COTI Breaks Key Trendline – Can It Deliver a 2x Bullish Rally as Analysts Are Predicting?
- COTI broke a long-term descending trendline, retested support, and targets $0.11, reflecting strong technical bullish momentum.
- Depth chart shows 3.38 million buy orders versus 332,000 sell orders, highlighting heavy accumulation and active market participation.
- Market cap surged from $90 million to $155 million as trading volume remained high, confirming short-term investor interest.
COTI is sparking strong bullish momentum after breaking a major descending trendline . The surge is backed by heavy buy orders and rising market cap, which is drawing renewed attention from investors.
Technical Breakout Signals Potential Rally
COTI recently broke a major descending trendline that had kept its price under pressure for months. This trendline formed a series of lower highs and lower lows as the breakout saw a shift in momentum to renewed buying interest.
After the move, COTI retested the trendline, turning the old resistance into a new support level.COTI is trading around $0.055, and analysts are projecting a potential doubling rise toward $0.11,if bullish momentum continues.
Crypto analyst Captain Faibik shared views about the breakout, describing a possible 2x bullish rally in the coming days. The chart displays green projection zones indicating upside potential. Observers note that volume and market sentiment will be key factors to watch.
Strong Market Depth Buying Pressure
The COTI/USDT depth chart shows a notable imbalance between buy and sell orders. Bids are now total to around 3.38 million units, while asks amount to approximately 332,000 units.
This difference shows strong demand around the $0.0493 price level. Buyers are actively placing orders just below the market price, building solid support and thick liquidity.
Sell-side volume is relatively limited, which could allow further upward price movement. The narrow spread indicates active trading and strong market engagement.
This depth chart reflects accumulation behavior, with buyers dominating the order book. Traders may interpret this as an opportunity for continued upside if buying pressure remains steady. The chart shows a concentrated area of support forming near current levels.
Altcoin Market Performance and Market Cap Movement
COTI ranks among the top gainers in the cryptocurrency market, with a 39.2% gain and $206 million in trading volume. Other high performers include Junction (JCT) and Starknet (STRK), showing strong short-term momentum.
COTI’s market cap jumped from $90 million to nearly $155 million, then settled around $120 million according to CoinGecko data.This is a reflection of active trading and profit-taking by investors.
Strong technical breakouts, high buy-side orders, and heavy trading volumes are pointing to continued short-term bullish momentum for the coin.
