COTI

Resistance

Arweave

Rekt

<p>In a technical analysis by <a href="https://newsletter.rektcapital.co/altcoin-market-update-23/" target="_blank" rel="noopener noreferrer nofollow">Rekt Capital</a>, Arweave (AR) is shown to have faked a breakout from its light blue bull flag and failed to retest the $43 (black) level as support to confirm the breakout. Subsequently, AR has retraced back into the blue macro-downtrend, even overextending below it considerably.</p>
<p>However, Rekt Capital emphasizes that until the monthly close is in, nothing is confirmed. The analyst notes that the recent downside volatility has been quite extreme, and such extreme fear often precedes opportunity. This is why it is crucial for AR to hold the blue macro-downtrend.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-731-1024x723.png" alt="" class="wp-image-511691" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-731-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-731-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-731-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-731-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-731-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-731-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-731-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-731-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-731-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-731.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Historically, AR has experienced volatile retests of this macro-downtrend, producing downside wicks below the downtrend. With AR currently trading below the macro-downtrend, Rekt Capital suggests that this could be another volatile retest. For this to be true, AR would need to close above the macro-downtrend later this month.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="coti-coti-usdt-turns-major-support-into-resistance">Coti (COTI/USDT) Turns Major Support into Resistance</h2>
<p>In mid-2021, COTI found support at the orange level and downside-deviated considerably into the light blue order block, even reaching as low as the black level at $0.08. However, in 2024, COTI has turned that major orange support into resistance this month, rejecting into the light blue order block and teasing a potential drop into the black level as well.</p>
<p>Rekt Capital highlights that the light blue box represents a support from mid-2021 and a resistance in 2022 through 2023. COTI now has a chance to reclaim this area as support once again.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-732-1024x723.png" alt="" class="wp-image-511699" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-732-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-732-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-732-768x542.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-732-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-732-2048x1446.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-732-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-732-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-732-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-732-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-732.png 1000w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Despite the entire Altcoin market retracing heavily, the analyst suggests that not much is needed from Altcoins like COTI to end the month with a volatile downside wick to secure major support.</p>
<p>For COTI to secure the light blue box as support, it needs a Monthly Close above this level. However, Rekt Capital warns that in the meantime, downside volatility to the black level could be possible if Bitcoin (BTC) retraces a bit more.</p>
<p><strong><em>Read Also:&nbsp;<a href="https://captainaltcoin.com/should-you-take-a-loan-to-buy-more-kaspa-kas-top-analyst-weighs-in/" target="_blank" rel="noopener noreferrer nofollow">Should You Take a Loan to Buy More Kaspa (KAS)? Top Analyst Weighs In</a></em></strong></p>
<p><em><strong>Join <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="aethir" href="https://captainaltcoin.com/go/aethir/" data-shortcode="true">Aethir’s exclusive airdrop</a> and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/arweave-and-coti-price-analysis-ar-fakes-a-breakout-while-coti-turns-major-support-into-resistance/" rel="noopener noreferrer nofollow">Arweave and Coti Price Analysis: AR Fakes a Breakout While COTI Turns Major Support into Resistance</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Arweave and Coti Price Analysis: AR Fakes a Breakout While COTI Turns Major Support into Resistance

Table of Contents

CaptainAltcoin

Other articles published on Jun 20, 2024

Ethereum options data highlights bears’ plan to keep ETH price under $3.6K

Bitcoin Miners Feeling The Squeeze: Reserves Dry Up To 14-Year Lows

EasyA’s Web3 Developer Community Surpasses One Million and Launches Polkadot Education (20 Jun)

WLD Price Surges 14% as Worldcoin Launches in Ecuador, Plans Return to Kenya

Detained Binance executive Tigran Gambaryan sues for compensation, wife asks for US intervention

BlockDAG Takes the Lead in Crypto Mining with Pioneering ASIC Miners & 30,000X ROI, Surmounting F...

Join our free newsletter for daily crypto updates!