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COTI Breaks Out At $0.0721 As Bullish Succession Continues

Published 01/16/2023, 09:31 AM
Updated 01/16/2023, 10:00 AM
COTI Breaks Out At $0.0721 As Bullish Succession Continues
COTI/USD
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  • COTI price analysis shows a bullish bias trend, as the prices has increased by 1.57 percent for the last 24 hours.
  • The bulls have been in control of the market over the last 24 hours as prices consolidate at $0.072.
  • The hourly chart for the COTI price shows that the COTI/USD pair has formed a bullish flag pattern.

COTI token is bullish for today, as an increase in price up to $0.072 has been observed. The bulls seem to be in full control of the market, and the token’s value has increased significantly from its all-time low of $0.06964. The trading volume for the token has also increased significantly and is currently at $6.1 million. As the market sentiment is positive for COTI token, traders are expecting a further rise in value over the coming days.

The daily chart for COTI/USD pair shows that COTI has exited a descending triangle pattern. The pattern’s breakout indicates that the bulls are in charge and that the price may increase further in the near future. The resistance level for the bulls is $0.07564 while support is present at $0.06964.

COTI/USD 1-day chart: TradingView

The stochastic oscillator is also indicating a bullish signal, as the indicator has moved out of the oversold zone. This suggests that there is strong buying pressure in the market and that the token could experience further gains.

The 24-hour moving average (MA) is currently at the 0.0678 mark, and the RSI indicator is trading at 55.14 and is rising. This indicates that the market momentum is gaining strength. The MACD is also in the positive zone and is rising, which suggests that more upside is possible in the near future.

The 4-hour COTI price analysis also indicates bullish sentiment, as the token’s price has broken above the 20-day MA. The bulls have been in control of the market over the last 24 hours as prices consolidate at $0.072. The market volatility has to follow an uncertain closing movement, which causes the COTI prices to become less susceptible to volatile change.

Overall,the sentiment is positive for COTI Token, and traders are expecting the price to reach its all-time high of $0.07564 in the near future. It is important to note that if the token falls below the $0.06964 support level, a further correction may occur.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post COTI Breaks Out At $0.0721 As Bullish Succession Continues appeared first on Coin Edition.

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