Is Coti’s Price Pattern Signaling a Bullish Breakout?

After a brief sell-off earlier this week that temporarily sent Bitcoin prices down to around $98K before rebounding to over $103K, the cryptocurrency market is showing signs of recovery. This positive momentum could be giving select altcoins like Coti, the native token powering its privacy Layer 2 on Ethereum, some much-needed green momentum. While COTI’s price is currently down by nearly 41% over the past month, a recent technical analysis suggests it may be on the verge of a bullish reversal.