While the broader cryptocurrency market remains in a lull, ChainOpera AI (COAI) is charting a very different course. Over the past 30 days, the token has skyrocketed by an astonishing 2,220%, positioning itself as one of the most explosive digital assets in the current cycle.
In the last 24 hours alone, COAI climbed 54.5%, rebounding strongly after a sharp 44% correction earlier this week. The token now trades around $9.50, a substantial recovery from its recent lows, although still 78.5% below its all-time high.
This impressive rally has sparked renewed optimism among traders and analysts, many of whom are eyeing the project’s growing connection to the booming AI and blockchain intersection.
ChatGPT Effect Ignites AI Tokens
COAI’s recent momentum appears closely tied to a major development in the AI ecosystem, OpenAI’s release of a ChatGPT browser feature. The update has reignited investor enthusiasm for blockchain-based artificial intelligence projects, a niche that ChainOpera AI occupies squarely.
According to CCN’s analysis, the announcement amplified interest in decentralized AI protocols, as investors sought exposure to the “ChatGPT for crypto” narrative. ChainOpera AI, with its emphasis on collaborative AI development and economic scalability, stood out as a prime beneficiary of this renewed attention.
The project’s founder, Salman Avestimehr, has long advocated for a “collaborative intelligence economy,” where data contributors and developers share rewards seamlessly via blockchain infrastructure. This concept, now resonating with the growing AI trend, has boosted both the project’s visibility and token demand.
Volume Surge Confirms Growing Market Confidence
Beyond speculative hype, ChainOpera AI’s rally appears supported by genuine trading activity.
Data shows that COAI’s daily trading volume has jumped from roughly $50 million on October 5 to nearly $250 million today, a fivefold increase in less than a week.
COAI Trading Volume | Credit:Santiment
This sharp rise in volume reflects renewed market participation and liquidity, suggesting that investors are actively positioning for further upside rather than merely reacting to short-term headlines.
Analysts note that such sustained activity often precedes price continuation patterns, particularly when backed by technical confirmations. The combination of volume expansion and bullish chart signals could indicate that COAI’s latest surge has more room to run.
Technical Indicators Flash Bullish Signals
From a technical analysis standpoint, COAI’s recent breakout above the upper trendline of its descending channel marks a significant shift in market structure, from correction to recovery.
Key momentum indicators further support the bullish outlook:
- The Chaikin Money Flow (CMF) has moved above the zero line, confirming increasing capital inflows and buying pressure.
- The Moving Average Convergence Divergence (MACD) has turned positive with a bullish crossover, reinforcing signs of strengthening momentum.
If these signals sustain, analysts anticipate COAI could challenge immediate resistance at $11.70. A confirmed breakout above this level may pave the way toward $18.84, while a highly optimistic scenario could even push prices as high as $30 in the medium term.
However, traders remain cautious. Should selling pressure re-emerge, COAI could slip toward $5.60, erasing part of its recent gains and entering a consolidation phase before the next major move.
What’s Next for ChainOpera AI?
As the AI-blockchain narrative continues to dominate the market’s imagination, ChainOpera AI’s performance underscores a growing appetite for tokens bridging both technologies. The project’s long-term potential may depend on its ability to convert hype into real-world adoption, particularly in decentralized AI development and data monetisation.
For now, COAI stands as one of the few tokens defying the broader crypto chill, powered by a potent mix of AI enthusiasm, market volume and technical strength. Whether this surge marks the beginning of a sustained uptrend or a temporary rally will likely depend on continued investor conviction and broader sentiment within the AI token ecosystem.
