In this major bear market, $COAI has demonstrated rare independence, with few comparable coins at the same level; $ZEC and $BEAT are barely worth mentioning. Today, I want to analyze this coin from two perspectives: market sentiment and capital movements.

**What the market is saying**

Since November 22, COAI has been showing a strange trend pattern. Nearly a month has passed, Bitcoin has been highly volatile, shaking multiple times, but COAI seems unaffected, continuing its own path.

The rhythm of several market phases within the chart is very clear: first, a shakeout to clear the market; then, a test of willingness through price consolidation; next, accumulation of funds; and finally, probing the market. Currently, the chart shows a gentle increase in volume at the bottom, but both tests have not yielded ideal results, indicating that traders are still sharpening their blades.

**Capital movements**

There are two recent developments. First, the foundation’s official website has gone live. Second, the project team announced joining a certain AI proxy foundation.

Behind COAI, there is a strong whale controlling the market, which is a consensus in the community. But unlike those one-wave pump-and-dump schemes, COAI’s sustained combat capability is very strong, with continuous back-and-forth operations. This window is quite interesting — the overall market has entered a vague phase, which is exactly when speculative coins are most likely to take off, as the fund rotation and siphoning window is wide open. When the foundation suddenly ramps up promotion at this time, the probability of follow-up actions is quite high.

**Current dilemma**

Recently, I’ve talked with several friends, and everyone feels that the current battle between bulls and bears at this price level is too intense, directly affecting our trading success rate and certainty. Instead of shooting blindly, it’s better to focus on these independent trending coins, where perhaps more certain opportunities can be found.