Key Takeaways

What’s driving ChainOpera AI [COAI]’s recovery?

Open Interest climbed 161% to $194M, fueled by rising long positions and BNB Chain traction.

How strong is the current buying momentum?

RSI at 72 and positive CMF confirmed heavy inflows, hinting COAI could target $17.7–$21 next.

As previously reported by AMBCrypto, ChainOpera AI [COAI] rallied to an all-time high of $48 three days ago, driven by an exchange listing frenzy. 

The token rallied 132% in the past 24 hours, reaching a high of $16.00 before slightly retracing to $15.37 at press time.

Over the same period, COAI’s market cap rose 130% to $2.7 billion, indicating sustained capital inflows and growing market interest. But what’s behind ChainOpera AI’s resilience?

Why is ChainOpera AI surging?

AMBCrypto observed that COAI rallied, driven by three significant factors: demand in Futures, a rebounding AI crypto narrative, and support from the BSC ecosystem. 

The broader AI crypto market cap rose 5.66% to $31.9 billion on the 15th of October, showing renewed demand across the category.

Among the top gainers, BNB Attestation Service [BAS] surged 138.78%, COAI gained 126.61%, and Sapien [SAPIEN] advanced 57.08%.

Additionally, Bittensor [TAO] rose 11.6% to $455 after Synergies announced an $11 million investment into its ecosystem. Also, DeXe [DEXE] rebounded 11.6%, following a 46% dip the previous week. 

Unlike earlier hype-driven AI projects, ChainOpera AI emphasizes ut

Go to Source to See Full Article
Author: Gladys Makena