$COAI USDT Technical Analysis: Bear Flag at the Lows
$COAI. The 4-hour and 1-hour charts continue to depict a severe downtrend. Price made new lows, hitting $3.10, and the momentum remains overwhelmingly bearish. The 4H RSI is critically oversold (around 18), which could suggest a bounce is due, but the trend structure provides no confirmation yet.
The 15-minute and 5-minute charts show the price action after hitting the $3.10 low. We are seeing a weak consolidation attempt, forming a tight range around $3.20. This price action, occurring after a sharp drop and on low volume, is characteristic of a bear flag. It represents a pause where sellers absorb weak buying attempts before potentially pushing the price lower. The MACD on the 15M chart is attempting a bullish cross, but price action remains weak below immediate MAs.
Outlook:
The dominant trend is strongly bearish. The current consolidation appears to be a bear flag, signaling likely continuation downwards. While the extreme oversold condition on the 4H chart warrants caution for aggressive shorts (potential for sharp bounces), the path of least resistance remains down until proven otherwise. A break below the $3.10 support would confirm the next leg lower.
