$COAI Narrow range fluctuations, about to choose a direction?🚀
Current quote $0.5928, the market has shown high volatility over the past 2.5 hours (average volatility 1.90%), but the price has actually formed a tight range between $0.58 - $0.60.
🔍 Key observations:
1. Gradually rising lows: $0.58 -> $0.59.
2. Multiple tests of the $0.60 resistance have failed, but the depth of the pullback is limited.
3. Trading volume has increased at key positions (such as K-line 4), indicating fierce battles between bulls and bears.
📈 Simple logic: range convergence will not last long. The current structure is slightly bullish (lows moving up), if it can sustain above $0.60 with increased volume, it is expected to test the $0.62-0.63 area in the short term. Conversely, a drop below the $0.58 support may lead to a retest of $0.56.
High volatility, set your stop loss! DYOR.
