COTI Price Prediction: COTI surged 118% in a week, but this polygon-based meme coin rose by 24% in a day, and investors pledged nearly $11 million

COTI prices have surged by 1,181 TP3T in the past week, reaching $0.2202 per coin as of 3:20 a.m. EST.
In the past 24 hours, the price has dropped by nearly 5% and the trading volume has dropped by 31%. This shows that the interest in COTI is shifting.
However, to recap, the surge in COTI’s price came after the BlueBit exchange listed the COTI token, welcoming the COTI network to its spot market, paired with the Tether (USDT) stablecoin.
#BlueBit is very happy to list COTI. We welcome @COTInetwork to join our spot market and trade COTI/USDT on #BlueBit
Trading pair: COTI/USDT
Trading will open at 14:00 (UTC) on February 26, 2024
Deposits will be made on February 26, 2024 at 12:00… pic.twitter.com/slDWsDZPTl
— BlueBit.io (@Bluebit_io) February 26, 2024
The surge caught traders off guard, and investors who missed out on the rally are regretting it.
$COTI I wish I could listen to my head and do 100x longs
Well, not as accurate as 99%
It skyrocketed without my involvement
https://t.co/Q8k5Jjh7U4
pic.twitter.com/kQcwcFz2IL
— Cryptoworld $FET to $100 (@Crypto69ine) February 26, 2024
However, continuous traders can have many opportunities to short COTI price as investors have already started to take profits.
$COTI-What a beautiful sight
Great team. Great structure. Great price action.
This community is hand
2x, we just took off...
https://t.co/cehtbb9rn1
pic.twitter.com/fjo1MQ3wjX
— chirocryptø (@chirocrypto) February 25, 2024
Traders seeking to go long COTI price also have opportunities, although high risk still exists. Both perspectives are presented and detailed below.
COTI Price Prediction: Opportunities to Short or Long COTI
With the Relative Strength Index (RSI) at 90, COTI is significantly overbought. However, the trend remains generally northward, increasing the likelihood of further gains. It is worth noting that Welles Wilder, a well-known figure in the field of technical analysis, who is well-known for his work in the field of technical analysis and as the founder of several technical indicators, stated that when the RSI is about to fall below 70, the asset is considered overbought and suitable for selling.
More importantly, the spend-output-profit ratio (SOPR) of COTI price suggests that a correction may not be needed just yet. This is because the SOPR is still below 1, at 0.91, a 30-day moving average (MA). For the average person, this ratio suggests that COTI holders who are holding unrealized profits at the current COTI price have not shown any willingness to cash in on last week’s profits.
These characteristics suggest that a pullback may not occur at this time. In this regard, investors should not succumb to early profit-taking as COTI price may realize more gains. They should consider waiting for the SOPR rate to rise above 1 before shorting the market.
Both the Moving Average Convergence Divergence (MACD) and the Alarming Oscillator (AO) indicators support the above speculation. First, the MACD is moving its signal line upwards, while its histogram bars are flashing green in a large positive range. This indicates the strength of the current bull cycle. The histogram bars of the AO indicator also show the same situation.
COTI Price Target
Strengthened buyer momentum could allow COTI price to recapture the peak of $0.2497 per coin, which was Sunday’s intraday high. In a highly bullish scenario, the price of this altcoin could break through the aforementioned barrier and reach a local peak again. The next logical target for COTI would be the $0.2500 milestone.

TradingView: COTI/USDT 1-Day Chart
The opposite situation
On the other hand, the position of the RSI also puts the COTI price at high risk of correction. The fact that it has broken through the upper band of the Bollinger indicator at $0.1966 also increases the possibility of correction.
If the bears gain control, COTI price may lose immediate support due to the impending loss of support at the 78.6% Fibonacci Retracement level of $0.2055. Below this level, COTI may drop to the 61.8% Fibonacci Retracement level of $0.1708, which is the most important retracement level.
If the above levels fail to hold as support, COTI price could fall below the midline of the market range. This is marked by the 50% Fibonacci Retracement level of $0.1464. However, before the bullish view can be negated, COTI must break above the 38.6% and 23.6% Fibonacci Retracement levels of $0.1221 and $0.0919 respectively.
As COTI price faces a high risk of correction, investors are paying attention to Sponge V2, which analysts say has great growth potential after being listed on other exchanges. Analysts even listed it as one of the best web3 projects and one of the top choices for investing in the decentralized future.
Promising Alternatives to COTI
Top meme coin Sponge now has over $10.84 million in collateral and cross-chain funding after migrating to the Polygon network in early February. Sponge’s transition to Polygon is very timely as it provides a good hub for the upcoming gaming platform. This is due to Polygon’s low fees and faster transaction speeds compared to Ethereum.
Ethereum’s Dencun upgrade (EIP-4844), scheduled for March 13, is expected to reduce gas fees on DEX exchanges.
Below are forecasts for gas fees swapping on Optimism, Arbitrum, Starknet, Polygon zkEVM, and zkSync.
Bullish test of $ETH.
pic.twitter.com/BQgLMMT3O5
— (@caldiax) February 26, 2024
Sponge V2 has made a splash in the crypto gaming space after the successful launch of its predecessor, Sponge V1. After a successful migration process, nearly 20% of the circulating supply, equivalent to billions of $SPONGE V2 tokens, have been staked. Stakers receive 187% of token rewards per year on Ethereum and 817% of token rewards per year on Polygon.
Market participants don’t have much time left to grab the last chance to buy $SPONGE V2 as the listing on centralized exchanges will start soon. So, if you are interested, act fast and buy the tokens now, otherwise it will be too late.
What happens when you miss #SpongeV2 ‍♂️
$SPONGE
#PEPE
#DOGE
#SHIBA
#100x
# Bullish
# Cryptocurrency
# Meme Coin
pic.twitter.com/EJwBFTM5FJ
— $SPONGE (@spongeoneth) February 22, 2024
Click here to visit and purchase Sponge V2.
Also read:
Sponge staking and cross-chain exceeds $10 million, Ethereum and Polygon SPONGE V2 generate income on 190% and 968%
Sponge Reveals Strategic Shift to SPONGE V2 on Polygon Network Following Liquidity Pool Attack
Alessandro De Crypto Sponge V2 Presale Update – High Staking Rewards Investment Opportunity
Crypto YouTuber Crypto Boy Provides Update Ahead of Sponge V2 Launch
Investors Flock to Upcoming Sponge V2 Memecoin, Staking Pool Valued at Over $4 Million
Does the Sponge V2 relaunch have high upside potential?
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