ChainOpera AI Surges to New Heights, Faces Bearish Signals
ChainOpera AI (COAI) has experienced a massive price surge, reaching an all-time high of $2.82 on October 6. The token’s value skyrocketed over 600%, settling at $1.94. this extraordinary climb has been driven by several key factors.
One major catalyst is the listing of COAI on Aster,a prominent perpetual DEX platform. This listing has increased the token’s visibility and accessibility, allowing traders to leverage up to 5X. The token’s earlier listing on Bybit and potential future listing on binance also contribute to its growth.
Another significant factor is the broader trend in AI-related tokens. The partnership between AMD and OpenAI has boosted interest in AI projects like ChainOpera AI. The project offers a suite of AI-driven products on the BNB Smart Chain, including an AI terminal that connects users to community-built agents.
However, the token’s technical indicators now show bearish signs. The price has invalidated a bullish flag pattern, and the MACD has slipped below the signal line. Despite these bearish signals, the RSI has returned to neutral levels, suggesting a potential stabilization.
For traders, the immediate support level is $1.80, while the resistance level is $2.60. A break above this resistance could see the price return to its recent high of $2.82.
