1. Price Action:

COS/USDT has shown a strong rally from 0.006089 to 0.016990.

However, following this rise, the price has entered a downtrend and seems to have found support in the 0.007 area.

2. Moving Averages (MA):

MA(7), MA(25) and MA(99) levels are 0.009459, 0.009041 and 0.009179 respectively.

The price is currently below these moving averages, which could be a weak trend signal in the short term.

3. MACD:

The MACD line (DIF) is below the signal line (DEA), indicating weak momentum.

The histogram is in the negative zone and the red bars continue, indicating that the downtrend may still be active.$COS