COAI Price Eyes a New All-Time High Post-Breakout, but One Risk Remains

Core Insights - ChainOpera's (COAI) price has surged over 50% in the last 24 hours, indicating strong trader interest following its breakout on the 4-hour chart [1] - The breakout from a symmetrical triangle pattern suggests potential for continued upward movement, although a short-term pullback may occur [2] - Large wallets have resumed accumulation of COAI, with a significant threshold at a CMF crossing above 0.06 indicating renewed interest from whale investors [3] Market Dynamics - The Money Flow Index (MFI) has been increasing since October 14, reflecting active retail participation, but indicates that buying is primarily occurring during price strength rather than dips [4] - The Relative Strength Index (RSI) shows a bearish divergence, suggesting slowing momentum despite COAI's price making higher highs, which could lead to a brief correction [5][6] Price Levels and Projections - COAI is currently trading near $23, with resistance levels identified at $26, $31, and $38; a daily close above $31 would confirm a continuation pattern towards a potential retest of the previous all-time high near $45 [7] - Support levels are positioned at $21 and $15; a rebound from these levels would indicate continued buyer control, while a drop below $15 could negate recent gains [8]