Stacks

Dogecoin

Rally

Rekt

<p>In the latest newsletter published by Rekt Capital, the analysts provided updates on two cryptocurrencies, Stacks (STX) and Dogwifhat (WIF), using insightful market analysis.</p>
<p>A few weeks prior, the newsletter highlighted how STX typically develops market structures around its Macro Higher Low, which has been established for over 1.5 years.</p>
<p>This recent period followed the same trend, as STX broke out from its primary pattern. The analysts noted that such breakouts usually lead to a retest of the breakout point, which serves to confirm the validity of the breakout.</p>
<p>Last week, they reported a successful retest of the pattern’s top, resulting in a notable +17% price increase. However, after this initial surge, the price showed limited follow-through and returned to the retest point.</p>
<p><strong><em>\Read Also: <a href="https://captainaltcoin.com/why-is-solar-sxp-price-pumping/" target="_blank" rel="noopener noreferrer nofollow">Why Is Solar (SXP) Price Pumping?</a></em></strong></p>
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<p>The analysis indicated that <a href="https://coinmarketcap.com/currencies/stacks/" target="_blank" rel="noopener noreferrer nofollow">Stacks (STX)</a> is still in the process of this retest, with price wicking below the pattern top yet managing to hold that area as support.</p>
<p>The ongoing stability in this area is considered crucial for potential upside movement, emphasizing the need for STX to maintain a weekly close above the pattern top to align with its historical price behaviors.</p>
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<h2 class="wp-block-heading" id="dogwifhat-wif-must-maintain-the-0-25-key-level">Dogwifhat (WIF) Must Maintain the $0.25 Key Level</h2>
<p><a href="https://newsletter.rektcapital.co/email/7459a5f8-b895-42a8-a434-cbcea14e54ef/?ref=rekt-capital-newsletter" target="_blank" rel="noopener noreferrer nofollow">In their coverage </a>of WIF, the analysts revisited a discussion from several weeks ago regarding WIF’s preparation for a breakout from its Macro Market Structure.</p>
<p>They identified the red resistance level at $2.52 as a significant hurdle. In this latest update, <a href="https://www.coingecko.com/en/coins/dogwifhat" target="_blank" rel="noopener noreferrer nofollow">Dogwifhat (WIF) </a>has successfully broken out upwards, achieving a +26% rally into the $2.52 resistance. The analysts noted that WIF’s weekly close above this resistance suggests an attempt to reclaim this level as new support.</p>
<p><strong><em>Read Also:<a href="https://captainaltcoin.com/why-is-sui-price-pumping/" target="_blank" rel="noopener noreferrer nofollow"> Why Is SUI Price Pumping?</a></em></strong></p>
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<p>The overall goal for WIF is to re-enter the $2.52-$3.22 range, where it had previously consolidated earlier in the year. For WIF to build on its recent rally and aim for a revisit of the range high at $3.22, it will need to hold the Range Low of $2.52 during the ongoing retest.</p>
<p>Overall, both STX and WIF are navigating crucial technical levels that will determine their short-term price movements and potential for future gains.</p>
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<p>The post <a href="https://captainaltcoin.com/stacks-stx-and-dogwifhat-wif-to-rally-if-prices-close-above-these-levels-this-week/" rel="noopener noreferrer nofollow">Stacks (STX) and Dogwifhat (WIF) to Rally If Prices Close Above These Levels This Week</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Stacks (STX) and Dogwifhat (WIF) to Rally If Prices Close Above These Levels This Week

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