Here is a breakdown and brief analysis of the $COTI
/TRY market
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💱 COTI/TRY Market Overview
Current Price: ₺2.239
24h Change: -2.86% 🔻
Sector: Payments
Sentiment: Mildly bearish
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📊 24h Price Metrics
Metric Value
High: ₺2.376
Low: ₺2.221
Current: ₺2.239
Range: ₺0.155 (approx. 6.9% swing)
📌 Observation:
Price is near daily lows, which implies downward pressure still exists. A rebound attempt may be forming around ₺2.22–2.24, but no confirmation yet.
💵 Volume & Moving Averages
Metric Value
24h Vol (COTI): 2.76M
24h Vol (TRY): ₺6.37M
Current Vol: 43,764
MA(5): 94,036
MA(10): 129,115
📌 Analysis:
Volume is low compared to short-term MAs, showing reduced participation
MA(5) < MA(10) suggests short-term weakening momentum
📉 Order Book Snapshot (Depth Levels)
Resistance Zones Support Zones
₺2.376 (24h high) ₺2.221 (24h low)
₺2.338 ₺2.193
₺2.290 ₺2.155
₺2.388 (upper wall) ₺2.143 (support MA)
📌 Key Levels:
Immediate resistance: ₺2.290 → ₺2.338
Critical support: ₺2.193 → ₺2.143
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📌 Technical Summary
Indicator Status
Trend Weakly bearish 🔻
Price vs MA Below both MA(5) & MA(10)
Momentum Cooling
Volatility Mild
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✅ Summary Table
Factor Insight
Trend Bias Bearish (near-term)
Volume Trend Decreasing
Support Zone ₺2.22 – ₺2.14
Resistance Zone ₺2.29 – ₺2.38
Outlook Cautious / Waiting for confirmation
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🔄 Strategy Notes
If bullish:
Look for a bounce above ₺2.24 and reclaim of ₺2.29
Target: ₺2.33–2.37 range
Stop-loss below ₺2.14
If bearish:
A breakdown below ₺2.22 could open ₺2.14–2.10 range
Entry below ₺2.19 with tight stop-loss
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Would you like a short-term RSI/EMA-based trading signal or compare COTI to other payment tokens like XLM or XRP?
#Coti #COTI/USDT #USCryptoWeek #ArbitrageTradingStrategy #Write2Earn
