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COTI market is currently in a clear downtrend. Technical indicators show strong bearish signals, such as bearish engulfing and dark cloud cover patterns, suggesting a shift in market sentiment.
Despite the relatively high volatility, the significant decline in trading volume indicates that any price rise lacks buyer support, further intensifying bearish market sentiment. Therefore, in the short term, COTI may continue to face pressure, and the effectiveness of support levels should be closely monitored.