ChainOpera AI Plunges 31% to $4 as AI Funds Rotate
ChainOpera AI (COAI) plunged over 31% in 24 hours as investors rotated capital toward established AI-focused tokens such as Bittensor (TAO) and Virtual Protocol (VIRTUAL). Trading volume for COAI rose only 5%, while TAO and VIRTUAL saw gains of 10% daily and 61% weekly, respectively.
Technical indicators show COAI testing its critical $4 support zone for a third time. Historically, maintaining this level has triggered rallies toward $20–$30. A break below $4 could drive prices down to $1.82, according to Market Prophit data.
Despite prevalent bearish retail sentiment, muted institutional interest and a potential MACD crossover hint at fading selling momentum. Traders should monitor volume spikes and support at $4 to gauge a short-term rebound. Liquidity clusters near $5 and $6 mark initial upside targets, while resistance lies between $20 and $25.
In the broader AI crypto sector, capital rotation toward larger AI tokens underscores sector dynamics. Deep pullbacks in top-performing altcoins like ChainOpera AI may offer attractive entry points for traders seeking high-risk, high-reward opportunities.
Bearish
ChainOpera AI’s 31% drop and repeated tests of the $4 support highlight dominant bearish sentiment and increased selling pressure. In the short term, a failure to hold this level risks further declines toward $1.82. Although technical signals—such as a potential MACD crossover and liquidity clusters at $5 and $6—suggest a rebound if buying volume returns, these indicators are contingent on a stabilization in market sentiment. Over the longer term, maintaining the $4 zone could pave the way for rallies toward $20–$30, but current capital rotation toward larger AI tokens and muted institutional interest point to sustained downward pressure before any significant recovery materializes. Therefore, the immediate price trajectory for COAI remains bearish until clear buying momentum emerges.