ChainOpera AI ($COAI) has taken the crypto world by storm after recording a staggering 600% surge in just 24 hours, marking a new all-time high of $2.74. The AI-focused blockchain project topped the list of daily crypto gainers with a 93% price increase earlier in the day, before extending its rally following its listing on ByBit’s perpetual trading platform.
The listing ignited massive buying momentum, drawing attention from traders across decentralized and centralized exchanges. At its current valuation, COAI commands a market capitalisation of $139.5 million, with analysts pointing to bullish sentiment driven by the token’s entry into major trading venues and a broader rally in artificial intelligence-related cryptocurrencies.
COAI/USDT Daily Chart | Credit: TradingView
Despite the parabolic rise, technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) remain in bullish territory, suggesting the rally could extend further in the short term before a potential cooldown.
DeFi and AI Tokens Dominate Daily Crypto Gainers
While ChainOpera AI stole the spotlight, several other tokens also posted impressive gains, reflecting renewed investor confidence across AI, DeFi and infrastructure sectors.
StakeStone ($STO) rose 45.5% to $0.13, achieving a market cap of $29.9 million, while LeverFi ($LEVER) climbed 39.1%, now trading at fractions of a cent with a modest $3.4 million valuation. Revox ($REX) followed closely, gaining 38.5% to trade around one cent, bringing its market value to $22.8 million.
The surge in these mid-cap projects signals a return of speculative activity in decentralized finance and token utility ecosystems, with traders showing an appetite for higher-risk, high-reward assets.
In addition, Astar Network ($ASTR) jumped 24.1% to $0.02, supported by a $241.1 million market cap, a testament to the growing resilience of layer-1 ecosystems. Meanwhile, Bless ($BLESSL) climbed 23.6% to $0.03, and Orderly Network ($ORDER) advanced 21.7% to $0.45 with a $140.5 million valuation, indicating strong community engagement and increasing exchange integrations.
Technical Analysis: Is the COAI Rally Nearing Its Peak?
According to market analysts, the ChainOpera AI rally may be entering its fifth and final Elliott Wave, the concluding phase of an impulsive price movement that began in late September.
The fourth wave formed a symmetrical triangle, confirming the validity of the current pattern. With the fifth wave now extended, COAI’s upward movement has reached 2.61 times the combined length of waves one and three, a ratio that historically suggests a potential local top.
COAI/USDT Hourly Chart | Credit: TradingView
If momentum persists, the next target range lies between $3.50 and $3.78, marking potential resistance before a retracement occurs. However, as with most parabolic moves, profit-taking and volatility remain imminent risks.
Despite that, indicators show no bearish divergence yet, implying that buyers still dominate the market. Traders are advised to watch for short-term pullbacks as the rally matures, particularly if COAI fails to sustain above the $2.50 psychological level.
Market Sentiment and Controversy
The social media buzz surrounding ChainOpera AI has been instrumental in fueling the token’s rally. Influential crypto commentators and Key Opinion Leaders (KOLs) have compared COAI’s performance to that of DeAgentAI (AIA), another AI token that surged after similar listings on major platforms.
COAI Social Mentions | Credit: RogerAI
Both tokens share notable traits: they emerged from the Binance Alpha DEX Pool, later gained listings on Bitget and eventually joined the Binance perpetual futures ecosystem. This has led traders to speculate on a rotation toward BNB ecosystem tokens, mirroring the network’s own recent all-time high.
However, the rally hasn’t been without controversy. Some users resurfaced allegations against the ChainOpera AI team, claiming a previous instance of a “rug-pull” involving a fake contract address. Despite these concerns, market enthusiasm has remained largely unaffected, as trading volumes and social media engagement continue to soar.
Broader Market Momentum: Altcoins Regain Strength
Beyond COAI, the altcoin market is showing clear signs of revival. AI-based tokens such as Quack AI ($Q) gained 21.1% to $0.03 with a $61 million market cap, proving the continued dominance of the AI narrative in crypto.
Meanwhile, Aleo ($ALEO), a privacy-focused blockchain, advanced 16% to $0.30, achieving a strong $168.3 million capitalization. Form ($FORM), a higher-cap token, surged 15.2% to $1.25, boasting the largest market cap among gainers at $484.2 million.
The widespread rally across different categories: AI, DeFi, and infrastructure, demonstrates a broad-based resurgence of optimism among crypto investors. While volatility remains high, the sustained inflow of liquidity into niche sectors suggests a renewed confidence in blockchain innovation and tokenized ecosystems.
Outlook: Can the Momentum Continue?
The ChainOpera AI phenomenon exemplifies how exchange listings, market narratives and social media hype can combine to generate explosive short-term rallies. Yet, with COAI already achieving an all-time high, caution is warranted as momentum indicators approach overbought territory.
If the bullish structure remains intact, COAI could extend toward $3.78, but traders should brace for corrections as early investors take profits. Nonetheless, the token’s rapid ascent has firmly positioned it among the most-watched cryptocurrencies of the week.
