$COTI has experienced a notable decline of 5.723% in the past 24 hours.
Current price is testing support near the lower Bollinger Band at 0.05343.
This proximity suggests potential overextension and a possible rebound.
Failure to hold this level may lead to further declines towards 0.05312.
Volatility appears to be contracting, indicating a potential build-up for a future move.
Set a stop-loss just below support at 0.05280 to manage risk.
Traders should consider waiting for confirmation of support before entering a position.
