COAI Jumps 25% on Short Squeeze, Eyes $7.91 Breakout
COAI surged over 25% on October 22, 2025, driven by roughly $11.5 million in short squeeze liquidations near $7, new listings on Bitget and Gate.io, and strong support from the BNB Smart Chain ecosystem. The token’s market cap hit $1.29 billion, though daily trading volume fell 50% to around $75 million despite the rally. Key technical indicators show narrowing Bollinger Bands and weak momentum at –0.1445, while the Money Flow Index at 30.82 and On-Balance Volume at –472.5 million point to ongoing selling pressure. Profit-taking by whales—5% of circulating COAI moved to exchanges—and a 94% supply concentration in the top 100 addresses heighten pullback risk. Traders should watch for a clear $7.91 breakout to confirm bullish conviction amid upcoming token unlocks and potential volatility.
Neutral
While COAI’s 25% rally on short squeeze liquidations and exchange listings signals strong buying interest, key technical barriers at $7.91, weak momentum, and high supply concentration among whales pose significant headwinds. Narrowing Bollinger Bands and negative flow indicators suggest limited upside without renewed buyer conviction. Upcoming token unlocks and whale profit-taking raise volatility risks. Overall, the short-term outlook remains uncertain and long-term gains depend on a sustained breakout, warranting a neutral market impact assessment.