🚨TECHNICAL ANALYSIS OF #COTIUSD 🚨

🔥Current Market Situation

$COTI is presently compressed within the trend lines of a falling wedge pattern, indicating a potential #BullishBreakout in the near future.

🔘Potential Scenarios

🟢Bullish Breakout: If $COTI successfully breaks above the upper trend line, we could see an upward momentum.

🔴Bearish Rejection: However, if $COTI faces rejection at the upper trend line, a retest of the $0.05500 - $0.06200 range is likely.

⭕#CriticalSupport Level: Should COTI fail to rebound from $0.05500, the next critical support level to monitor is $0.036. The likelihood of a rebound from this lower support is considerably higher.

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