Overview

• COAI is trading near $23 on Oct. 16 after a whipsaw week that saw a run to a $43.81 record, a near‑90% plunge to $5.47, and a roughly 350% seven‑day gain.
• Futures interest remains elevated, with CoinGlass showing a prior 161% jump to about $194 million and a further 24‑hour rise reported this morning.
• Roughly $15.68 million in positions were liquidated in the past day, including about $11.16 million in shorts, which accelerated upside momentum.
• Market cap has expanded from roughly $1 billion on Oct. 9 to more than $4.5 billion, while 24‑hour spot volume rose 17% to $243.5 million.
• Momentum signals turned bullish with a green Supertrend, a rising MACD, and an RSI above 70, though Nansen tracked COAI balances on centralized exchanges climbing to 55 million tokens, flagging potential selling pressure near resistance.