📍 Current Price Position – On Top of Historical Support!
The COTI/USDT pair is currently testing a crucial support zone between $0.0400 – $0.0517, which has been a key demand zone since early 2021. This isn't just any support — it's a macro psychological area that has repeatedly triggered strong reversals in the past.
We are at a make-or-break level, where the next move could define the mid-term trend.
---
🧩 Price Structure and Pattern
📐 The chart shows a descending triangle pattern with:
Consistently lower highs (marked by the downward yellow trendline),
Flat horizontal base around the major support zone.
This pattern can result in:
A powerful breakout if the trendline is broken, or
A sharp breakdown if the horizontal support fails.
---
📈 Bullish Scenario: Reversal Momentum Building?
If price:
Breaks above the descending trendline (~$0.0719), and
Closes a weekly candle above that resistance zone,
➡️ We could see a breakout move with targets at:
Resistance Level Target
Initial Target $0.1116
Mid-Term Target $0.1863
Strong Zone $0.2446 – $0.2861
Long-Term Bullish $0.35 – $0.4169
📌 A confirmed higher high and higher low structure above $0.11 would strengthen the bullish case.
---
📉 Bearish Scenario: Breakdown from Support
If:
Price fails to hold the $0.0517 – $0.0400 support area,
and prints a weekly close below this zone,
➡️ The next bearish targets could be:
Support Level Target
First Support $0.0260
Psychological Level $0.0200
Extreme Panic Zone $0.0150 – $0.0100
⚠️ This would indicate a capitulation phase, likely to trigger panic selling and deeper lows.
---
🧠 Strategy Notes for Traders
✅ For Position Traders:
The $0.040 – $0.0517 area is a prime watch zone for reversal setups with tight stop-loss below $0.040.
Excellent Risk:Reward potential if reversal confirms.
✅ For Swing Traders:
Breakout above the trendline offers a solid entry signal.
Targets up to $0.1863 look achievable with strong volume.
✅ For Conservative Traders:
Wait for breakout + retest confirmation before entering.
Avoid FOMO — let the weekly candle close guide your decision.
---
⚡️ Final Takeaway
> COTI/USDT is at a tipping point!
This long-standing support is the last line of defense for the bulls. A breakout can trigger a macro trend reversal, while a breakdown will extend the downtrend and invite heavier selling pressure.
Watch for the weekly close, trendline reaction, and volume behavior — the next major move is likely just around the corner.
#COTI #COTIUSDT #CryptoAnalysis #AltcoinWatch #DescendingTriangle #BreakoutTrading #SupportAndResistance #PriceAction #ChartPattern #WeeklyAnalysis
The COTI/USDT pair is currently testing a crucial support zone between $0.0400 – $0.0517, which has been a key demand zone since early 2021. This isn't just any support — it's a macro psychological area that has repeatedly triggered strong reversals in the past.
We are at a make-or-break level, where the next move could define the mid-term trend.
---
🧩 Price Structure and Pattern
📐 The chart shows a descending triangle pattern with:
Consistently lower highs (marked by the downward yellow trendline),
Flat horizontal base around the major support zone.
This pattern can result in:
A powerful breakout if the trendline is broken, or
A sharp breakdown if the horizontal support fails.
---
📈 Bullish Scenario: Reversal Momentum Building?
If price:
Breaks above the descending trendline (~$0.0719), and
Closes a weekly candle above that resistance zone,
➡️ We could see a breakout move with targets at:
Resistance Level Target
Initial Target $0.1116
Mid-Term Target $0.1863
Strong Zone $0.2446 – $0.2861
Long-Term Bullish $0.35 – $0.4169
📌 A confirmed higher high and higher low structure above $0.11 would strengthen the bullish case.
---
📉 Bearish Scenario: Breakdown from Support
If:
Price fails to hold the $0.0517 – $0.0400 support area,
and prints a weekly close below this zone,
➡️ The next bearish targets could be:
Support Level Target
First Support $0.0260
Psychological Level $0.0200
Extreme Panic Zone $0.0150 – $0.0100
⚠️ This would indicate a capitulation phase, likely to trigger panic selling and deeper lows.
---
🧠 Strategy Notes for Traders
✅ For Position Traders:
The $0.040 – $0.0517 area is a prime watch zone for reversal setups with tight stop-loss below $0.040.
Excellent Risk:Reward potential if reversal confirms.
✅ For Swing Traders:
Breakout above the trendline offers a solid entry signal.
Targets up to $0.1863 look achievable with strong volume.
✅ For Conservative Traders:
Wait for breakout + retest confirmation before entering.
Avoid FOMO — let the weekly candle close guide your decision.
---
⚡️ Final Takeaway
> COTI/USDT is at a tipping point!
This long-standing support is the last line of defense for the bulls. A breakout can trigger a macro trend reversal, while a breakdown will extend the downtrend and invite heavier selling pressure.
Watch for the weekly close, trendline reaction, and volume behavior — the next major move is likely just around the corner.
#COTI #COTIUSDT #CryptoAnalysis #AltcoinWatch #DescendingTriangle #BreakoutTrading #SupportAndResistance #PriceAction #ChartPattern #WeeklyAnalysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.