Key Indicators Signal Bullish Outlook for COTI
- •COTI has broken out of a year-long descending trendline, suggesting a potential doubling of its value in the short term.
- •Market volume has surged by over 7000%, indicating renewed trader confidence through higher long ratios.
- •Data shows sustained accumulation, with long positions consistently outnumbering short positions across major exchanges.
COTI is currently in an aggressive recovery mode following a decisive breakout from its long-term trendline. Derivatives and technical indicators are showing increasing bullish action, and traders anticipate the market will continue its upward trend as more participants enter.
Major Trendline Breakout Sparks Technical Reversal
Crypto analyst Captain Faibik (@CryptoFaibik) has highlighted an emerging setup on COTI/USDT, describing it as a "Major Trendline Breakout" with expectations of a "2x bullish rally in the coming days." The accompanying daily chart illustrates a significant surge beyond a downward resistance trendline that has been in place for over a year, indicating that COTI is transitioning into a new market structure.
This trend movement signifies a typical downward breakout, demonstrating a shift from a prolonged negative sentiment to a new upward trajectory. Since early 2023, COTI had been trading below a steep declining line, consistently forming lower highs. The recent strong candle, supported by an increase in volume, validates the breakout and suggests that prior selling pressure has been largely absorbed by accumulation demand.
Technical projections align with Captain Faibik’s forecast of a 2x rally, setting short-term targets between $0.075–$0.080 and a secondary zone near $0.18–$0.20. These levels correspond with historical supply areas that could attract additional liquidity once upward momentum consolidates. The breakout has also established a new support level at $0.045-$0.048, which serves as the structural floor for continued upward movement.
Rising Volume and Healthy Consolidation
Following the breakout, COTI's price increased from approximately $0.034 to $0.060, representing a 76% intraday gain. The asset is currently trading around $0.0505 after a minor retracement, forming a constructive consolidation phase above the previous resistance line. This price action is characteristic of assets stabilizing after a strong impulsive wave.
In the last 24 hours, COTI has gained 43%, accompanied by a significant spike in trading activity. On Binance alone, trading volume exceeded $328 million, an increase of over 7000%. This surge indicates aggressive entry by momentum traders and algorithms following the breakout confirmation, validating the renewed market appetite for mid-cap risk assets.
COTI's ability to sustain its price above $0.045 is considered crucial for maintaining the bullish structure. As long as this support level holds, traders anticipate continued movement towards the higher resistance levels identified in Faibik’s projections.
Derivatives Data Reinforces Bullish Sentiment
Derivatives data from CoinGlass further supports the bullish outlook for COTI. The Binance COTI/USDT long/short ratio currently stands at 1.0483 for all accounts and 1.2095 for top traders, indicating stronger positioning from professional participants. Elevated long exposure from leading accounts often reflects confidence in sustained price expansion.
During the breakout, short liquidations amounted to approximately $261.68K, triggering a cascade that accelerated the price recovery. Long positions remain dominant across exchanges, suggesting that the market is positioning for continuation rather than a correction.
Performance metrics show COTI advancing +45.31% over the past seven days and +32.06% over the last thirty days. The year-to-date decline of -58.96% highlights the significant room available for recovery. With expanding momentum, rising volume, and confirmed trendline breakout, COTI’s short-term structure indicates the potential for further price discovery.