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COAI - after a vertical takeoff
The COAI token shot up nearly +600% in a day, becoming the market's main surprise.
From $0.35 to $3.33 in a few hours — a typical pump of a new AI asset.
Will we hold on?
The growth occurred against the backdrop of hype surrounding the AI sector and fresh listings on major exchanges. However, there is currently no fundamental reason to maintain the price.
⚙️ What's happening
COAI has gone through the classic pump phase:
Low volume → sharp surge of interest → vertical growth.
The crowd is going long, funding is turning positive.
The volume begins to decrease, the candles become "tailing".
Now is the phase of profit taking.
Major resistance: 2.55–2.60, support — 1.8–2.0 and 1.35–1.4.
🎯 What to do
Fix part of the profit in the range of 2.4–2.6.
When shorting - hold the position, stop above 2.65.
Target reduction: $1.8 → $1.4.
💬 Output:
COAI put on its show. Next is the cooling phase.
While the crowd believes in the "second wave," smart money is already securing profits.
The next strong move is only possible after a new wave of liquidity or a major listing.
Holding a short position since 2.59. Adding at 3.26, let's see how it goes depending on the circumstances.