COAI – Market Update & Short-Term Outlook 🔹

$COAI is under pressure, and while a bounce is possible, caution is key. Let’s break it down:

🔹 Current Situation

Price: 3.274 USDT

Drop: −23.38% (sharp decline)

Recent high (visible): ~4.9–5.0 USDT

All-time high (chart visible): ~9 USDT

Volume: Rising during the drop → strong selling pressure

Trend: Clear downtrend — lower highs & lower lows, candles below the moving average (blue line)

🔹 Technical Trend Reading

Moving Averages:

Price well below MA → strong bearish signal

MA sloping down → confirms downtrend continuation

Bollinger-like Band (red area):

Price below mid-band, approaching lower edge → momentum still bearish

Candlestick Behavior:

Multiple red candles with weak green recoveries

No clear bullish reversal pattern yet

🔹 Possible Support Levels

Short-term support: ~3.00 USDT

Deeper support: ~2.50 USDT

Strong psychological support: 2.00 USDT

> If 3.00 USDT breaks with volume, drop toward 2.5–2.0 USDT is likely.

🔹 Recovery Scenarios

Must reclaim 3.55 USDT (blue MA) and hold above

Break 4.00 USDT resistance to signal bullish reversal

Confirmation on 4h or daily charts with sustained volume

Broader crypto recovery is essential for higher targets; prior highs may take weeks–months

🔹 Short-Term Outlook (Next 24–48 Hours)

Expected range: 2.9 – 3.6 USDT

Bias: Bearish → sideways consolidation

Shorting tip: Take profit near 3.00–2.8 USDT zones

Watch for declining sell volume + hammer candle → potential bottom

$COAI remains in a short-term downtrend. Watch key support levels and volume for signs of reversal, but patience is needed for a real recovery.