03 Apr 2023
3 coins to keep an eye on | Issue #227

Price
$0.061348 (-3.85 %)
฿0.00000217 (-3.44 %)
Market Cap
$267 761 587
฿9 467.96
Volume (24h)
$6 358 178
฿224.64
Supply
7 848 894 809 (Max)
4 367 408 366 (Available)
ASTR is consolidating near the 70.5% accumulation retracement level of Q1 2023's bullrun. The price is in the lower half of mid-March's range, which could offer a mild bullish bias.
Bulls rejected bears at $0.0608 on the weekly chart during the week of March 6th. So far, this level supports retests after running bulls' stops under the March 15th swing low.
A drop slightly lower to $0.0576 is also reasonable to anticipate. Reaching this level would sweep bulls' stops under the $0.0576 swing low into March 11th's accumulation.
The price is finding resistance near $0.0646, where bears have rejected bulls three times on the daily chart. Any volatility from Thursday's launch could help the price spike into this area, which also holds the 40 EMA. Doing so would run bears' stops above relatively equal highs around $0.0663.
If this resistance breaks, $0.0700 might be next. Bears rejected bulls at this level on the weekly chart during the week of March 13th.
It's also near filled daily and weekly gaps reaching up to $0.0723. The daily chart also shows that bears rejected bulls near this level on March 18th.

Price
$3.72 (3.71 %)
฿0.00013024 (-1.65 %)
Market Cap
$676 258 495
฿23 722.11
Volume (24h)
$32 859 351
฿1 151.94
Supply
376 868 149 (Max)
182 355 204 (Available)
CAKE is consolidating near the 62% retracement, which often marks an area of accumulation of Q1's rally.
The price ran bulls' stops below the $3.635 swing low on March 27th. It's now returning inside this down candle. Bulls may find support near the current price between $3.744 and $3.640.
Bulls also rejected bears near this level, at $3.652, on the weekly chart during the week of March 6th. This level is also the midpoint of last week's wick.
Resistance might exist near $3.833. During the week of March 13th, bears rejected bulls at this level. It's also the origin of late March's gentle retracement downward. PancakeSwap V3 could provide the catalyst to spike into this level.
If this resistance breaks, a broad area from $4.039 to $4.267 could be the next target. A filled weekly gap low near $4.144 could provide more sensitivity. The weekly chart and daily charts show that significant distribution happened near these levels.
Suppose support around $3.744 breaks instead. In that case, bulls' stops under swing lows at $3.535 and $3.414 might be the bears' objective.
Under these lows, a small weekly gap beginning near $3.359 and the upper half of accumulation below, down to $3.248, could offer more substantial support.

Price
$0.077634 (-2.89 %)
฿0.00000279 (-0.68 %)
Market Cap
$91 314 013
฿3 277.66
Volume (24h)
$12 289 057
฿440.99
Supply
2 000 000 000 (Max)
1 176 271 233 (Available)
COTI has retraced to the bottom of January's monthly gap.
The price found support near $0.0752, which could continue to hold during spikes out of the current tight consolidation. Bulls accumulated near this level on the monthly chart.
It's also near the midpoint of March's wick, saw consolidation before December's drop, and shows two recent bullish rejections of bears on the weekly chart. April 3rd's start of the airdrop campaign might encourage bulls to continue accumulating and support the price near this level.
The price consolidated between $0.0810 and $0.0912 before running bears' stops on February 17th. This area provided stiff resistance on April 1st and may continue to see consolidation and resistance. The midpoint of April 1st's wick, near $0.0837 and a filled daily gap, may offer a more refined resistance level.
If this resistance breaks, $0.0990 could be next. Bears rejected bulls at this level on the monthly and weekly charts.
It's also the February monthly open and the midpoint of distribution during February 17th's stop run. Reaching this level would sweep bears' stops above $0.0917's relative equal highs.
However, bulls' stops under relatively equal lows near $0.0683 offer a tempting target. Bulls' stops under the $0.0616 swing low might be the target if the price drops below these lows without quickly bouncing.
If this drop occurs, the price may bounce from the unfilled part of a weekly gap at $0.0616. A slightly lower weekly accumulation from $0.0599 to $0.0549 could offer higher odds of creating a bullish setup for a tradeable bounce.
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