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Cryptocurrency News Articles
2 Altcoins Flash Bullish Setups as Market Eyes Breakouts
May 10, 2025 at 12:43 am
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.
Two altcoins are flashing bullish setups in the latest edition of the Rekt Capital Altcoin Newsletter.
As covered previously, Realio Network (RIO) is showing signs of a potential recovery 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.
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.
Stay tuned to the newsletter for further analysis and updates on these altcoins and other cryptocurrencies.
Subscribe to the Rekt Capital newsletter here.
Follow Benzinga's coverage of crypto market turbulence and the latest in the metaverse.
Read More: Bitcoin, Ethereum And Top 7 Crypto Price Predictions For 2024
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