The $COTI /USDT chart shows a substantial upward movement, with the price surging from around $0.10523 to a peak of $0.13248. This represents a 17.73% gain within the 4-hour timeframe, indicating strong buying interest and bullish momentum. The current price of $0.12567 reflects that the price has pulled back slightly from its high, but it remains within an elevated range, suggesting that buyers are still in control.
The resistance level at $0.13248, which is the recent high, will be critical moving forward. A break above this level could open the door to further gains, possibly pushing COTI towards higher levels. On the downside, the nearest support is around $0.12162, where the price might find stability in case of a pullback. This level should be watched closely for any signs of weakness or reversal.
For traders looking to enter, a breakout above $0.13248 with strong volume would be an opportunity to go long. However, if the price pulls back to the $0.12162 support level, it could present a more conservative entry point. In both cases, placing stop-loss orders below key support levels will help manage risk and protect against potential volatility.
$COTI $BNB #BTCâ #NeiroOnBinance #BinanceLaunchpoolHMSTR #USRetailSalesRise #BinanceLaunchpoolCATI
