ChainOpera AI (COAI) has risen over 500% in two days, driven by three major catalysts pushing the price towards $6.67.

ChainOpera AI (COAI) has shown astonishing performance recently, with a big pump of 541% in just two days, and by the time of writing, the price is close to $4.38, once again recording an increase of over 50%. This rapid rise is mainly driven by three catalysts: bullish sentiment in the crypto AI sector, listings on mainstream exchanges such as Bybit and Aster, and the potential listing expectations brought by support from the CEX Alpha project. Technical Analysis indicates that under strong market trends, the next target price for COAI may reach $4.78 and $6.67.

COAI big pump driving force: exchange effect and potential CEX coin listing expectations

The astonishing rise of COAI is not a coincidence, but rather driven by multiple positive factors from fundamentals and market sentiment.

· Trading volume surges: As the price rises, market participation significantly skyrockets, and COAI's trading volume has big pumped 75% to $200 million in a short period.

· Exchange Listing: A key catalyst driving the momentum of ChainOpera is its successful listing on multiple mainstream exchanges.

· Launch of leading CEX expectation: The ChainOpera AI project has received support from CEX Alpha, greatly increasing its chances of being listed on that CEX in the future. In the encryption market, listings on top exchanges are always key price pump events.

· Industry sentiment: Another driving factor is the shift in sentiment across the encryption AI sector, which began to heat up after the collaboration between AMD and OpenAI, with COAI benefiting greatly as a rising star in this field.

Derivatives data reveals strong buying support

The data from the derivatives market further confirms the health and sustainability of the rise in COAI, with bulls holding an absolute dominance.

· Open Interest (OI) Surge: According to data from the CoinGlass tool, the open interest (OI) for COAI has significantly soared in the past 24 hours, increasing from $169.51 million to $207.69 million, a rise of 22.53%. This indicates that COAI's rebound is strong and supported by active buying, rather than just a temporary price fluctuation.

· Strong bullish sentiment: The OI weighted funding rate of COAI has reached 0.3528%, this high rate indicates that long positions are paying fees to short positions, reflecting the market's strong bullish sentiment and traders' confidence.

· Bullish Dominance: As of the deadline, the main clearing level of COAI shows that bulls have established a position of $2.17 million at a low level of $4.2366, while bears have only established a position of $0.98215 million at a high level of $4.5446, indicating that bulls have a strong dominant position in the asset.

Technical Analysis: Price Target Predictions Under Strong Trends

(Source: TradingView)

According to the Technical Analysis of the hourly chart, COAI is currently in a clear pump trend with strong momentum.

· Market Trend Strength: The Average Directional Index (ADX) has reached 71.84, far exceeding the threshold of 25, indicating that the market trend is very strong and the current price movement has significant momentum.

· Potential price targets: Predicting potential price levels is challenging due to limited data. However, based on trend-based Fibonacci Extension tools, it is predicted that if the bullish momentum continues, COAI's next target price levels will be $4.78 and $6.67.

Conclusion

ChainOpera AI (COAI)'s explosive performance is a product of the exchange listing effect, the potential positive expectations for CEX coin listings, and the overall optimistic sentiment in the encryption AI industry. The surge in open interest in the derivatives market and the high funding rates strongly support the current bullish market pattern, indicating that COAI's rise is not a bubble, but rather a real demand from active buying. The extremely strong trend signals from technical indicators and Fibonacci's high-level predictions provide guidance for COAI's further upward movement. Investors should closely monitor the key targets of 4.78 dollars and 6.67 dollars, while being wary of the rapid shifts in market sentiment under heightened bullish emotions.

Disclaimer: This article is for news information only and does not constitute any investment advice. The encryption market is highly volatile, and investors should make cautious decisions.