ChainOpera AI’s (COAI) price has rebounded above $19 after a brutal 90% drop between October 12 and 20. The move has renewed some optimism, but the recovery appears fragile. Behind the bounce, several technical and behavioral signals now point to growing exhaustion in the trend.

While the chart still shows a bullish setup, deeper metrics reveal cracks forming beneath the surface — ones that could decide whether COAI’s rebound continues or gives way to another correction.

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Divergences Show Buyers Losing Control

The Relative Strength Index (RSI), which tracks buying versus selling strength, is flashing a standard bearish divergence.

Between October 16 and October 24, the COAI price made higher highs, while RSI printed lower highs, hinting that momentum is weakening even as the ChainOpera AI price climbs.

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The Money Flow Index (MFI), a metric that measures the real flow of money into or out of an asset, confirms that view. Between October 19 and October 23, prices formed higher lows, but MFI made lower lows. This form of bearish divergence signals that inflows are thinning out.

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When both RSI and MFI diverge from the price, it often marks the early stages of a potential trend reversal. These divergences

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Author: Ananda Banerjee