COTIUSDT forms a clear descending triangle pattern, which is a classic signal for a reversal of the uptrend that often indicates an upcoming breakout. The price is establishing itself within a narrow range, suggesting that selling pressure is weakening while buyers begin to regain control. With steady volume confirming accumulation at lower levels, the setup hints at a potential bullish breakout soon. The expected move could lead to an impressive gain of around 190% to 200% once the price breaks above the triangle's resistance.
This falling wedge pattern is typically seen at the end of downtrends or corrective phases and represents a potential shift in market sentiment from bearish to bullish. Traders are closely following COTIUSDT and have noted the increasing strength as it approaches the breakout zone. Good trading volume adds confidence to this pattern, indicating that market participants are positioning early in anticipation of a trend reversal.
Reflecting the growing interest from investors in COTIUSDT, the increasing confidence in the long-term fundamentals of the project and current technical strength. If the breakout is confirmed with sustainable volume, this could signify the beginning of a new bullish phase. Traders may find this a valuable setup for medium-term gains, especially with the completion of the wedge pattern and accelerating buying momentum.
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