COTI Breaks Out of Falling Wedge, Targets 33% Surge Toward $0.1174

COTI has broken out of a falling wedge on the daily chart, confirming a structural shift in price direction.

A measured move projects a potential 33.59% gain, setting a technical target near $0.1174 based on wedge height.

Price now trades between strong support at $0.06273 and resistance at $0.06753, indicating a well-defined short-term range.

COTI has broken above a descending wedge pattern on the daily chart, indicating a major structural change in its recent price behavior. As of July 23, 2025, the asset trades at $0.06673 after climbing 2.8% over the past 24 hours. The price move positions COTI just below a visible resistance level at $0.06753. Trading activity also shows a gradual shift upward after the breakout and retest of the upper wedge boundary. The breakout level aligns closely with ongoing support at $0.06273, which has held firm throughout multiple sessions.

Structural Breakout Observed After Prolonged Downtrend

COTI had been locked within a downward-sloping wedge pattern stretching back to early December 2023. The breakout occurred near the $0.064 mark, followed by a minor retest. Price moved steadily higher, breaching the wedge’s resistance line with consistent bullish candles. The chart projection highlights a potential move of 33.59%, targeting a price near $0.1174.

This move reflects a defined structural breakout, as seen through the clean upper boundary break and follow-through volume. The price’s ability to hold above the former resistance line now defines the near-term technical outlook. Additional confirmation may be observed in sustained closes above $0.06753 in upcoming sessions.

Key Metrics Confirm Active Support Zone

The asset maintains strong support at $0.06273. This zone acted as a springboard for the breakout move earlier in the week. Current trading now oscillates between this support level and the next overhead resistance at $0.06753. The 24-hour range remains narrow, reflecting a controlled and measured advance in price.

Additionally, COTI is trading at 0.065628 BTC with an increase of 2.3 percent, as compared to Bitcoin in the said period. Against Ethereum, it has even stronger performance, as it gained 3.4 percent to 0.00001805 ETH. These relative gains support the recent price climb from a multi-week low.

Visual Projection Suggests Broader Price Target

A measured move on the chart estimates a potential rally of 33.59%, with the highlighted projection zone extending to $0.1174. The price projection is based on the full height of the wedge, applied to the breakout point. Notably, the price remains near the early stage of that measured target.

Volume has shown moderate upticks since the breakout, providing confirmation of market participation. As trading continues within this narrow band, attention now focuses on the behavior near the $0.06753 resistance zone.