COTI Market Overview - July 16, 2025

COTI (COTIUSDT) closed the 24-hour period ending at 12:00 ET on July 16 at $0.05713, down from an open of $0.05466. The coin reached a high of $0.05826 and a low of $0.05429, with total volume of ~25.3 million units and turnover of $4,624.

Summary

• Price tested $0.0582 resistance before pulling back, forming a bearish reversal.
• Bullish engulfing candle at $0.05718 on July 16 11:45 ET confirmed short-term buying.
• Volume spiked to 1.94 million units during the $0.05826 high, validating upward momentum.

Structure & Formations

COTIUSDT faced resistance at $0.0582 (July 16’s high) and support at $0.0550–$0.0555, tested multiple times over the period. A bearish reversal pattern emerged after the $0.0582 peak, with a large-volume drop on July 16 15:45 ET. A bullish engulfing candle at $0.05718 (July 16 11:45 ET) suggested short-term buying pressure, but subsequent price action showed conflicting momentum.

Moving Averages

The 20-period MA (15-min chart) hovered near $0.0570, while the 50-period MA lagged at $0.0565. The price closed above both averages, signaling neutral-to-bullish alignment.

MACD & RSI

The MACD line crossed above its signal line on July 16 11:45 ET, aligning with the bullish engulfing candle. RSI briefly entered overbought territory (near 70) at $0.0582 but retreated to neutral levels (~60), suggesting no extreme overextension.

Bollinger Bands

Price touched the upper band during the $0.0582 high, signaling volatility expansion. A contraction occurred during the pullback, with price settling near the middle band.

Volume & Turnover

Volume surged to 1.94 million units at the $0.0582 peak, confirming upward momentum. A subsequent spike to 1.75 million units during the July 16 15:45 ET drop indicated bearish pressure. Turnover remained low, with no notable divergence between price and volume.

Fibonacci Retracements

A 38.2% retracement from the $0.05429 low to $0.05826 high aligns with $0.0567 support, while 61.8% resistance sits near $0.0555.

Outlook & Risk

COTI may retest $0.0582 resistance if buyers reclaim $0.0575, but a sustained breach of $0.0555 support could open a deeper correction. Traders should monitor volume confirmation and MACD crossovers for clarity. Risks include a retrace to $0.05429 if bearish pressure persists.

Market dynamics may shift rapidly; always consider risk management.