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The AI Companions price has slumped 15% in the last 24 hours to trade at $0.08219 as of 7:45 a.m. EST on a 14% plunge in trading volume to $5 million.
AI Companions Price Is Trading In A Consolidation Phase
The AIC/USDT on the 4-hour timeframe has been trading within a bearish channel, characterized by lower highs and lower lows, signaling a short-term downtrend. This downward movement persisted throughout late September into early October. Eventually, the price broke out of the channel, which often signals a potential reversal.
However, the price has been fluctuating around the 50 Simple Moving Average (SMA), which is acting as a dynamic resistance level. The current price is near $0.0886, and how it reacts around this SMA could be crucial in determining the next significant price move.
AICUSDT Analysis Source: Tradingview
A strong support zone around $0.08 has provided a floor for the price on multiple occasions. This level remains a critical point for buyers to maintain, as a breakdown below it could lead to further declines. On the other hand, if the price holds above this support and the 50 SMA, there is potential for an upward move towards the next resistance, potentially above $0.10.
The Relative Strength Index (RSI) stands at 47.72, which places the market in a neutral zone. This indicates that neither buyers nor sellers have a significant advantage, and the AI Companions price could move in either direction depending on market conditions.
While the recent breakout from the bearish channel hints at a potential upside, the price needs to maintain its position above the support zone and the 50 SMA to confirm further bullish momentum. However, if the support fails, a retest of lower levels around $0.06 could be in play.
Pepe Unchained Storms Towards $20 Million: Next Meme Coin To Explode?
As the AI Companions price gears up for a possible bullish rally, layer-2 competitor Pepe Unchained (PEPU) has amassed $18.5 million in funding in its presale, one of the most successful of the year.
The funding surge has been boosted by some whale activity, with recent purchases featuring a $50K buy and two others of $16K and $15K.
Popular YouTuber Austin Hilton, with over 275K subscribers, has revealed that he’s doubling down on his investment in PEPU by adding another $10K.
Pepe Unchained (PEPU) is the first PEPE derivative to come with its own proprietary blockchain, and the idea behind it is to ”unchain” the OG PEPE from its old, clunky blockchain.
Pepe’s development has been hampered by slow transactions, high fees and poor scalability, things the new PEPU network’s high-speed, lower-cost, scalable layer-2 network is designed to fix.
Pepe Unchained L2 Sneak Peek!
What we’re building is not just a new chain, but an entire ecosystem.
Pepe Unchained L2
Block Explorer
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Builder GrantsPepe Unchained is coming. And it’s going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
Pepe Unchained is also opening its ecosystem to decentralized applications (dApps), supported by a developer grant program that gets underway this quarter.
PEPU offers an attractive 117% annual percentage yield (APY) for investors who buy and stake their tokens.
Currently priced at $0.00995, PEPU can be purchased using ETH, USDT, BNB, or bank cards. Buy soon if you are interested because the price will increase in less than 23 hours.
Buy PEPU on the official website here.
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