In the latest edition of the Rekt Capital Altcoin Newsletter, two standout altcoins are showing early signs of bullish momentum following successful technical retests and breakouts.
RIO/USDT: Retest and Rally
Realio Network (RIO) has delivered a strong +30% rally after successfully retesting the $0.26 monthly support level, confirming last week’s bullish divergence identified on the weekly chart.
With momentum now building, the next major target is the $0.42 resistance level, which acted as a local high in recent months. Continuation toward that level would confirm a broader recovery trend.
XLM/USDT: Downtrend Broken, Eyes on Monthly Demand
According to the information Stellar (XLM) has confirmed a breakout from its long-standing Downtrending Channel, a structure that capped price action for months. The key for XLM now is a weekly close above the green boxed area, a historically critical support/resistance zone on the monthly chart.
If reclaimed, this green zone could set the stage for a move toward the $0.37 resistance, and potentially even the $0.52 macro high if history repeats. For now, all eyes are on whether the breakout holds and dips are bought back into that reclaimed level.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/2-altcoins-flash-bullish-setups-as-market-eyes-breakouts/