COTI Market Overview: 24-Hour Summary for 2025-08-21

• COTIUSDT opened at $0.05325 and closed at $0.05259 with a 1.24% bearish bias over 24 hours.
• A sharp 9.4% bearish swing from $0.05464 to $0.05259 signaled strong selling pressure after 19:45 ET.
• Volume spiked 13.5x during the $0.05464–$0.05359 decline, confirming bearish momentum.
• RSI hit oversold territory near 30, suggesting potential near-term support at $0.0526.
• Bollinger Bands show a reversion to the mean with price trading near the lower band at 0.0526.

COTIUSDT opened at $0.05325 on 2025-08-20 at 12:00 ET and closed at $0.05259 on 2025-08-21 at 12:00 ET, reaching a high of $0.05464 and a low of $0.05259. Total 24-hour volume was 16,628,160.0 and notional turnover was approximately $878,730 (based on average price of $0.053).

Structure & Formations

COTIUSDT formed a bearish engulfing pattern at 0.0542–0.05409 (00:30 ET–00:45 ET) and a hammer at 0.05306–0.05312 (12:30 ET–12:45 ET), suggesting potential reversal cues. Key support appears to be forming at the $0.0526–$0.0528 level, which saw multiple bounces during the session. The $0.0540–$0.0546 zone, however, remains a critical resistance area.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA in the late hours of 2025-08-20, forming a death cross that confirmed bearish momentum. Daily MAs (50/100/200) suggest COTI remains below long-term bullish trend lines, with no immediate signs of retesting key moving averages.

MACD & RSI

MACD showed a bearish crossover in late ET hours, with the histogram contracting into negative territory. RSI dropped to 29 by 12:00 ET, indicating oversold conditions, though without a clear bullish divergence. The combination of low RSI and bearish MACD suggests price could consolidate near $0.0526–$0.0528 before any meaningful rebound.

Bollinger Bands

Price closed near the lower Bollinger Band at $0.0526, suggesting potential for a mean reversion to the 20-period SMA. Volatility expanded during the $0.05464–$0.05259 move, indicating a breakout of a consolidation range, but no strong contraction was observed that would signal a high-probability reversal event.

Volume & Turnover

Volume surged to 1.6M at 15:15 ET–15:30 ET, coinciding with the price drop from $0.05308 to $0.05268. Notional turnover increased proportionally, confirming the bearish move. However, volume during the final hours was relatively low, suggesting weak conviction from buyers at current levels.

Fibonacci Retracements

Key 15-minute retracement levels were marked at 38.2% ($0.0536), 50% ($0.0533), and 61.8% ($0.0531). The $0.0531 level served as a minor floor before the final leg down. Daily retracement levels (from $0.05464 to $0.05259) suggest $0.0536 as a potential resistance and $0.0527 as a likely support in the short term.

Over the next 24 hours, COTI could test $0.0526 as a critical support level, with a break below that risking a retest of $0.0525. A rebound above $0.0530 may attract short-covering buyers, but broader market conditions and overall bearish sentiment remain key risks. Investors should watch for volume divergence on any attempted rally.