ChainOpera AI soars 25% – But is COAI’s rally too good to last?
The post ChainOpera AI soars 25% – But is COAI’s rally too good to last? appeared on BitcoinEthereumNews.com.
Key Takeaways Why is COAI up today? ChainOpera AI rose by 25%, driven by liquidations of shorts, strength in BSC, and listings on major CEXs. What’s the next target? COAI price needs to flip the $7.91 level for the structure to stay bullish; otherwise, the outlook is still bearish. ChainOpera AI [COAI] surged by more than 25%, beating the overall market trend, which was down by about 3% in the last 24 hours. The resurgence came as the price of the altcoin stayed about 85% from its ATH of almost $45. When writing, COAI had a market cap of $1.29 billion, with still another $1.35 billion in capitalization yet to be unlocked. Despite the spike in gains, the daily trading volume was down about 50%, representing about $75 million. What’s driving the rally? The surge was driven by cascading short liquidations, exchange listings, and the general strength in BNB Smart Chain (BSC). An analysis of the liquidation heatmap on CoinGlass showed that shorts in the $7 zone were liquidated, triggering buy pressure. About $11.5 million in COAI was cleared, and then the price sharply dropped below this level. The buy orders around the $5 zone indicated the strength of bulls, which took the price up. Source: CoinGlass Additionally, the listing of COAI on Bitget and Gate.io amplified the gains as a result of increased user reach. Lastly, COAI was among the top tokens on BSC, with the ecosystem continuing to thrive since August. Will COAI stay strong onwards? On the 4-hour chart, it revealed that after a sharp change in favor of the downward direction, price was recuperating slightly, with COAI trading at about $6.5. Despite the slight strength, indicators were showing weakness. The Bollinger Bands were narrowing between $2.41 and $13.41, which meant it was becoming less volatile. This…
Filed under: News - @ October 22, 2025 9:30 am