- COTI forms a falling wedge structure with $0.048 acting as a strong support area for buyers.
- Rising trading volume and a higher long-term structure signal accumulation and buying momentum.
- Breakout targets range from $0.057 to $0.130, aligned with historical resistance and volume clusters.
COTI is showing early signs of a potential breakout as price compression within a falling wedge coincides with renewed buying activity. With sellers losing momentum and volume steadily rising, traders are closely monitoring whether the token can build toward higher resistance levels.
Falling Wedge Compression and Buyer Activity
Jonathan Carter (@JohncyCrypto) noted that COTI has been testing the lower wedge support near $0.048, where buyers continue stepping in with conviction. The falling wedge has dominated price action for months, creating lower highs while compressing into a tighter range. Such structures often develop into breakout setups once sellers are exhausted.
Each test of the $0.048 support has been met with renewed buying strength. The repeated rebounds at this level suggest an accumulation phase, with traders viewing this zone as a value entry point. Volume data supports this thesis, with gradual increases recorded during rebounds, signaling persistent demand.
Momentum indicators add to the picture of stabilization. The RSI hovers around neutral levels, reflecting slowing downside pressure and setting the stage for potential strength once resistance is breached. This technical backdrop suggests that market participants are preparing for an expansion phase.
Breakout Levels and Projected Targets
According to Carter, wedge tightening combined with stronger buying activity points toward an upcoming breakout. The initial price target is $0.057, the first key resistance above the wedge. Sustained buying could lift the token further toward $0.069 and $0.078, levels tied to past retracements.
The chart structure also shows extended targets at $0.090 and $0.105. These align with clusters of historical trading activity, making them likely checkpoints if momentum holds. The final projected upside from this setup is $0.130, positioned near the upper resistance zone.
This target progression offers a clear roadmap for traders, balancing short-term thresholds with longer-term possibilities. Each stage of the rally will require confirmation through volume expansion and sustained buyer participation.
Market Activity and Short-Term Outlook
Beyond the technical setup, as of writing, market data shows COTI trading at $0.05252, marking a 6.23% gain over the past day. Its market cap has risen to $123.13 million, reflecting a 6.31% increase alongside a sharp 42.38% rise in daily volume to $8.86 million.
The volume-to-market cap ratio stands at 7.19%, signaling strong liquidity relative to valuation. Circulating supply is at 2.34 billion COTI, matching the total supply, with a maximum supply cap of 4.91 billion tokens. This balance suggests that future issuance remains a factor but is currently manageable.
COTI’s community base, with 43.57K holders, continues to provide stability as price action strengthens. The recent rebound from $0.04937 reinforces buyer commitment, with intraday movements pushing the token firmly above $0.052. This aligns with the technical roadmap and keeps attention fixed on the breakout zone ahead.
