ChainOpera (COAI) is capturing the attention of cryptocurrency traders as the broader market shows signs of recovery. In the past 24 hours, COAI surged over 39%, climbing to the $0.445 level and triggering a sharp 340% increase in trading volume to $36.64 million. This surge in both price and market activity underscores growing investor interest and renewed momentum in the altcoin after its prior decline of more than 95%.
Technical analysts point to a key resistance at $0.45, a level the altcoin has struggled to breach since December 2025. Historical data shows multiple failed attempts at this threshold, each followed by a reversal. However, if COAI can sustain a daily candle close above this level, projections suggest a potential 45% rally, possibly reaching $0.685 in the near term. Conversely, a daily close below $0.3880 would cast doubt on this bullish scenario. Indicators such as the Average Directional Index (ADX) at 33.66 signal a strong directional trend, while the Relative Strength Index (RSI) of 70.87 reflects approaching overbought conditions, highlighting robust bullish momentum.
Market sentiment appears mixed. On-chain data from Nansen shows a 1.94% increase in COAI reserves across exchanges, hinting at potential selling pressure that could trigger short-term pullbacks. Meanwhile, derivatives data from Coinglass reveal that traders are positioning for further gains, with approximately $780,000 in long leveraged positions around $0.385 support and $272,000 in short leveraged positions near $0.465 resistance. This indicates that while some investors are securing profits, others remain confident in the altcoin’s upward trajectory.
From a broader perspective, COAI’s recent performance reflects renewed market confidence in select altcoins and highlights the importance of resistance levels in technical trading. For investors and traders, this rally emphasizes the need to monitor volume trends, exchange reserves, and momentum indicators closely, as they offer critical insights into potential continuation or reversal scenarios. As ChainOpera navigates this pivotal price juncture, the coming days will likely define whether the altcoin can sustain its momentum or face a corrective phase.
Experts suggest keeping a cautious yet attentive eye on COAI’s price action, as breaking above key resistance could spark a significant rally, while short-term volatility remains likely due to mixed market sentiment. The ongoing balance between bullish momentum and selling pressure will be a key factor shaping COAI’s next move.
