COTI prices have remained relatively stable today despite going up by 8 per cent in yesterday’s trading session. Today’s trading session gains also mark a fourth consecutive day that COTI is gaining in the market.
COTI Price History
Despite the price surge in the past four days, COTI has been in a long-term bearish trend. In the month of May, the crypto lost 25 per cent of its value. However, COTI was down by as much as 50 per cent at some point during the month.
The year to date data also shows that COTI has lost 62 per cent of its value. Since hitting its all-time price high of $0.68 on October 31, 2021, the cryptocurrency has also dropped by more than 80 per cent. The price data shows that despite recent efforts by the platform, the markets have continued to be hostile towards the cryptocurrency. The recent cryptocurrency crash is partly the reason for the COTI drop.
COTI Price Prediction
Throughout today’s trading session, COTI prices have toyed between the bulls and bears. However, as of the time of the writing, COTI is up by less than a percentage point. However, the past few trading days have been aggressively bullish. In the past four days, the prices have risen by 30 per cent.
Looking at Charthart below, the price action looks aggressively bullish. The Williams Alligator indicator also shows signs of a price reversal. The prices are also bouncing from a recent support level of $0.1 after trading for weeks without breaking to the downside.
Therefore, my COTI price prediction expects the prices to continue with the current upward move. As a result, we will likely see the prices trading above the $0.15 psychological level in the next few trading sessions. However, should the price trade below the $0.1 support level at any point, then my bullish analysis will be invalidated. It will also mean a possible resumption of a bearish move.
COTI daCharthart
