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The AI Companions price surged 28% in the last 24 hours to trade at $0.08208 as of 6.10 a.m. EST on trading volume that jumped 20% to $4.7 million.
The newly launched cryptocurrency that only went live a little over a week ago saw a strong recovery from the losses experienced after its price reached the resistance at $0.080 on September 11.
The token spent nearly a full week fluctuating between $0.050 and $0.070, only for its value to see a sharp surge yesterday. As one crypto user stated on X, the drop that followed the token’s launch was the first expected dump after the presale. However, things took an unexpected turn due to FOMO, causing the price to start a recovery.
The project also attracted attention after it featured in CoinTelegraph, which gave it much-needed exposure.
🚀AIC Cointelegraph Feature🌐
We are thrilled to announce that AI Companions has been featured on @Cointelegraph —one of the world’s leading cryptocurrency news and informational platforms🔥
For an early-birth project like $AIC to be recognized by Cointelegraph is yet another…
— AI Companions (@AIV_Companions) September 18, 2024
Overall, the project had a fairly successful start, given the market’s volatility and the shift between bulls and bears which lasted throughout the summer and has even continued during September.
While the month has historically been marked by bearish dominance, September 2024 has been different so far, allowing some projects, including AI Companions, to thrive.
AIC Price Prediction
So far, the AI Companions Price has been growing with strength, but now, the token is back to the resistance at $0.080. While it initially managed to go beyond this figure and reach $0.082, the obstacle has not been broken yet, and it is still holding AIC from progressing further.
Furthermore, technical indicators suggest that the project is rapidly losing momentum, which means that the resistance might keep holding after all, and that a price rejection might be coming.
The AI token’s Bollinger bands have started closing in on each other, and the price has found itself between the two narrowing lines. At the time of writing, the price is still halfway between the two, but if the resistance rejects it, it might start pushing the lower band deeper down, marking a sharp contrast from the situation observed in the last few hours, when it pushed the upper band with a strong, bullish sentiment.
On the other hand, there is the project’s Relative Strength Index (RSI) — a metric commonly used by crypto traders to decide whether to start buying or selling. RSI displays the traders’ actions, with its value in AIC’s case mostly fluctuating in the neutral zone over the past two days.
However, a few hours ago, the RSI value sharply shot up from the neutral zone to the overbought area, mirroring traders’ activity as they started a mass purchase that pushed the price back to the resistance at $0.080. The RSI hit the value of 73.43, but as soon as it passed 70, many took it as a signal to start selling, which is why the price now struggles to breach the resistance.
The RSI dropped back to 54.73 as a result of a mass sale, which was followed by opportunity seekers buying the dip, which led the RSI back up, past the value of 65. Right now, the bears and bulls are in a conflict, which is likely to cause a sharp price rejection and retest the support at $0.070.
Promising Alternative To AI Companions
With the AI Companions price likely to see a rejection, investors should consider a safer alternative, such as a cryptocurrency that is still in presale, and therefore immune to market volatility.
One such candidate is Memebet Casino (MEMEBET Token) — a new meme coin that also doubles as a casino token.
The token will be a core part of the Memebet Casino, which describes itself as the only web and Telegram casino where you can wager with meme coins. As such, the casino could give a massive use case to the meme coin sector, further connecting and strengthening it.
The token’s ICO already raised around $244k in about a week. Its price sits at $0.0252, and you can buy it with ETH, USDT, or credit/debit cards.
However, MEMEBET Token will see a scheduled price increase in under three days, as its ICO continues to progress through stages leading up to the token’s launch, so buying sooner rather than later ensures that you get it at a lower price.
The so-called degen casino will also organize plenty of airdrops, with the first one scheduled to reward early birds who take advantage of the newly live Memebet Casino ecosystem. The project was also mentioned by numerous crypto experts, such as the ones running the crypto YouTube channel 99Bitcoins, which has more than 706k subscribers.
Buy MEMEBET Token on the official website here.
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