COTI Plummets to Extreme Overbought Territory Amid Broader Crypto Market Pressure
COTI's daily RSI has reached an extreme overbought level of 80.67, indicating that the token is running on fumes.
On July 28, 2026, the broader cryptocurrency market is under heavy pressure, with the Fear & Greed index sitting at a bleak 29 and total crypto market capitalization dropping 2.76% to around $2.25 trillion.
The token's price trades at $0.01, with compressed Bollinger Bands suggesting a volatility squeeze that has not yet resolved directionally.
Historically, an RSI reading above 80 on the daily chart signals exhaustion risk rather than continuation, and COTI's current situation is no exception.
The bearish scenario suggests that the breakout attempt may have failed, and sellers are taking control. A Bollinger Band squeeze resolving to the downside would signal this, with price breaking back toward the lower band at $0.01.