Stacks

Rekt

Higher

Gains

<p>In their latest newsletter, the analytics firm Rekt Capital provided an insightful analysis of the recent movements in Stacks (STX) and Dogwifhat (WIF).</p> 
<p><a href="https://captainaltcoin.com/recurring-stacks-pattern-shows-path-for-stx-prices-next-leg-up-bittensor-tao-must-surpass-crucial-level-this-week-to-soar/" target="_blank">Rekt Capital noted that STX </a>typically develops market structures at its Macro Higher Low. They noted a general pattern where the price consolidates within its major structure, coiling into the apex and approaching the 1.5-year-old Macro Higher Low trendline to seek support. </p> 
<p>After establishing this support, STX is positioned to break out from its main market structure.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-708-1024x723.png" alt="" class="wp-image-561418" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-708-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-708-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-708-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-708-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-708-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-708-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-708-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-708-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-708-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-708.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>The firm observed that this year, STX’s price dipped into the Macro Higher Low before initiating a bullish pennant formation. </p> 
<p>They also pointed out a recurring behavior <a href="https://www.axi.com/int/blog/education/breakout-trading-strategy" target="_blank" rel="nofollow">upon breakout</a>: STX often closes above the upper limit of the pattern, then dips back to retest this area as support before confirming the breakout and continuing its upward trend.</p> 
<p><strong><em>Read Also:<a href="https://captainaltcoin.com/notcoin-price-pumps-20-is-not-joining-the-party-analyst-weighs-in/" target="_blank"> Notcoin Price Pumps 20% – Is NOT ‘Joining’ The Party? Analyst Weighs In</a></em></strong></p> 
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 <img loading="lazy" decoding="async" width="1024" height="686" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-709-1024x686.png" alt="" class="wp-image-561426" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-709-1024x686.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-709-300x201.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-709-767x514.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-709-1536x1029.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-709-2048x1372.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-709-224x150.png 224w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-709-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-709-522x350.png 522w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-709-788x527.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-709.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><a href="https://newsletter.rektcapital.co/email/7d2839ee-6f20-41e2-939e-a0b766db9506/?ref=rekt-capital-newsletter" target="_blank" rel="nofollow">In their recent update,</a> Rekt Capital reported that STX had broken out by 14% to the upside. However, they cautioned that historical tendencies suggest a potential dip into the top of the recent pennant might occur to fully confirm the breakout, which would enable subsequent price ascension. </p> 
<p>While this retest is not guaranteed, it aligns with previous patterns of downside wicking that typically see quick buying before further upward movement.</p>  
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<h2 class="wp-block-heading" id="dogwifhat-wif-usdt">Dogwifhat (WIF/USDT)</h2> 
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 <img loading="lazy" decoding="async" width="1024" height="686" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-710-1024x686.png" alt="" class="wp-image-561434" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-710-1024x686.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-710-300x201.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-710-767x514.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-710-1536x1029.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-710-2048x1372.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-710-224x150.png 224w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-710-100x67.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-710-522x350.png 522w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-710-788x527.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-710.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>The analytics firm also<a href="https://captainaltcoin.com/largest-dogwifhat-whale-buys-more-is-wif-meme-coin-set-for-price-surge/" target="_blank"> discussed Dogwifhat (WIF),</a> noting that it was coiling towards the apex of its macro market structure, approaching the critical resistance level needed to break and transition from a Macro Downtrend to a new Macro Uptrend.</p> 
<p>In their update, Rekt Capital confirmed that WIF has successfully broken out from its macro structure. However, it must establish a macro uptrend first to establish such a move.</p> 
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<p>The post <a href="https://captainaltcoin.com/stacks-stx-and-dogwifhat-wif-prices-break-out-uptrend-expected-but-theres-a-catch/">Stacks (STX) and Dogwifhat (WIF) Prices Break Out, Uptrend Expected—But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Stacks (STX) and Dogwifhat (WIF) Prices Break Out, Uptrend Expected—But There’s a Catch

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