The latest newsletter from Rekt Capital discusses the recent market trends and price analysis of two notable altcoins: Stacks (STX) and Vanar Chain (VANRY). Experts review the current position of these cryptocurrencies in the market and their potential outlooks.
Analysis of Stacks (STX)
According to Rekt Capital's newsletter, Stacks (STX) remains a topic of discussion owing to its historical price trends. The analysis indicates that STX typically forms macro market structures aligning with a macro support level. Following this formation, STX usually breaks out, retests the upper boundary as new support, and continues upward. This time, the behavior has stayed consistent with a somewhat extended timeline compared to previous patterns. STX has successfully broken out from its macro triangular market structure, testing it as support, which confirms the likelihood of a continued uptrend.
Prospects for Vanar Chain (VANRY)
Regarding Vanar Chain, the current analysis shows that VANRY recently broke through its macro downtrend and is in the process of retesting this level as new support. About three weeks ago, VANRY initiated this breakthrough. However, two weeks ago, it experienced a pullback, resulting in a weekly close below the downtrend line. Last week, VANRY managed to close above the downtrend, laying the groundwork for a potential retest. Interestingly, the downtrend now represents a lower price compared to the previous week. The general sentiment suggests VANRY is working to establish a stable base before fully transitioning into a new macro uptrend, awaiting confirmation of the downtrend's conclusion.
Current Market Situation
The current moment for both altcoins — Stacks and Vanar Chain — is marked by volatility and intriguing market movements. For STX, the key factor will be retaining its current support and further upward movement. For VANRY, the critical phase is completing the downtrend testing and commencing stable growth within a possible new trend.
The analysis suggests that both altcoins are at crucial development stages. Stacks (STX) shows signs of readiness for continued bullish movement, while Vanar Chain (VANRY) is working on securing a new foundation for potential growth.