- Bullish COTI price prediction is $0.1464 to $0.6631.
- The COTI price will also reach $1 soon.
- COTI’s bearish market price prediction for 2022 is $0.0787.
In COTI (COTI) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about COTI to analyze the future movement of the cryptocurrency.
COTI (COTI) Current Market Status
According to CoinGecko, the price of COTI (COTI) is $0.091291 with a 24-hour trading volume of $12,856,507 at the time of writing. However, COTI has increased to 0.7% in the last 24 hours.
Moreover, COTI (COTI) has a circulating supply of 1,048,141,495 COTI. Currently, COTI trades in cryptocurrency exchanges such as Binance, Bybit, DigiFinex, KuCoin, and Bitget.
What is COTI (COTI)?
COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps, and stablecoin issuers. COTI Pay is the first application. It describes itself as a fully encompassing finance on the blockchain. COTI enables companies to effortlessly create advanced fintech products and save time, data, and money. It markets itself as the first enterprise-grade fintech platform that empowers organizations to build their own payment solutions as well as digitize any currency to save time as well as money.
COTI (COTI) Price Prediction 2022
COTI (COTI) holds the 249th position on CoinGecko right now. COTI price prediction 2022 is explained below with a weekly time frame.
A falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. A falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend. The falling wedge pattern occurs when the price is moving in an overall bullish trend before the price action corrects lower.
Currently, COTI (COTI) is at $8.11. If the pattern continues, the price of COTI might reach the resistance level of $0.1113, $0.1415, $0.2244 and $0.3384. If the trend reverses, then the price of COTI may fall to $0.0773.
COTI (COTI) Support and Resistance Levels
The chart below shows the support and resistance levels of COTI (COTI).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of COTI (COTI).
| Resistance Level 1 | $0.1464 |
| Resistance Level 2 | $0.2447 |
| Resistance Level 3 | $0.3425 |
| Resistance Level 4 | $0.4622 |
| Resistance Level 5 | $0.6631 |
| Support Level | $0.0784 |
The charts show that COTI has performed a bullish trend over the past month. If this trend continues, COTI might run along with the bulls overtaking its resistance level at $43.76.
Accordingly, if the investors turn against the crypto, the price of the COTI might plummet to almost $0.0787, a bearish signal.
COTI (COTI) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of COTI (COTI) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of COTI lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of COTI (COTI) is shown in the above chart. Notably, the COTI price lies below 50 MA (short-term), so it is entirely in a downward trend. Currently, COTI is in a bearish state. There is a possibility of a reversal trend of COTI at any time.
Meanwhile, the relative strength index (RSI) of the COTI is at a level of 40.33 This means that COTI is in a neither overbought nor oversold state. However, this gives confidence to the traders to trade without any fear.
COTI (COTI) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of COTI (COTI). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of COTI (COTI). Currently, COTI lies in the range of 9.9700, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of COTI (COTI). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of COTI lies above 50, indicating higher volatility. In fact, COTI’s RSI is at 40.33, thus confirming a potential buy signal.
Comparison of COTI with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and COTI (COTI).
From the above chart, we can interpret ETH, BTC, and COTI are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and COTI also increase or decrease respectively.
COTI (COTI) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, COTI (COTI) might probably attain $7by 2023.
COTI (COTI) Price Prediction 2024
With several upgrades in the network, COTI (COTI) might enter a bullish trajectory. If the coin grabs the attention of major investors, COTI might rally to hit $14 by 2024.
COTI (COTI) Price Prediction 2025
If COTI (COTI) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, COTI would rally to hit $18.
COTI (COTI) Price Prediction 2026
If COTI (COTI) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, COTI would rally to hit $30.
COTI (COTI) Price Prediction 2027
If COTI (COTI) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, COTI would rally to hit $37.
COTI (COTI) Price Prediction 2028
If COTI (COTI) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, COTI would hit $43.
COTI (COTI) Price Prediction 2029
If investors flock in and continue to place their bets on COTI (COTI), it would witness major spikes. COTI might hit $49 by 2029.
COTI (COTI) Price Prediction 2030
With greater advancements in the COTI ecosystem, the crypto community might continue to invest in COTI (COTI) for the next 8 years and drive significant price rallies for the token. Hence, COTI (COTI) might hit $51 by 2030.
Conclusion
With continuous improvements in the COTI network, we can say that 2022 is a good year for COTI. For this reason, the bullish price prediction of COTI (COTI) in 2022 is $0.6631. On the other hand, the bearish price prediction of COTI (COTI) for 2022 is $0.0787.
Furthermore, with the advancements and upgrades in the COTI ecosystem, the performance of COTI (COTI) might hit $1 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $0.668634 in the near future.
FAQ
COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps, and stablecoin issuers.
COTI has listed on many crypto exchanges which include Binance, Bybit, DigiFinex, KuCoin, and Bitget.
With the ongoing developments and upgrades within the COTI platform, it has a high possibility of reaching its ATH soon.
On Sep 29, 2021, COTI reached its new all-time high (ATH) of $0.668634.
COTI (COTI) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of COTI in the past few months, COTI is considered a good investment in 2022.
COTI (COTI) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then COTI (COTI) will hit $1 soon.
COTI (COTI) price is expected to reach $7 by 2023.
COTI (COTI) price is expected to reach $14 by 2024.
COTI (COTI) price is expected to reach $18 by 2025.
COTI (COTI) price is expected to reach $30 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Source: https://thenewscrypto.com/coti-price-prediction-2022-will-coti-hit-1-soon/