COTI/USDT Accelerates Toward Higher Ground

The COTI token has continued to edge higher as of today. It currently ranks as the second-best-performing coin at the time of writing. The token has recorded a price increase of 5.85%. Although market momentum appears to have slightly weakened, bullish forces remain dominant and continue to maintain control.

COTI Market Statistics

Current Price: $0.05304

Market Capitalization: $126.91M

Circulating Supply: 2.4B

Total Supply: 2.4B

CoinMarketCap Rank: 314

Key Price Levels

Resistance: $0.05500, $0.06000, $0.06500

Support: $0.05000, $0.04750, $0.04500

COTI/USDT Retains an Upside Focus

The COTI market rebounded upward in the previous session. The bullish bounce was strong enough to push the market above the 9-day Exponential Moving Average (EMA) curve. The ongoing session has maintained this momentum, continuing to edge higher and keeping the market positioned above the 9-day EMA curve.

Additionally, the Stochastic Relative Strength Index (SRSI) indicator lines remain in the overbought zone. The indicator recently delivered an upward crossover, and the ensuing lines continue to maintain an upward trajectory — signaling that bullish momentum is still in play.

COTI Bulls Eye the $0.05500 Mark

As the upward correction in the COTI/USDT market continues on the 4-hour chart, it appears that bullish forces are now targeting a key psychological resistance level around $0.05500.

The current session shows a green candle moving higher above the 9-day EMA curve, while the EMA line itself maintains an upward slope. Meanwhile, the SRSI indicator has climbed deep into the overbought region, with the lead line already near the 100 mark.

This development explains the slight deflection seen on the lead line of the indicator on the daily chart. Consequently, a short-term downward pullback may occur before the market resumes its move toward the targeted $0.05500 price level.

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