๐ $COAI โ Has the deep correction begun?
After a rapid upward wave, the price of COAI has dropped to 4.933 USDT with a daily decrease of -10.46%. This drop came after the price failed to maintain the MA(5) level at 5.214, leading to a clear break of the upward momentum.
๐ป The price is now moving below MA(10) and MA(30), with accumulated resistance at 5.514
๐ The high trading volume (460.93M COAI) reflects an intense selling state
๐ Technical indicators like RSI and MACD indicate continued selling pressure, with RSI approaching overbought areas.
๐ What does this mean?
- Breaking MA(30) = Beginning of a medium-term correction
- Expansion of BOLL range = Probability of a strong movement coming
- Potential support at 4.780, and if broken, we may see a test of lower areas.
๐งญ Trading advice
Carefully monitor trading volume and MACD crossover. Any rebound above MA(10) may restore momentum, but continued decline below MA(30) keeps the bearish scenario intact.
#COAฤฐ #APRBinanceTGE #MarketRebound #US-EUTradeAgreement
After a rapid upward wave, the price of COAI has dropped to 4.933 USDT with a daily decrease of -10.46%. This drop came after the price failed to maintain the MA(5) level at 5.214, leading to a clear break of the upward momentum.
๐ป The price is now moving below MA(10) and MA(30), with accumulated resistance at 5.514
๐ The high trading volume (460.93M COAI) reflects an intense selling state
๐ Technical indicators like RSI and MACD indicate continued selling pressure, with RSI approaching overbought areas.
๐ What does this mean?
- Breaking MA(30) = Beginning of a medium-term correction
- Expansion of BOLL range = Probability of a strong movement coming
- Potential support at 4.780, and if broken, we may see a test of lower areas.
๐งญ Trading advice
Carefully monitor trading volume and MACD crossover. Any rebound above MA(10) may restore momentum, but continued decline below MA(30) keeps the bearish scenario intact.
#COAฤฐ #APRBinanceTGE #MarketRebound #US-EUTradeAgreement