COTI/USDT Break Key Level, Bullish Momentum or false breakout?

πŸ’Ž COTI has certainly piqued our interest. Having broken through a formidable resistance zone, COTI showcases potential bullish momentum, especially after spending 52 days in a sideways pattern within that range.

πŸ’Ž Currently, COTI is in a retesting phase post its breakout from the strong resistance. A bounce in this region would pave the way for a continued upward trajectory.

πŸ’Ž However, should COTI fail to maintain its position and close below the resistance zone, it might indicate a false breakout. In such a scenario, COTI could descend towards the nearby demand at $0.0415.

πŸ’Ž A bounce at this point might lead to an upward retest of the resistance due to the false breakout, only to potentially decline again towards the demand at $0.039 or even approach the robust support zone.

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