Leading crypto analyst Rekt Capital has updated his price outlook and analysis on Solana (SOL) and COTI (COTI). In his latest newsletter, Rekt Capital provided his perspective on the recent price action and potential next moves for these two popular crypto tokens.
Regarding COTI, Rekt Capital noted that the token has been holding support around its historical demand area (green box on chart). He stated: “Since then, COTI has outperformed, rallying fully via the green path and now breaking out even from its red macro market structure.”
Rekt Capital went on to explain the significance of COTI maintaining support in the yellow circled region, saying: “It comes down to this region in general where COTI needs to establish support and chances are it will.” This would confirm a new macro uptrend for COTI.
COTI’s price has surged over 55% in the past week to currently trade around $0.08756, with a market capitalization of approximately $132 million.
As for Solana, Rekt Capital discussed its potential to follow the outlined orange and blue paths on its chart.
He noted: “After successfully following the orange path to completion, SOL is now trying to transition into the blue path. So far, so good.” Rekt Capital expects SOL may retest the black level as support before continuing higher.
Solana’s price is up 10% over the last 7 days, currently trading around $108. This remains slightly below its 2023 high of $112 set in December.
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Show more +In summary, leading crypto analyst Rekt Capital remains bullish on the price outlook for both Solana and COTI. According to his analysis, COTI looks poised to confirm a new macro uptrend if it can establish support in key regions.
Solana aims to continue rallying after successfully following expected technical patterns. Crypto investors should keep a close eye on how these two tokens perform in coming weeks as the markets evolve.
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