COTI experienced extreme turbulence over two consecutive trading sessions, highlighting the token's hyper-volatility. On July 31, the price rocketed 11.53% within a single hour, reaching $0.01528, as trading volume soared to $17.96 million. The surge came after a daily low of $0.01286, defying broader market weakness where many altcoins struggled.
Barely 24 hours later, the trend reversed sharply. On August 1, COTI plunged 11.56% in just 60 minutes, settling at $0.01522. The decline occurred despite a 12.24% 24-hour gain prior to the drop, and the token had earlier touched a high of $0.01859. Trading volume swelled to $22.65 million during this sell-off. Analysts flagged a sudden increase in large wallet movements, suggesting whale accumulation or distribution may have catalyzed the price swing.
The rapid back-and-forth underscores the token's susceptibility to short-term speculative flows. Key levels to watch include resistance at $0.018 and support near $0.015, with a break below $0.015 potentially accelerating further losses.
