It was suggested by popular crypto analyst Rekt Capital that the cryptocurrency market could undergo significant changes in the upcoming months.
Avalanche (AVAX) received recognition for its breakout from a downtrend channel, with the next significant resistance noted around $32. The analysis highlighted the importance of AVAX converting recent resistance levels into support to sustain a potential rally.
Stellar (XLM) was acknowledged for breaking its long-standing downtrend since 2021. Rekt Capital observed a shift in the trend, signaling a potential ongoing rally after an initial breakout and retest.
Solana (SOL) was examined based on its recent price movements and historical resistance levels. The analysis acknowledged Solana's leadership role in the market, breaking out from a reaccumulation range and achieving new highs for the year.
ThorChain (RUNE) was highlighted for its breakout from a prolonged downtrend dating back to mid-2022. The analysis emphasized the importance of maintaining specific levels to confirm the upward trend.
Ocean (OCEAN) was discussed in terms of breaking out from a larger market structure, transitioning from the point of rejection to potential buy-side demand. Key levels were identified for Ocean to transform into support and potentially lead to further upward movement.
Polygon (MATIC) was noted for its breakout from a long-term downtrend, with an analysis of potential price targets and the significance of reclaiming essential levels.
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