Analyzing the $COTI chart, let's break down the key indicators and predict possible movements for the next two days:
Current Market Situation
Price: $0.09153 (Up +24.48% in 24h)
24h High/Low: $0.09662 / $0.07278
Moving Average (99MA): $0.09171 (Price is near this level)
Recent Trend:
The price had a strong uptrend after reaching $0.05659.
It retraced from $0.19222 (recent peak).
Currently, it is testing resistance near 99 MA ($0.09171).
Volume:
High trading volume (193.29M COTI, 16.86M USDT) → Suggests strong market interest.
Buyer sentiment: 38.08% buyers, 61.92% sellers → Bears slightly dominate.
Next 2-Day Prediction
Bullish Scenario (Higher Probability)
If COTI holds above $0.09171, it could push towards $0.09662 (24h high).
Breaking $0.09662 can lead to $0.10949-$0.13932 (previous resistance).
The strong uptrend in the last 24 hours hints at momentum continuation.
Bearish Scenario (Risk Factor)
If COTI falls below $0.091, next support is around $0.07965.
A breakdown below $0.07965 may retest $0.07278 or even $0.05659.
Final Outlook
Likely movement: A test of $0.09662 first, then potential move towards $0.10-$0.11.
Risk: If it fails $0.091, expect downward correction to $0.07965.
Strategy:
Bullish traders: Buy above $0.0917, target $0.10+.
Bearish traders: Short if $0.091 fails, target $0.07965.
