⚠️ $CAI (CharacterX) facing heavy post-launch pressure ⚠️
CAI has seen a sharp decline of ~73%, dropping from the $1.20 region to around $0.24. This move reflects strong early distribution and aggressive selling, not a normal pullback.
📉 What the price action shows
Vertical sell-off with no structural support held
Extremely high sell volume → capitulation behavior
Price far below initial highs, indicating weak demand at higher levels
Market structure currently broken
📊 Current situation CAI is attempting to stabilize near the $0.20–$0.25 zone, but this remains a post-crash range. Any short-term bounce should be viewed as relief-driven, not trend reversal, unless strong volume and base formation appear.
⚠️ Trader takeaway This is a high-risk environment. The priority here is capital preservation. Let the chart rebuild structure before considering directional bias.
Patience beats prediction.
#CAI #CharacterX #Crypto #Altcoins #RiskManagement