Crypto Analyst Predicts Bullish COTI Reversal From Current Level

  • COTI has closed above a key support area, sustaining a bullish momentum.
  • Current support has been consistent since the summer of 2022.
  • COTI could climb towards $0.1 if bullish momentum is sustained.

The crypto analyst Rekt Capital has confirmed a bullish sentiment for COTI, the native token of the decentralized payment transaction network COTI.

While sharing a screenshot of his chart analysis and explaining the patterns, Rekt noted COTI’s price at $0.084915 to be above significant support. According to Rekt, COTI needed to establish a bullish momentum by displaying measurable stability around this region. If that happens, the price will climb toward the $0.1 level.

Recently, Rekt has paid close attention to COTI’s price development. In a post shared about 21 hours earlier, Rekt noted COTI’s price behavior around the $0.084861 level. A level that he considered being weekly support. Rekt predicted that the said level was critical to COTI’s future price development. Closing above the level would signify a bullish trend while closing on the other side would flip the support for resistance.

In the overall trend, Rekt believes the $0.084861 level to be critical in the scheme of things. Since the summer of 2022, the level has acted as a support for COTI/USD three out of the last four times it was tested. That qualifies it as a crucial level to consider under technical analysis.

COTI surged along with other cryptocurrencies at the beginning of the year, rallying from $0.05058 to $0.1235 before retracing to its current level. As of the time of writing, COTI traded at $0.08583, having gained 1.92% in the last 24 hours.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.


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