In this COTI technical analysis, we will examine the current price action, trading volume, key levels and indicators for COTI-USDT. Sure, here are three sentences about COTI (COTI) cryptocurrency: COTI is a decentralized finance (DeFi) platform that leverages blockchain technology to provide a suite of financial services, including lending, borrowing, and trading. With its native cryptocurrency, COTI Coin, users can access these services with ease and security. By utilizing smart contracts and decentralized governance, COTI aims to create a more transparent and inclusive financial system for all users.
COTI Price Overview:
As of October 03, 2023, COTI is trading at approximately 0.0412 USDT. Let’s dive into the detailed price action for COTI-USDT:
- Open (O): The opening price for today’s trading session was approximately 0.0411 USDT.
- High (H): COTI reached a daily high of around 0.0419 USDT.
- Low (L): The daily low for COTI-USDT was approximately 0.0409 USDT.
- Close (C): At the time of analysis, COTI is trading near its daily close of 0.0412 USDT.
|1D Change (%)||0.24%|
|3D Change (%)||1.48%|
|7D Change (%)||-4.63%|
|30D Change (%)||8.99%|
|90D Change (%)||-21.22%|
|YTD Change (%)||-23.13%|
Over the past three days, COTIUSDT has risen by approximately 1.48%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -4.63%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with COTIUSDT maintaining an upward trend of approximately 8.99%, despite intermittent fluctuations. Examining the last 90 days, COTIUSDT has witnessed substantial decrease of approximately -21.22%, reflecting strong long-term confidence. Year-to-date, COTIUSDT has steadily depreciated by around -23.13%, 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-USDT 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 0.54416.
- Momentum score is 0.08995.
COTI USDT Technical Analysis
COTI Trading Volume:
The trading volume for COTI (COTI) over the past 24 hours has been significant, with approximately 23,917,335.00 USDT traded against COTI. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
- 50-day Simple Moving Average (SMA): COTI is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): COTI is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for COTI-USDT is currently in the neutral zone, around 47.18561. This suggests that COTI is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
COTI (COTI-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and significant 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.