On the Daily TF, COTI has been trading in a Descending Channel formation with the upper and middle bands present at $0.325 and $0.14. In addition, it is poised to make a Golden Crossover in the coming sessions, indicating that momentum is most likely to continue. Also, the Weekly is also indicating a bullish crossover in the next couple of days which also backs our positive outlook on COTI.
On the higher side, the immediate resistance is placed at $0.332, once we get a decisive closing above this level, it will be a channel breakout for the first target of $0.42 followed by the next target of $0.50. On the lower side, the supports are present at $0.28 followed by $0.24.