COTI/USDT Price Rises by 6.67%

The COTI/USDT market has continued its winning streak with a further price increase of 6.67%. As a result, price action continues to rise past key technical levels. Due to this, the token ranks as the second most profitable coin at the time of writing. Let’s analyze this token further below.

COTI Statistics

Current Price: $0.08829

Market Capitalization: $165.32M

Circulating Supply: 1.79B

Total Supply: 2B

CoinMarketCap Rank: 255

Key Price Levels

Resistance: $0.09000, $0.09500, $0.10000

Support: $0.08500, $0.08000, $0.07500

COTI/USDT Buyers Continue to Dominate

Price action in the COTI/USDT market has continued to edge upwards. Currently, the token is still trading above the 20- and 50-day Moving Average (MA) curves. The latest price candle remains green, indicating that buyers are still in control.

Currently, the 100- and 200-day MA lines are positioned above price activity. Likewise, the Stochastic RSI remains near the 100 threshold, signaling persistent bullish momentum. However, since the RSI is already indicating overbought conditions, traders should anticipate a potential pullback soon.

COTI Bulls Stay in Control

By analyzing the COTI/USDT market on a shorter 4-hour timeframe, it is evident that bullish activity remains strong. Here, price action has moved above all MA lines and has stayed in the green ever since.

Meanwhile, the Stochastic RSI continues to trend upward from the overbought region following a recent upside crossover. Although the market is already overbought, the COTI token appears to be on track to reach the $0.09000 price level. Additionally, if bullish sentiment strengthens, the price could edge closer to $0.09500.

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