$COTI is currently exhibiting a bearish trend, with a price of 0.04752 USDT.
The asset tests a critical support level at 0.04734 USDT.
A potential trading strategy could focus on a breakout if it surpasses the resistance at 0.05089 USDT.
With an RSI of 20.65, there’s significant selling pressure.
Risk factors include Bitcoin's volatility and macroeconomic events that could influence market sentiment.
