- COTI breaks out of a year-long descending trendline, signaling a possible 2x rally in the short term.
- Market volume surges over 7000% as traders show renewed confidence through higher long ratios.
- Data shows sustained accumulation with long positions outpacing shorts across top exchanges.
COTI is already in an aggressive recovery mode after making a decisive breakout of its long-term trendline. The derivatives and technical indicators are trading towards greater bullish action and traders expect the markets to continue their upward trend as more people enter the markets.
Major Trendline Breakout Sparks Technical Reversal
Captain Faibik (@CryptoFaibik) has drawn attention to an emerging setup on COTI/USDT, describing it as a “Major Trendline Breakout” with expectations of a “2x bullish rally in the coming days.” The daily chart shown alongside indicates a steep burst out beyond an over-a-year long moving downward resistance indicating that COTI is moving into a new structure.
Trend indicates that the movement is a typical downward breakout showing the shift between long-term negative mood to a new upwards trend. Since early 2023, COTI had remained confined beneath a steep declining line, producing successive lower highs. The recent strong candle, backed by volume expansion, confirms the breakout’s authenticity and indicates that prior selling pressure has largely been absorbed by accumulation demand.
Technical projections align with Captain Faibik’s 2x forecast, placing the short-term target around $0.075–$0.080 and a secondary zone near $0.18–$0.20. These levels correspond with historical supply areas that could attract additional liquidity once upward momentum consolidates. The breakout also forms a new support at the $0.045-0.048 and this is the structural floor where continuation is made.
Rising Volume and Healthy Consolidation
Following the breakout, COTI’s price climbed from approximately $0.034-$0.060, marking a 76% intraday increase. The asset currently trades around $0.0505 after a brief retracement, forming a constructive consolidation phase above the previous resistance line. Such price behavior is typical of assets stabilizing after a strong impulsive wave.
Over the last 24 hours, COTI recorded a 43% gain, accompanied by a dramatic spike in activity. Binance alone registered over $328 million in trading volume—a rise exceeding 7000%. This surge suggests that momentum traders and algorithms entered aggressively following confirmation of the breakout, validating the renewed market appetite for risk assets within the mid-cap sector.
The ability of COTI to sustain above $0.045 is viewed as critical to preserving the bullish structure. As long as this support remains intact, traders anticipate continued movement toward higher resistance levels identified in Faibik’s projection.
Derivatives Data Reinforces Bullish Sentiment
CoinGlass derivatives data further supports the bullish setup. The Binance COTI/USDT long/short ratio currently stands at 1.0483 for all accounts and 1.2095 for top traders, indicating stronger positioning from professional participants. Elevated long exposure from leading accounts often reflects confidence in sustained price expansion.
During the breakout, short liquidations totaled approximately $261.68K, triggering a cascade that accelerated price recovery. Long positions remain dominant across exchanges, suggesting that the market is positioning for continuation rather than correction.
Performance metrics show COTI advancing +45.31% over seven days and +32.06% in thirty days, while the year-to-date decline of -58.96% underscores the room available for recovery. With momentum expanding, rising volume, and confirmation of trendline breakout, COTI’s short-term structure signals the potential for further price discovery.
