【See Decline】
COTI is currently quoted at 0.0181. Over the past 24 hours it is down 4.29%. In 7 days it is still up 13.07%. The intraday range is 0.0170–0.0195, with a volatility of 14.6%.
【Market View】
COTI is down 4.29% over the last 24 hours. After rebounding to around 0.0195, it was pushed back down again, and there is a high density of trapped supply above.
The support at 0.0170 hasn’t been tested with real buying/selling yet, so confidence is insufficient.
Over the same period, the overall market is up +0.02%, but COTI is down 4.29%, underperforming the market average level.
In the short term, the bias is bearish.
【Bearish Rationale】
The weekly red candle of 13.07% failed to hold. The single-day pullback of 4.29% indicates that profit-taking has begun.
The focal point below 0.0195 continues to shift downward, and we haven’t seen any solid rebound/consolidation yet in the short term.
With the bearish order book structure, rebounds are likely to be choppy and repeated—don’t put too heavy a position on.
For trading, treat 0.0195 as the rebound resistance level, and 0.0170 as the next observation point.
$COTI #COTI
COTI is currently quoted at 0.0181. Over the past 24 hours it is down 4.29%. In 7 days it is still up 13.07%. The intraday range is 0.0170–0.0195, with a volatility of 14.6%.
【Market View】
COTI is down 4.29% over the last 24 hours. After rebounding to around 0.0195, it was pushed back down again, and there is a high density of trapped supply above.
The support at 0.0170 hasn’t been tested with real buying/selling yet, so confidence is insufficient.
Over the same period, the overall market is up +0.02%, but COTI is down 4.29%, underperforming the market average level.
In the short term, the bias is bearish.
【Bearish Rationale】
The weekly red candle of 13.07% failed to hold. The single-day pullback of 4.29% indicates that profit-taking has begun.
The focal point below 0.0195 continues to shift downward, and we haven’t seen any solid rebound/consolidation yet in the short term.
With the bearish order book structure, rebounds are likely to be choppy and repeated—don’t put too heavy a position on.
For trading, treat 0.0195 as the rebound resistance level, and 0.0170 as the next observation point.
$COTI #COTI
