In this COTI technical analysis, we will examine the current price action, trading volume, key levels and indicators for COTI-BTC. COTI (COTI) is a decentralized cryptocurrency that focuses on providing fast and secure transactions, with a unique proof-of-trust consensus algorithm that ensures the network’s security and scalability. COTI’s novel approach to smart contracts allows for more complex and flexible agreements between parties, making it an attractive option for businesses and individuals looking for a reliable blockchain solution. Additionally, COTI’s decentralized governance model ensures that the community has a direct say in the direction of the project, fostering a sense of ownership and collaboration among users.
COTI Price Overview:
As of October 02, 2023, COTI is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for COTI-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 1,152,366.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): COTI reached a daily high of around 0.0 BTC.
- Low (L): The daily low for COTI-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, COTI is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.85% |
| 3D Change (%) | -1.96% |
| 7D Change (%) | -11.24% |
| 30D Change (%) | 2.74% |
| 90D Change (%) | -15.73% |
| YTD Change (%) | -53.56% |
Over the past three days, COTIBTC has dropped by approximately -1.96%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -11.24%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with COTIBTC maintaining an upward trend of approximately 2.74%, despite intermittent fluctuations. Examining the last 90 days, COTIBTC has witnessed substantial drop of approximately -15.73%, reflecting strong long-term confidence. Year-to-date, COTIBTC has steadily declined by around -53.56%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
COTI Live Chart:
You can access a live price chart for COTI-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.48673.
- Momentum score is 0.0274.
COTI BTC Technical Analysis
COTI Trading Volume:
The trading volume for COTI (COTI) over the past 24 hours has been insignificant, with approximately 1,152,366.00 BTC traded against COTI. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): COTI is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): COTI is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for COTI-BTC is currently in the neutral zone, around 45.41977. This suggests that COTI is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
COTI (COTI-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
