- •$COTI confirms breakout above long-term downtrend line, establishing bullish structure with the trend line now positioned as potential support.
- •Price action shows nearly 94.65% upside target, with strong upward acceleration indicating possible continuation of bullish movement in daily timeframe.
- •Traders monitor breakout volume and resistance zones closely, as strong buying pressure could reinforce momentum while retracements may offer entry opportunities.
$COTI has confirmed an upside breakout above a major trend line on the daily timeframe, shifting sentiment toward bullish momentum. The move establishes new technical conditions that traders are closely monitoring for potential continuation.
Breakout Confirms Shift in Market Direction
Analyst Clifton Fx reported that $COTI successfully broke through a long-term downtrend line. The breakout marks a change in behavior, as the resistance level that had previously capped advances has now been surpassed.
The daily timeframe chart shows a decisive move above this barrier, suggesting buyers are strengthening control. Traders now consider this event a confirmation of a possible reversal from prior bearish structure toward bullish orientation.
With the breakout confirmed, market attention is turning toward price action stability. The breached trend line may now act as support if retested in future sessions.
Rally Potential and Price Projections
Following the breakout, the $COTI chart indicates strong upward acceleration, with bullish pressure driving price movement higher. The momentum suggests buyers are reacting decisively to the new technical structure.
According to the analysis, the current target range implies a potential gain of nearly 94.65%. If this target is reached, the move would represent a substantial rally within the prevailing cycle.
Traders are also monitoring for possible retracements toward the trend line. Such pullbacks could provide opportunities for new positioning if the level successfully holds as support.
Volume and Resistance Levels in Focus
Volume during the breakout is a key measure of strength. Sustained high activity would confirm conviction among buyers and reinforce expectations of further progress. Conversely, weaker participation could limit momentum.
Future resistance zones remain an essential factor to observe. How price responds when approaching these levels will provide signals regarding trend sustainability.
Clifton Fx emphasized that monitoring upcoming sessions is critical. The breakout presents bullish structure, but continuation depends on volume patterns and resistance reactions. Traders remain alert to both upward potential and corrective moves.