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The Devai price surged 45% in the last 24 hours to trade at $3.08 as of 05:24 a.m. EST on trading volume that surged 23% to $5.86 million.
This comes as artificial intelligence (AI) tokens surge following last week’s announcement by Nvidia (NVDA) that it had turned in lofty fourth-quarter earnings.
The news bolstered confidence in AI-related tokens, with Worldcoin’s WLD, SingularityNET (AGIX), and Fetch.ai (FET) all doing well.
Devai Price Breaks Out Of The Falling Wedge
At the start of February, the Devai price was in a consolidation phase. However, the bulls won the struggle, driving the price up. Despite this, the bulls faced resistance at the $3.3 mark, which enabled the bears to push the price downward, forming a falling wedge pattern.
However, the bulls have regained the momentum, supported by the falling wedge pattern, to drive the price up from the support level of $1.8.
0XDEV is currently trading above both the 50-day and 200-day Simple Moving Average (SMA), which is a confirmation of an impending bull rally. The Relative Strength Index (RSI) is trading on an ascending trajectory at 85, indicating intense buying pressure.
Moreover, the Moving Average Convergence Divergence (MACD) further supports the bullish sentiments, with the moving average line (blue) crossing above the signal line (orange). This indicates a bullish crossover, calling for investors to buy more, potentially driving the price higher.
The green bars are also extending on the upside from the zero line, indicating sportive momentum. Additionally, the Average Directional Index (ADX) is currently moving north at 34, indicating a very strong bullish trend.
Devai Price Prediction
The Devai price short-term analysis shows a bullish bias, supported by the breakout from the upper boundary of the falling wedge pattern. As the bullish momentum sustains, the bulls are aiming at breaching the $3.3 resistance, which will allow them to breach the upper boundary of the channel, aiming at $4.
However, if the bears interfere with the current price, the price may go down on a slight retrace to $2.15, which coincides with the 50-day SMA.
As the Devai price soars, investors are also buying Smog as an alternative investment, with analysts saying that it is set to outperform other Solana-based competitors like BONK, WIF, and MYRO.
New 100X Solana Memecoin: Smog Airdrop Set to Be The Greatest in History
Smog, the latest addition to the Solana meme coin frenzy, has been gaining traction and reaching unprecedented heights. Investors have been flocking to the project, with the opportunity it offers via its upcoming airdrop that it says will be ”the greatest in history.”
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
The team has allocated about 35% of Smog’s 1.4 billion total supply to its monumental airdrop.
Smog is also distributing $1,500 worth of tokens every day through airdrops to other meme coins. Its primary focus presently is on Bonk, Dogwifhat, Myro, and Samoyedcoin holders.
Buy $SMOG For A Big Giveaway, Stake For 42% Annual Rewards
There are multiple ways to qualify for the Smog airdrop. One major way is by buying and holding $SMOG tokens.
You can also participate in its gamified approach through Zealy tasks, where you complete different sets of tasks via challenges. This earns you airdrop points, which are then accumulated to determine the amount of airdrop you get.
There are over 10,000 airdrop members already on Zealy, having completed over 600,000 tasks.
Moreover, you can earn passively through Smog’s staking protocol, where you can earn an impressive 42% annual percentage yield (APY).
Jacob Bury, a crypto analyst and YouTuber, predicts Smog has the potential to surge 100X on launch.
The token has already garnered over 28,000 holders and a 65,000 cross-platform community, driving the market capitalization to around $44 million. With rumors of additional listings in the works, interested investors should act fast before new potential price pumps.
You can buy the SMOG token on its official website to be eligible for the historic airdrop.
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