The elite troops appeared to be angling for a deal with the government along the lines of one struck in January that offered some soldiers large one-off lump sum payments.
"The shooting has started again. Today, it's market day, and they (the troops) told the women to return to their houses. Everyone is terrified, and holed up in their homes," a resident of Adiake told AFP by phone.
Protests in January were by soldiers and members of the security forces.
Adiake also is home to a maritime base that trains marine commandos and provides coastal surveillance in an area that shares a border with Ghana.
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The elite troops were on the front line of fighting in March last year when jihadist forces attacked the resort of Grand Bassam east of Abidjan, leaving 19 people dead.
They are also tasked with ensuring the security of President Alassane Ouattara.
Troops first launched a mutiny over pay on January 5.
The initial protests were quelled when the government reached a deal with 8,500 mutineers, agreeing to give them 12 million CFA francs (18,000 euros, USD 19,000) each.
However more soldiers have since taken to the streets demanding similar bonuses.
Last year Ivory Coast approved an ambitious military planning budget seeking to modernise the army and buy new equipment.
But even that 1.2 billion euros pot would not be enough to offer similar payments to all of the country's 23,000-strong security forces.
The mutiny came as a constitutional reform saw former prime minister Daniel Kablan Duncan sworn in as vice president -- with some analysts saying he could well be placed to step into Ouattara's shoes in future.
But some analysts wonder whether another former premier, ex-rebel leader Guillaume Soro, may have harboured presidential ambitions of his own, seeing a possible link between the army mutiny and the reshuffle.