Why Are Contentos (COS) and REI Network Crypto Prices Pumping? Analysts Share Take-Profit Targets
Contentos (COS) price has spiked by 30% today, while REI Network has also witnessed an 11% surge. These two spikes are following major breakouts, with analysts foreseeing more upside potential ahead. Let’s delve into their outlooks and targets.
What you'll learn 👉
Contentos (COS) Bullish Outlook
According to JAVONMARKS (@JavonTM1), Contentos (COS) seems to be in the midst of a monumental run, having already made an impressive 630% move since its breakout. The analyst believes that COS is returning with renewed strength, aiming for a target of approximately $0.0423. If this target is achieved, it would represent an additional 222% uphill run from its current levels.
JAVONMARKS emphasizes the potential for a substantial rally in COS, suggesting that the cryptocurrency could continue its remarkable ascent toward the projected target price.
Another analyst, Whales_Crypto_Trading (@WHALES_CRYPTOx), highlights COS’s breakout from a W-Bottom Accumulation pattern that lasted for 665 days. The analyst notes that COS has produced a positive retest of its neckline, indicating the potential for further upside momentum.
According to Whales_Crypto_Trading, the first target for COS is set at $0.0186 (which it has passed at the time of writing), while the second target is $0.0263. These targets represent significant potential gains for investors who have positioned themselves in anticipation of COS’s bullish trajectory.
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Show more +REI Network (REI) Breakout and Target
Turning our attention to REI Network (REI), the analyst Crypto | #1 Free Signals (@best_analysts) has identified a descending triangle breakout in the 12-hour timeframe. This breakout presents a new trading opportunity with an expected 120% bullish wave.
The analyst highlights that REI has successfully completed the descending triangle breakout, indicating the potential for a substantial price increase in the near future.
Bullish Momentum and Retest Confirmation
Such breakouts often propel further bullish action as more investors seek to capitalize on the upward momentum. The fear of missing out (FOMO) can drive additional buying pressure, potentially fueling the rally further.
Moreover, a successful retest of the breakout levels is expected to bring increased confidence and validation to the bullish narrative, making it more likely for the analysts’ price targets to be achieved. Traders and investors will closely monitor the price action for confirmation of the predicted price targets.
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