ContentOS Price Prediction: 13 Percent Spike Likely a Trend Reversal

Summary:
• ContentOS price recently hit a price low that has not been hit since November 2020. However, in the past few days,

ContentOS price recently hit a price low that has not been hit since November 2020. However, in the past few days, ContentOS has been recovering, with today’s trading session showing the prices increasing by 13 per cent.

ContentOS platform has been one of the most active blockchain projects for the past few months. A report released early this month showcasing the platform’s milestones indicated they had successfully minted over 300 NFTs. The platform also reported metadata integration on OpenSea and moving their COS.TV platform from beta phase to live.

Unfortunately, even with these innovations, the platform, which prides itself as one of the largest decentralized platforms that allow digital creators to benefit from their work, has been affected by the recent crypto crash. The crash saw investors becoming cautious with their money, with some going into a sell-off frenzy.

This resulted in almost all cryptocurrencies falling. At one point, the global cryptocurrency market capitalization dropped by 13 per cent within a 24 hour period. However, the last few days have seen the industry’s resurgence, which positively impacted ContentOS prices.

ContentOS Price Prediction

In today’s trading session, ContentoOS price is up by 13 per cent. This is a continuation of the recent ContentOS resurgence that has seen the prices rise by 56 per cent in the past seven days. Today’s price rise has also wiped yesterday’s losses of 12 per cent, and the crypto is on track to go even higher within the session.

Looking at the chart below, we can see the prices of setting a new price low which had not been hit since November 2020. We can also see the prices aggressively bouncing off the support level to trade at the current price level of $0.0083.

My ContentOS price prediction expects the current bullish trend to continue. There is a high likelihood that we will see the prices trading above $0.01 in the next few trading sessions. However, if the prices return and trade below $0.0073, my analysis will be invalidated. It will also mean a likely return to a bearish trend.

ContentOS Daily Chart