The $COTI /USDT pair is currently trading at $0.11805, showing a significant decrease of 8.52% today. The daily trading range is relatively narrow, with a high of $0.12904 and a low of $0.11645, pointing towards volatility within a tight range.

The chart depicts a sharp decline from the recent high of $0.12945, with the price exhibiting a bearish trend as it made lower highs and lower lows. The price seems to have found some temporary stability around $0.11805, but the overall market sentiment remains bearish, suggesting potential further downside if the support at $0.11645 is broken.

Traders should keep an eye on the $0.11645 level for potential breakdowns which could signal further declines. Conversely, any reversal and hold above this level might indicate a temporary bottom, providing opportunities for short-term bullish plays towards resistance levels at $0.12533 and possibly higher if momentum shifts. As always, maintaining tight stop losses is crucial to manage potential risks associated with volatility.

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