$COAI/USDT: February 22 – Bearish Momentum Resumes After Failed Breakout
ChainOpera AI is trading at $0.280**, down **-5.08%** today as sellers regain control following a failed rally above **$0.31 earlier this week. The price is now retesting critical support levels with weakening momentum .
📊 Chart Analysis: Descending Triangle Breakdown
· Current Price Action: COAI is forming lower highs since the February 14 peak of $0.44**, creating a clear descending channel. Today's low of **$0.276 threatens the $0.28 psychological support .
· Key Levels: Immediate resistance at $0.295** (20 EMA). Major support at **$0.265—a break below opens the door to $0.25** (February lows). The 50-day SMA sits at **$0.32, now acting as overhead resistance .
· Technical Signals: Oscillators are flashing bearish crossover signals, with the RSI hovering near 42, still room to fall before oversold .
💰 Volume & Market Context
· 24-hour volume stands at **$15.2M**, below January's $38M peaks but still active. The volume profile shows selling pressure increasing on each rally attempt .
· Market cap now **$52.6M**, down from $77M on Valentine's Day. The token remains -99.4% below its October 2025 ATH of $44 .
🎯 Trade Plan: Bears in Control
· BEARISH (Higher Probability): Look for entries on pullbacks to $0.288-0.295**. Stop above **$0.30. Targets: $0.268** (first), then **$0.255 (February low retest) .
· BULLISH INVALIDATION: Only if daily closes **above $0.305** with volume >$20M. Then target $0.33.
· AVOID: Catching falling knives before $0.265 support confirms.
🧠 Verdict: The post-Valentine's hangover continues. Lower highs + lower lows = textbook downtrend. Patience beats aggression here. Wait for support to hold before diving in. 🛡️📉
