Cryptocurrency

Arbitrum

Edge

Rekt

<p><strong>Cryptocurrency analyst Rekt Capital recently dissected the technical landscape for two buzzworthy coins: ARB and UNIBOT. </strong></p> 
<p>His detailed review uncovered a complex backdrop of downtrends, support levels, and liquidity zones that could shape the future trajectory of these digital assets.</p> 
<h2 class="wp-block-heading" id="arb-a-struggle-to-maintain-support">ARB: A Struggle to Maintain Support</h2> 
<h3 class="wp-block-heading" id="strong-arb-s-persistent-downtrend-strong"><strong>ARB’s Persistent Downtrend</strong></h3> 
<p>Since reaching its peak in April/May 2023, ARB has been ensnared in a macro downtrend. The decline has been so pronounced that it has pushed the coin’s price back to a crucial psychological support level of approximately $1.</p> 
<h3 class="wp-block-heading" id="strong-the-importance-of-the-green-liquidity-pool-strong"><strong>The Importance of the Green Liquidity Pool</strong></h3> 
<p>Beneath this $1 mark lies a green liquidity pool, a zone where ARB has previously dipped to attract buy-side strength for a potential price reversal. In June, this strategy seemed to work, as the coin experienced a surge in buying power that propelled it back towards its macro downtrend.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="724" src="https://captainaltcoin.com/wp-content/uploads/2023/08/ARB-CHART-1024x724.png" alt="" class="wp-image-321694" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/ARB-CHART-1024x724.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/ARB-CHART-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/ARB-CHART-767x542.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/08/ARB-CHART-1536x1086.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/ARB-CHART-2048x1448.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/ARB-CHART-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/08/ARB-CHART-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2023/08/ARB-CHART-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/ARB-CHART-495x350.png 495w, https://captainaltcoin.com/wp-content/uploads/2023/08/ARB-CHART-788x557.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/08/ARB-CHART.png 1788w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<h3 class="wp-block-heading" id="strong-a-failed-reversal-attempt-strong"><strong>A Failed Reversal Attempt</strong></h3> 
<p>However, ARB’s second foray into the green liquidity pool last month failed to replicate June’s success. The area garnered little interest from buyers, explaining why ARB finds itself back at this precarious position in August.</p> 
<h3 class="wp-block-heading" id="strong-the-risk-of-negative-price-discovery-strong"><strong>The Risk of Negative Price Discovery</strong></h3> 
<p>If ARB closes the month below the $1 psychological support and fails to rally, it could signal a further descent into the green liquidity pool. The more it drops within this zone, the weaker the demand area becomes, potentially triggering a negative price discovery in search of unknown support levels.</p> 
<p>Read our analyses: <strong><a href="https://captainaltcoin.com/arbitrum-coins/" target="_blank" rel="noopener noreferrer nofollow">Best Projects on Arbitrum&nbsp;</a></strong></p> 
<h2 class="wp-block-heading" id="unibot-teetering-on-the-edge">UNIBOT: Teetering on the Edge</h2> 
<h3 class="wp-block-heading" id="strong-unibot-s-downtrend-saga-strong"><strong>UNIBOT’s Downtrend Saga</strong></h3> 
<p>Much like ARB, UNIBOT has also been in a downtrend, marked in orange, since it was rejected from its macro downtrend, indicated in blue. Currently, the coin hovers above a key black support level of around $115.</p> 
<h3 class="wp-block-heading" id="strong-the-green-demand-area-a-make-or-break-zone-strong"><strong>The Green Demand Area: A Make-or-Break Zone</strong></h3> 
<p>UNIBOT has been downside wicking into the green demand area, a critical zone it needs to hold to break free from the orange downtrend in the coming days.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="724" src="https://captainaltcoin.com/wp-content/uploads/2023/08/UNIBOT-CHART-1024x724.png" alt="" class="wp-image-321702" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/UNIBOT-CHART-1024x724.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/UNIBOT-CHART-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/UNIBOT-CHART-767x542.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/08/UNIBOT-CHART-1536x1086.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/UNIBOT-CHART-2048x1448.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/UNIBOT-CHART-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/08/UNIBOT-CHART-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2023/08/UNIBOT-CHART-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/UNIBOT-CHART-495x350.png 495w, https://captainaltcoin.com/wp-content/uploads/2023/08/UNIBOT-CHART-788x557.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/08/UNIBOT-CHART.png 1788w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<h3 class="wp-block-heading" id="strong-the-imminent-squeeze-strong"><strong>The Imminent Squeeze</strong></h3> 
<p>If UNIBOT manages to break the orange downtrend, it could usher in a period of uptrending price action. However, failure to close beyond this downtrend could act as a rejection point, forcing the coin to lose its $115 support and retest the green demand area for strength.</p> 
<p>Read our analyses: <a href="https://captainaltcoin.com/what-is-unibot/" target="_blank" rel="noopener noreferrer nofollow"><strong>What is Unibot and How Does it Work?&nbsp;</strong></a></p> 
<h2 class="wp-block-heading" id="strong-conclusion-a-crucial-juncture-strong"><strong>Conclusion: A Crucial Juncture</strong></h2> 
<p>Both ARB and UNIBOT are at pivotal moments in their price trajectories. For ARB, the loss of the green liquidity pool could spell disaster, while UNIBOT faces an imminent squeeze between its black support and orange downtrend. Investors should keep a close eye on these levels as they could serve as significant indicators for the coins’ future movements.</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/arbitrum-struggles-to-maintain-crucial-support-while-unibot-teeters-on-the-edge-of-a-breakout-whats-next-for-two-trending-cryptos/">Arbitrum Struggles to Maintain Crucial Support While Unibot Teeters on the Edge of a Breakout – What’s Next for Two Trending Cryptos?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Arbitrum Struggles to Maintain Crucial Support While Unibot Teeters on the Edge of a Breakout – What’s Next for Two Trending Cryptos?

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