Stacks (STX) Set to Rally as Familiar Pattern Returns; Vanar Chain (VANRY) Price Struggles to Break Out

In the latest edition of the Rekt Capital newsletter, the analysis provided by the team covers two notable altcoins: Stacks (STX) and Vanar Chain (VANRY).

Stacks (STX) price is poised for a rally as it completes a familiar technical pattern, while Vanar Chain (VANRY) struggles to break out from a key resistance level.

According to a recent analysis by the Rekt Capital team, Stacks (STX) has a history of forming macro market structures, which are highlighted by a Macro Higher Low (indicated in green). These formations typically pave the way for STX breakouts, followed by a retest of the upper boundary as new support (marked by blue circles) before continuing the bullish trend.

In the latest cycle, STX has exhibited a similar pattern, although with an extended timeframe compared to previous instances. The altcoin has broken out from its macro triangular market structure (indicated in black) and retested this structure as support, showing resilience despite some volatility, as indicated by the downside wicks.

This breakout and retest sequence positions STX for a continuation of the uptrend. If the altcoin manages to sustain stability in this phase, it could further bolster the bullish sentiment surrounding Stacks (STX).

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Vanar Chain – VANRY/USD

The analysis also highlights Vanar Chain (VANRY), which recently broke its Macro Downtrend (indicated in black) and is currently retesting this level as new support.

Around three weeks ago, VANRY initiated this breakout. However, two weeks ago, the altcoin experienced a pullback, leading to a weekly close below the downtrend line.

Last week, VANRY recovered, closing above the downtrend, opening the door for another retest. The newsletter suggests that VANRY could still dip back into the downtrend for an additional retest attempt.

Interestingly, the downtrend now marks a lower price point compared to the previous week, indicating a dynamic shift. The overall sentiment suggests that VANRY is attempting to establish a stable base before transitioning into a new Macro Uptrend, pending confirmation that the downtrend has concluded.

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