Bearish ChainOpera AI Metrics Threaten Bullish Setup — Is a 50% Price Dip Coming?

ChainOpera AI (COAI) has rebounded above $19 following a massive 90% drop, but technical indicators suggest this recovery is weak. Both the Relative Strength Index (RSI) and the Money Flow Index (MFI) are showing bearish divergences, indicating that buying momentum is weakening even as the price rises. This suggests demand may be drying up, especially given that social mentions are driven by hype rather than sustained demand, and supply remains concentrated among a few large holders.

Technically, COAI is trading within a bullish ascending triangle pattern on the 12-hour chart. However, failure to break strong resistance around $22.44 could trigger a significant correction, potentially leading to a 50% price drop toward support levels near $15.52 or $9.81. A confirmed breakout above $22.44 would invalidate the bearish outlook, opening targets near $28.03 and $33.62, but current metrics signal elevated short-term risk.

(Source：BeInCrypto)