bullish

COTI

Momentum

Resistance

<ul class="wp-block-list">
 <li>COTI breaks through resistance, bouncing from $0.06, signaling the potential for a trend reversal and new upward momentum.</li>  
 <li>The $0.1490 level is crucial; a breakout above it could signal further gains for COTI after its recent bullish shift.</li>  
 <li>Consistent support at $0.06 reinforces buying interest, with a possible pullback offering more opportunities for traders.</li> 
</ul>  
<p>COTI paired with Tether (USDT) on Binance has recently shown strong bullish momentum, breaking through a key descending resistance. This shift follows a prolonged downward trend that started earlier in 2024.&nbsp;After rising from a crucial support zone close to $0.06, the price is currently trading at about <a href="https://coinmarketcap.com/currencies/coti/" target="_blank" rel="noopener noreferrer nofollow">$0.1049</a>, indicating a possible trend reversal. Traders are focusing on the next big goal at the $0.1490 level after the recent resistance breakout, which may signal a big fundamental change in the market.</p>  
<h2 class="wp-block-heading" id="h-strong-support-at-0-06-reinforces-buyer-interest">Strong Support at $0.06 Reinforces Buyer Interest</h2>  
<p>Throughout the year, <a href="https://cryptonewsland.com/ton-faces-critical-support-test-amid-descending-triangle-pattern/" target="_blank" rel="noopener noreferrer nofollow">COTI formed a descending triangle</a> with a downward resistance line connecting peaks from February, June, and August. The price initially reached $0.2790 in February before facing a series of declines, hitting a support area around $0.06 multiple times. These touches confirmed this level as a robust demand zone, with buyers stepping in whenever prices neared this range.</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdyqf_8xP0--fsmPolsfQK541dawROKUr0l-2v_oi3jPeSBB5Iy-N8BeHbK1hkMvVVR0Yp3HB57Ch3PtnhnH5hO-YxDmczDO0P9c1zFRX1BFcVqjGG29qFD6s6Jp-8Spia-iVHp?key=Qkpa6y28nJbDsfVFnm6KCP7A" alt="">
</figure>  
<p>By late October, COTI bounced near $0.06 again, signaling renewed buyer interest. This demand-driven rebound pushed prices above the descending resistance, marking a critical breakthrough. This move suggests a <a href="https://cryptonewsland.com/altcoins-in-limbo-why-the-rsi-heatmap-signals-both-opportunity-and-risk/" target="_blank" rel="noopener noreferrer nofollow">potential shift in market sentiment</a>, leaning toward bullishness. However, the $0.1490 horizontal resistance stands as the next test for COTI’s upward momentum.</p>  
<h2 class="wp-block-heading" id="h-key-levels-indicate-possible-market-shift">Key Levels Indicate Possible Market Shift</h2>  
<p>Several price points highlight potential areas of interest for both buyers and sellers. The $0.1490 level is crucial; if breached, it could drive COTI toward further gains. Moreover, with consistent support around $0.06, any pullback to this range may present buying opportunities, reinforcing the demand zone. On the other hand, previous peaks at $0.2790 and the resistance touchpoints from February, June, and August show strong seller presence.</p>  
<p>The recent breakout above the descending line, coupled with a bounce from support, signals a potential<a href="https://www.altrady.com/crypto-trading/technical-analysis/reversal-patterns-head-and-shoulders" target="_blank" rel="noopener noreferrer nofollow"> market reversal</a>. Candlestick patterns suggest past rejections at the descending trendline, where bearish forces dominated until this breakout. Now, the price action seems to favor the bulls, pointing to a renewed uptrend.</p>   
<p>The post <a href="https://cryptonewsland.com/cotiusdt-shows-bullish-momentum-following-descending/" rel="noopener noreferrer nofollow">COTIUSDT Shows Bullish Momentum Following Descending Resistance Break</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

COTIUSDT Shows Bullish Momentum Following Descending Resistance Break

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