COTI is showing early signs of a potential breakout as price compression within a falling wedge coincides with renewed buyer activity.
Falling Wedge Structure and Buyer Activity
COTI is testing the lower wedge support near $0.048, where buyers are stepping in vigorously. The falling wedge has dominated price action for months, creating lower highs while compressing into a tighter range. Such structures often develop into breakout setups once sellers are exhausted.
Each test of the $0.048 support has been met with renewed buying strength. The repeated rebounds at this level suggest an accumulation phase, with traders viewing this zone as a value entry point. Volume data supports this thesis, with gradual increases recorded during rebounds, signaling persistent demand.
Momentum indicators add to the picture of stabilization. The RSI hovers around neutral levels, reflecting slowing downside pressure and setting the stage for potential strength once resistance is breached.
Breakout Levels and Projected Targets
According to observations, wedge tightening combined with stronger buying activity points toward an upcoming breakout. The initial price target is $0.057, the first key resistance above the wedge. Sustained buying could lift the token further toward $0.069 and $0.078, levels tied to past retracements.
The chart structure also shows extended targets at $0.090 and $0.105. These levels align with clusters of historical trading activity, making them likely checkpoints if momentum holds. The final projected upside from this setup is $0.130, positioned near the upper resistance zone.
This target progression offers a clear roadmap for traders, balancing short-term thresholds with longer-term possibilities. Each stage of the rally will require confirmation through volume expansion and sustained buyer participation.
Market Activity and Short-Term Outlook
Beyond the technical setup, COTI is currently trading at $0.05252, marking a 6.23% gain over the past day. Its market cap has risen to $123.13 million, reflecting a 6.31% increase alongside a sharp 42.38% rise in daily volume to $8.86 million.
The volume-to-market cap ratio stands at 7.19%, signaling strong liquidity relative to valuation. Circulating supply is at 2.34 billion COTI, matching the total supply, with a maximum supply cap of 4.91 billion tokens. This balance suggests that future issuance remains a factor but is currently manageable.
COTI’s community base, with 43.57K holders, continues to provide stability as price action strengthens. The recent rebound from $0.04937 reinforces buyer commitment, with intraday movements pushing the token firmly above $0.052. This aligns with the technical roadmap and keeps attention fixed on the breakout zone ahead.
COTI presents encouraging signs for traders, with breakout potential and resistance levels. Sustained demand and buyer activity create a foundation for further market movements.
