Coti

Coti Token Report – 20th Sept’24

COTI Token Report

COTI stands out as among the pioneering blockchain protocols globally, specifically tailored for decentralized payments, catering to the needs of merchants, governments, payment decentralized applications (DApps), and stablecoin issuers.

COTi is ranked #227 with a market capitalization of over $213 million. The current market price of the token is 0.125 USDT

The COTI/USDT price had been on a downward trend since late February, 2024. On the daily time-frame, the trend has broken out of the flat consolidation levels with good volume support. An immediate support is expected at 0.104 USDT and next resistance is expected at 0.153 USDT.

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Weekly Market Report – 16th Sept’24

WEEKLY MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index gained around 6% in the last week, The next critical support is expected at 17,500 level and immediate resistance is expected around 21,000 levels for the coming week. 

The top gainers for the week were Broadcom, Nvidia and Advanced Micro gaining around 22%, 16% & 13% respectively.

The NASDAQ Index would continue the upward momentum if it closes above 20k.

 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market remains in the FEAR zone. Compared to last week, the Fear & Greed Index increased from “29” to “39”

 

CVDD-TOP CAP PRICE CHART INDICATOR

Bitcoin is expected to continue its upward movement. As per the above model, Bitcoin’s cycle top price prediction is around $398,000 

 

BITCOIN MVRV Z-ScoreThe period highlighted by the z-score (orange line) entering the pink box, indicates the top of market cycles. It also shows when market value is far below realized value, highlighted by z-score entering the green box. Currently we are in the middle of the bull cycle

 

Bitcoin chart

$BTC’s price gained around 8% during the previous week. The immediate support is expected at $53.5K and next resistance is expected at $82K. Bitcoin is expected to bounce-back from this level. 

 

ETH/BTC

ETH/BTC pair continues to traverse within the descending channel pattern. An immediate support is expected at 0.030 level and resistance is expected at 0.060 levels. 

 

NIFTY

Nifty gained around 2% in the last week. An immediate support is expected around 24,000 levels and resistance is expected around 25,900. 

 

PICK OF THE WEEK – JM FINANCIAL

 

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Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.