None
EN
ChainOpera AI soars 25% – But is COAI’s rally too good to last?
['Lennox Gitonga', 'Kelvin Murithi', 'Ishika Kumari', 'Olayiwola Dolapo', 'Samyukhtha L Km', 'Lennox Gitonga Is A Financial Market', 'On-Chain Analyst At Ambcrypto', 'Bringing The Rigor Of Traditional Financial Analysis To The Digital Asset Space. With A Bachelor Of Commerce In Finance', 'He Possesses A Strong Academic Foundation In Market Principles', 'Investment Analysis.']
AMBCrypto
ChainOpera AI rose by 25%, driven by liquidations of shorts, strength in BSC, and listings on major CEXs.
COAI price needs to flip the $7.91 level for the structure to stay bullish; otherwise, the outlook is still bearish.
ChainOpera AI [COAI] surged by more than 25%, beating the overall market trend, which was down by about 3% in the last 24 hours.
Despite the spike in gains, the daily trading volume was down about 50%, representing about $75 million.
The top 100 addresses held more than 94% of the tokens, allowing for easy manipulation of the COAI price.