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#COAI3L Yes, $COAI has formed an M-shaped price pattern on the chart.
This typically indicates a double top formation, where the price rises, hits resistance, drops, rises again to a similar level, and then falls. It often signals potential trend reversal or heavy distribution by top holders.
In $COAI’s case, this could mean whales are selling at peaks while retail investors get trapped, leading to possible sharp drops after the second top. Always check liquidity, wallet distribution, and recent movements before considering any trades.