30% recovery after successfully retesting the confluent area of support that is the blue Macro Downtrend and the black Range Low (orange circle area).<\/em><\/p>\n The Macro Downtrend is over.<\/em><\/p>\n But this has fully confirmed the new Macro Uptrend.\u201d<\/em><\/p>\n At time of writing, DOGE is trading at $0.163.<\/p>\n As for Bitcoin (BTC<\/a>), Rekt says<\/a> the crypto king has potentially already found strong support around the $60,000 level.<\/p>\n \u201cLooks like it was just a downside wick<\/em><\/p>\n Weekly Close just like this would confirm this pool of liquidity as secured support.\u201d<\/em><\/p>\n At time of writing, Bitcoin is trading at $64,265.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A closely followed crypto analyst says it\u2019s time for altcoins to rally and predicts that one blue-chip memecoin will be a major beneficiary. Pseudonymous analyst Rekt Capital tells his 461,000 followers on the social media platform X that the OTHERS chart, which tracks the market cap of all cryptocurrencies excluding the 10 largest digital assets, […]<\/p>\n","protected":false},"author":2,"featured_media":73244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-296496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/296496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=296496"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/296496\/revisions"}],"predecessor-version":[{"id":296498,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/296496\/revisions\/296498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/73244"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=296496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=296496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=296496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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