COAI: what is the surge and where to next?

In the last 24 hours, COAI/USDT has shown explosive volatility - an increase of +73% with a movement from $0.19 to $0.49.

What happened
The reason for the surge is listings on major exchanges and accompanying promotions/airdrops.

Against the backdrop of the news, the volume sharply increased: the daily turnover exceeded $21 million, and the open interest was about $6.3 million.

Speculators are actively trading leveraged derivatives, which drives up volatility.

Technical picture
Current price: $0.35
Support levels: $0.34 (local), $0.30 (key buyer zone), below — $0.20–0.22
Resistance levels: $0.38 → $0.42 → $0.49 (local maximum)
RSI: ~60 — the market is not yet overbought, there is room for movement.

Scenarios
🟢 Bullish: holding $0.34–0.35 and breaking $0.38 → targets $0.42 and $0.49 ( with the possibility of testing $0.55–0.60 )
🔴 Bearish: loss of $0.34 and drop to $0.30, upon capitulation — return to the zone of $0.22
⚪ Flat: sideways $0.33–0.37 until new news

COAI is trading under the influence of hype: the listing and marketing have given a strong boost. Further movement depends on whether the price can hold above $0.34 and if new volume appears to break through $0.38+.
⚠️ The risk is extremely high - it is better to trade with strict stop-losses and fractional profit-taking.