ChainOpera AI’s 132% rally signals AI sector revival – COAI to $17.7?

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 utility and technical development, giving it a stronger market footing as sentiment returns to AI-linked assets.

COAI thrives on BSC

This aligned with its role as a BNB Chain-based AI infrastructure project, thus attracting attention during a risk-off market. 

With Binance Coin [BNB] surging past $1.3k, the BSC ecosystem traffic is unmatched, which has greatly benefited COAI through exposure to a ready market. 

Daily Active Users on BNB Chain recently crossed 3.5 million, with both new and returning users showing a steady rise, according to Artemis data.

The network’s sustained traffic has offered COAI a deep liquidity environment and a receptive retail base.

Futures market heats up

According to CoinGlass, COAI’s Open Interest rose 161.49% to $194.03 million, while Derivatives Volume climbed 4.07% to $2.31 billion over the past day.

Futures inflows stood at $791.19 million, outpacing outflows of $775.90 million, resulting in a Net Inflow of $15.28 million—a 159% increase relative to market cap.

Having said that, the Long/Short Ratio settled near 1.01, signaling balanced but long-leaning positioning.

Momentum metrics stay strong

ChainOpera AI rallied amid broader AI crypto recovery and rising demand for the Futures positions.

As a result, its Relative Strength Index (RSI) surged to 70, indicating bullish dominance. Likewise, its Chaikin Money Flow rose to positive at 0.01, further validating the buyer’s presence.

If this buying pressure holds, COAI could retest $17.70 and aim for $21.00 in the short term. However, a drop below $9.80 would invalidate the setup and may signal exhaustion.