- COTI approaches a critical $0.065 resistance on the 4-hour chart with bullish volume momentum building.
- Breakout above resistance could open a swift rally toward $0.083, marking over 25% potential upside.
- Volume profile shows reduced supply above breakout, supporting a possible accelerated move.
COTI is approaching a decisive resistance zone on the 4-hour timeframe, with rising volume suggesting a potential breakout. Traders are closely monitoring the $0.065 level, where a successful flip to support could open a rapid move higher.
Rising Momentum Toward Resistance
The 4-hour chart shows COTI grinding upward from an early August low of $0.048, forming consistent higher lows. This steady structure reflects strong buying demand over recent sessions. The move has brought price into contact with a multi-week descending resistance line from late July.
A tweet from CryptoBull_360 noted that “#COTI is getting ready for a massive breakout from the resistance zone in 4Hr TF.” This statement points to the importance of the current setup and the market’s anticipation of a possible breakout event.
The $0.065 horizontal level coincides with both the descending trendline and the prior range top. If buyers secure a close above this price, the move could trigger a push toward $0.083.
Technical Structure and Breakout Potential
The market appears to be completing an ascending triangle formation, a pattern often linked with upward continuation. Price action has been tightening beneath resistance, with buying pressure gradually absorbing sell orders.
The Volume Profile shows a concentration of recent trading activity below current levels. This suggests reduced overhead supply, allowing a confirmed breakout to advance without heavy resistance.
CryptoBull_360 emphasized that a “strong flip off from the resistance zone will trigger massive breakout,” reinforcing the technical signal that a breakout could accelerate rapidly.
Price Levels and Risk Parameters
As of writing, COTI is trading at the price of $0.05449, a 10.17 per cent decrease in the course of the last 24 hours but an increase by 0.20 per cent in the course of the last week. Nonetheless, the structure of the 4-hour chart holds up short-term weakness on condition that support holds over $0.055.
A confirmed breakout could target the $0.083 region, representing a gain of over 25% from the breakout level. This projection aligns with the measured move from the triangle pattern.
But a Rejection below 0.055 would essentially nullify the Bullish configuration. This might have a change of tone and give a new downside pressure. Traders are therefore watching both breakout confirmation and invalidation levels closely.
