COTI has been moving along the downward resistance line since March 8, a day when the token was at an all-time high of $0.60. The market eventually hit a low of $0.088 on July 20.
? Since then, COTI started rising and made a bullish break of the downward resistance line on August 20. On September 7, the price turned it into support and resumed rising, renewing its historical high on September 23.
? Now the market is trying to turn $0.48 area into support. If it succeeds, we will get confirmation that the bullish price structure remains in force.
? RSI and MACD indicators are rising, supporting the bullish trend. In addition, the supertrend line is showing a bullish bias (green line).