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The technical outlook for the COAI token has many points of interest. In terms of support levels, around $0.35 corresponds to the 0.382 retracement level, which is an initial support. The real strong support is at $0.32, which is the 0.5 retracement level; if the market drops to this level, a rebound is likely.
The resistance levels above are even more noteworthy. The $0.42 to $0.45 range is critical, representing the 0.618 resistance zone and serving as a litmus test for a breakout. Further up, the previous highs at $0.5 to $0.55 act as strong resistance, making it more challenging to break through.
If the price can stabilize and break above the $0.45 level, the potential for further gains opens up. Using Fibonacci extension at 1.618, the first target range can be around $0.62 to $0.65. Of course, whether these levels can be reached depends on the actual market performance.