What Do COTI Crypto Technical Charts Represent?

24 Tem

The analysts are optimistic about the COTI, hoping for 2x gains to capture soon. One such analyst shared a chart on X, where he marked that from a critical level, the price could aim big.
based on such optimism, the COTI's daily chart also exhibited a few optimistic points. For example, the price has surpassed EMA bands, the MACD histogram grew to 0.0036, and the RSI flashed at 64.13, pointing towards a bullish shift.
Over a further look at the chart, with the latest news, the COTI's price slightly breached the falling wedge pattern, precisely a bullish pattern.
This pattern has been in formation for the last six months after the yearly high of $0.2796 was witnessed.
Moreover, if the price keeps on surging, then the price could see the hurdles at $0.1530, and $0.2110, respectively. However, if the price slips back into the wedge, then the pattern would lose its significance. Likewise, the slippage below $0.090, could throw the price towards $0.075, as well. So buyers are advised to do their own research before stepping in.