{"id":483933,"date":"2024-02-27T12:03:53","date_gmt":"2024-02-27T12:03:53","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=483933"},"modified":"2024-02-27T12:03:53","modified_gmt":"2024-02-27T12:03:53","slug":"coti-price-prediction-coti-skyrockets-330-in-a-month-as-this-ai-blockchain-presale-charges-towards-1-5-million","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/coti-price-prediction-coti-skyrockets-330-in-a-month-as-this-ai-blockchain-presale-charges-towards-1-5-million","title":{"rendered":"COTI Price Prediction: COTI Skyrockets 330% In A Month As This AI Blockchain Presale Charges Towards $1.5 Million"},"content":{"rendered":"

The COTI price <\/span>pumped<\/span><\/a> more than 330% in the past month to trade at $0.2405 as of 2:25 a.m. EST as investors bet big on the altcoin’s prospects. <\/span><\/p>\n

The COTI Price Falls Out Of A Bullish Channel And Tests Support <\/span><\/h2>\n

\"BINANCE:COTIUSDT<\/p>\n

4-hour chart for COTI\/USDT (Source: <\/span>TradingView<\/span><\/a>)<\/span><\/p>\n

The <\/span>COTI<\/span><\/a> price printed a series of higher highs and higher lows on its 4-hour chart over the past couple of days, resulting in the formation of a positive price channel. However, the altcoin has broken below the lower boundary of this channel at the start of today’s trading session. As a result, the crypto is resting on the $0.23780 support level. <\/span><\/p>\n

Should the COTI price drop below this key support, it may be at risk of testing the subsequent mark at $0.19410 in the following 24 hours. Continued sell pressure at this point could then pull it down to $0.14548, with an extremely bearish scenario potentially leading to COTI falling to as low as $0.10827 in the short term.<\/span><\/p>\n

This bearish thesis could be invalidated if the COTI price manages to close a 4-hour candle back within the positive price channel in the next 12 hours. In this alternative scenario, the crypto may resume its climb.<\/span><\/p>\n

The COTI Price May Drop Some More As Bearish Technical Flags Emerge<\/span><\/h2>\n

Technical indicators on <\/span>COTI’s<\/span><\/a> 4-hour chart suggest the crypto may correct in the next 48 hours. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are flagging bearish.<\/span><\/p>\n

The RSI line broke below its Simple Moving Average (SMA) line in the past 24 hours, and has since been breaking away below the SMA line. This signals that sellers have taken back control from buyers, as well as a continued reduction in bulls’ strength. There is still room for the COTI price to drop before it enters oversold territory as well, since the RSI is situated at just under 70.<\/span><\/p>\n

Meanwhile, the MACD indicator is on the verge of triggering a significant bearish technical flag, as the MACD line falls towards the MACD Signal line. These two lines intersecting in the next 24 hours could be a sign of COTI’s positive trend undergoing a bearish reversal.<\/span><\/p>\n

While The COTI price remains at risk of potentially losing a key support level, <\/span>eTukTuk<\/span><\/a> is making substantial strides in the crypto market as its presale races towards $1.5 million.<\/span><\/p>\n

A Framework For Electric Vehicles<\/span><\/h2>\n

eTukTuk is an AI-powered blockchain infrastructure project that aims to reduce global carbon emissions through its green AI technology.  To achieve its goal, the project introduces an electric version of the three-wheeler taxi known as the tuktuk. This is a popular mode of transport in highly-populated developing countries such as Bangladesh and Pakistan, which gives eTukTuk access to a large potential user base from the get-go.<\/span><\/p>\n

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eTukTuk is the world's first #blockchain<\/a> project to revolutionise one of the world’s most popular forms of transportation. 🔋🛺<\/p>\n

We are replacing dirty, petrol-powered TukTuk bikes with clean, electric-powered TukTuks in places where people need them the most. 🌏#RealFi<\/a> pic.twitter.com\/pUgbqovLk8<\/a><\/p>\n

— eTukTuk (@eTukTukio) July 26, 2022<\/a><\/p><\/blockquote>\n