ChainOpera AI (COAI) price has dropped nearly 84% from its October 24 peak, slipping to around $4.10. In the last 24 hours alone, it’s down another 35.35%, showing that selling pressure still dominates.
But similar technical and on-chain setups in the past have marked strong reversals, and that pattern may be forming again.
Whales and Smart Money Position for a Turnaround
When COAI plunged over the last day, two major investor groups quietly added to their holdings — whales and smart money.
Whale balances grew 26.19%, while smart money holdings rose 31.17% in the same period. This kind of activity usually appears when these wallets expect a local bottom and position for a rebound.
Key COAI Holders Adding: Nansen
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The buying activity aligns closely with what the Relative Strength Index (RSI), a metric that measures overbought and oversold conditions, is showing on the 4-hour chart.
Between October 11 and October 20, RSI formed a lower low while price made a higher low, creating a hidden bullish divergence. This setup led to a 479% surge in the following days.
ChainOpera AI Price Fractal: TradingView
Now, the RSI has again formed the same pattern between October 11 and October 28, while the price continues to hold a higher low. This repetition, paired with whale and smart money accumulation, suggests that large holders are betting on another bounce.
The RSI-led hidden bullish divergence often signals continuation of the uptrend. This seems valid as the COAI price is still up from its listing level of $0.56.
It’s worth noting that we previously predicted a 50% drop for ChainOpera, which later deepened to over 80%. That forecast played out precisely, and the tone has now shifted toward early signs of recovery.
ChainOpera AI Price Analysis: Can the Next Move Be A +100% Run?
On the 12-hour chart, the COAI price remains above its key structural support near $3.97. As long as that level holds, the setup favors a short-term rebound.
If the recovery begins, the first price checkpoints are $5.40 and $7.33, short-term reaction zones that could briefly slow the move.
ChainOpera AI Price Analysis: TradingView
Beyond that, the next target lies near $9.09 (key Fibonacci level), marking a potential 121% upside from current levels. Clearing that level could reestablish momentum and confirm that the broader uptrend, from its listing near $0.56, remains intact.
However, if COAI breaks below $3.97, sellers may regain control, pushing the token toward $2.15 — a key lower support level.
