Binance to Delist Margin Trading Pairs for COW, SKL, and COTI on May 29
- Delisting Announcement: Binance has announced the delisting of several margin trading pairs including COW/USDC, SKL/USDC, and COTI/USDC, effective May 29 at 6:00 a.m. UTC, urging users to close positions to avoid forced liquidation.
- Volatility Risk: Margin trading allows users to borrow funds for increased exposure, and the delisting of these pairs may lead to heightened market volatility, necessitating caution from traders holding these assets to mitigate forced liquidation risks.
- Liquidity Impact: While spot trading for these tokens remains available, the removal of margin trading pairs could reduce the range of financial instruments, potentially decreasing overall trading activity and liquidity, which may negatively influence market sentiment.
- User Recommendations: Binance advises users to manually close affected positions before the delisting deadline, as any remaining open positions will be automatically settled, which could result in losses if settled at unfavorable prices.
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Technical Analysis for COTI
Technical Sentiment Analysis for COTI (COTI). As of , COTI (COTI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for COTI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, COTI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
COTI (COTI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00991 | 0.011 | 0.0118 | 0.0129 | 0.0137 | 0.0148 | 0.0156 |
| Fibonacci | 0.011 | 0.0117 | 0.0121 | 0.0129 | 0.0136 | 0.014 | 0.0148 |
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