In this COTI technical analysis, we will examine the current price action, trading volume, key levels and indicators for COTI-BTC. COTI is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with a wide range of financial services. With COTI, users can access a variety of financial tools and resources, such as lending, borrowing, and trading, all within a secure and transparent ecosystem. Additionally, COTI’s innovative use of smart contracts and decentralized governance ensures that the platform is run by its users, for its users, creating a truly community-driven financial system.
COTI Price Overview:
As of May 01, 2024, 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) | 801,798.00 |
- 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 (%) | 3.39% |
| 3D Change (%) | -2.66% |
| 7D Change (%) | -4.69% |
| 30D Change (%) | -28.24% |
| 90D Change (%) | 40.77% |
| YTD Change (%) | 10.91% |
Over the past three days, COTIBTC has fallen by approximately -2.66%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -4.69%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with COTIBTC maintaining a downward trend of approximately -28.24%, despite intermittent fluctuations. Examining the last 90 days, COTIBTC has witnessed substantial rise of approximately 40.77%, reflecting strong long-term confidence. Year-to-date, COTIBTC has steadily appreciated by around 10.91%, 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 0.99971.
- Momentum score is -0.19027.
COTI BTC Technical Analysis
COTI Trading Volume:
The trading volume for COTI (COTI) over the past 24 hours has been insignificant, with approximately 801,798.00 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 low zone, around 42.92394. This suggests that COTI is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge potential headwinds for COTI (COTIBTC) at 1.83e-06 BTC through bearish technical analysis, featuring weakened support and cautionary indicators.
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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.