The Coti price began with the monthly trade on a bullish note. And despite suffering huge loss, underwent a ‘V-shape’ recovery to regain the lost levels. Currently, the COTI price is attempting to undergo a similar recovery and could continue surging within the same path until it surges beyond $0.3. However, regaining the levels around $0.32 may confirm the double bottom pattern. This may in turn ignite another gigantic rally to test $0.4 to $0.45 levels by the end of April 2022.
The start of the yearly trade was a continuity of the descending trend initiated after smashing the highs in Q4 2021. After a pretty long time, the COTI token underwent a parabolic recovery in the mid of February. However, currently, the price is consolidating just below $0.3, but a breakout from these levels may enable a monthly close at $0.4 levels.
Continuing with the bullish trend, the price may end the Q2 trade above $0.5 and continue testing a higher target to reach $1 by the end of 2022. However, price zones around $0.7 are pretty crucial and hence a huge sell-off is expected at these levels. Therefore, if the asset rebounds with enough bullish momentum, it may close the yearly trade an inch below $1.
|Date||All-Time High||All-Time Low||Market Capitalization|
|08 April 2022||$ 0.32||$ 0.27||$ 301.35M|
|07 April 2022||$ 0.30||$ 0.26||$ 314.02M|
|06 April 2022||$ 0.34||$ 0.26||$ 285.89M|
|05 April 2022||$ 0.33||$ 0.30||$ 341.26M|
|04 April 2022||$ 0.32||$ 0.27||$ 314.32M|
|03 April 2022||$ 0.29||$ 0.27||$ 294.10M|
|02 April 2022||$ 0.28||$ 0.25||$ 295.04M|
Coti (COTI) & Nano (XNO) both are popular blockchains mainly focused on payments gateway. Both the asset maintained an average trend until the mid of March, post to which XNO price decoupled and surged drastically. However, COTI price too followed but remained slightly lower than that of XNO. After multiple surges and plunges, currently, COTI/USDT & XNO/USDT rallies traders very close to each other. While Coti is around 31.21% above the average levels, Nano is 28.5% higher.
The COTI paired with USDT and BTC after displaying equal strength decoupled during the mid of March. The USDT pair displayed an intensified bullish tendency which kept up the rally above the BTC pair. However, both faced an equal price slash and also recovered with equal intensity. Currently, COTI/USDT is 37.36% above the average line after dropping from 60%. Whereas, the COTI/BTC is around 26.53% above post to a drop from 36%.
Additional Read: What is COTI?
Coti Launches a $10 Million Fund
The Coti blockchain recently launched COTI Ventures to attract investments and capitalization to back its ecosystem.
Coti & Minswap to Explore Integration of Djed Stablecoin
Coti & Minswap together are exploring the ways to implement Djed, an algorithmic crypto-backed stable coin on Minswap DEX.
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