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Dead cat bounce or just getting started? That's the question everyone's asking about $COAI right now.
The token's up 1.47% after the team came out swinging against FUD rumors. They're denying any exit scam talk and emphasizing that 88% of the supply remains locked and untouched. Sounds reassuring on paper.
But here's the catch—volume dropped 24%, and the broader AI sector isn't exactly showing strength either. We're seeing an RSI rebound which could signal oversold conditions, yet the MACD is still flashing bearish signals. Price is dancing around the $0.94 support level.
Two scenarios playing out: push past $1.63 and we might see a legitimate bounce. Fail to hold current levels? We're likely headed back down to test $0.37.
Centralized control remains a concern for some traders. What's your read on this one?