$COAI Update

Current location:

Price $5.221 has returned to trade below the moving averages (MA(7) at $5.33 and MA(25) at $5.38). This means that the rebound failed to hold above the resistances, and these resistances are pressing the price down again.

MACD Indicator

The positive crossover of MACD is about to collapse! The MACD line is converging closely with the signal line and is heading towards a negative crossover, indicating that the upward momentum has faded.

Critical bottom: The bottom at $4.815 is the last line of defense.

Expected next scenario (strongest: downward pressure)

The current technical situation is critical. The failed rebound and the very weak MACD signal favor the bearish scenario.

Forecast:

The price will press on the immediate support at $5.00 and will head to test the bottom at $4.815.

Second scenario (positive/weak):

Final rebound ⬆️

Forecast: A sudden rebound before breaking the support, supported by some buyers entering from the bottom.

Target: Return to test entry points ($5.30 - $5.50).

Update trading strategy for the wise trader 🎯

Watch closely, data will be updated for you periodically.

Stay tuned for these critical moments in the current situation for upward or downward movement.