ChainOpera AI (COAI) price has fallen nearly 84% from its October 24th peak to around $4.10. The stock has fallen another 35.35% in the past 24 hours alone, indicating that selling pressure is still prevailing.
However, similar technical and on-chain setups have shown large reversals in the past, and that pattern may be forming again.
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Whales and smart money position for turnaround
When COAI plunged the previous day, two major investor groups, whales and smart money, quietly increased their holdings.
During the same period, whale balances increased by 26.19% and smart money holdings increased by 31.17%. This type of activity typically appears when these wallets are expecting a local bottom and rebound position.
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This buying activity closely matches what the Relative Strength Index (RSI), an indicator that measures overbought and oversold conditions, is showing on the 4-hour chart.
From October 11th to October 20th, the RSI formed a low and the price formed a higher low, creating a hidden bullish divergence. This setup led to a 479% spike in the following days.
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Now, the RSI has formed the same pattern again from October 11th to October 28th, and the price continues to remain at the lows. This repetition, combined with whales and smart money accumulation, suggests large holders are betting on further rebound.
RSI-driven hidden bullish divergences often indicate a continuation of an uptrend. This appears to be valid as COAI price is still rising from its listing level of $0.56.
It’s worth noting that we previously predicted a 50% drop for ChainOpera, but it has since fallen by more than 80%. That prediction turned out to be accurate, and the tone is now shifting toward early signs of economic recovery.
ChainOpera AI Price Analysis: Can the next move be +100%?
On the 12-hour chart, COAI price remains above the key structural support near $3.97. As long as this level holds, this setup favors a short-term rebound.
If a recovery begins, the first price checkpoints at $5.40 and $7.33 could serve as short-term reaction zones that could temporarily slow the move.
Beyond that, the next target is around $9.09 (an important Fibonacci level), which could lead to a 121% upside from current levels. A clearing of this level could reestablish momentum and confirm that the broader uptrend from the listing near $0.56 remains intact.
However, if COAI falls below $3.97, sellers could regain control and push the token towards $2.15 (a key lower support level).
