COTI PLUNGES DEEP INTO SELL OFF 📉⚠️
The $COTI token ripped through its $0.01463 support band early in the session, flipping the 4‑hour order block that anchored the recent rally 📉. Volume surged past $35 M, indicating aggressive liquidation of long positions, while the price slid from a $0.01883 high to $0.01478, carving a 19 % downside gap ⚡.
Momentum indicators have turned sharply negative; the 9‑EMA now sits below the 21‑EMA and RSI is plunging into the low‑20s, suggesting a loss of buying pressure 🛑. The breach of the lower support tests a new floor near $0.01455, and the lack of immediate demand hints at a structural weakness rather than a routine pull‑back. A further slide could test the $0.01430 cluster before any reversal breathes life into the market 📊.
The current decay suggests the market is still searching for a stable base before any credible bounce can form.
Levels to monitor:
Watching support around $0.01455
Structure suggests resistance near $0.01510
Mid range area: $0.01670
DYOR
Follow for Updates
#COTI #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The $COTI token ripped through its $0.01463 support band early in the session, flipping the 4‑hour order block that anchored the recent rally 📉. Volume surged past $35 M, indicating aggressive liquidation of long positions, while the price slid from a $0.01883 high to $0.01478, carving a 19 % downside gap ⚡.
Momentum indicators have turned sharply negative; the 9‑EMA now sits below the 21‑EMA and RSI is plunging into the low‑20s, suggesting a loss of buying pressure 🛑. The breach of the lower support tests a new floor near $0.01455, and the lack of immediate demand hints at a structural weakness rather than a routine pull‑back. A further slide could test the $0.01430 cluster before any reversal breathes life into the market 📊.
The current decay suggests the market is still searching for a stable base before any credible bounce can form.
Levels to monitor:
Watching support around $0.01455
Structure suggests resistance near $0.01510
Mid range area: $0.01670
DYOR
Follow for Updates
#COTI #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare