$COTI has increased by 1.819% in the last 24 hours, currently trading near the upper Bollinger Band at 0.04995.
This proximity suggests a potential overextension, indicating caution for buyers.
Support is at 0.04815, while resistance is at 0.05011.
Volatility appears to be contracting, which could lead to a breakout or reversal.
Consider setting a stop-loss just below support at 0.04815 to manage risk.
Recommendation: Wait for a confirmed breakout above resistance or a dip towards support before taking action.
