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The Stargate price soared 8,160% in the last 24 hours to trade at $0.01858 as of 02:49 a.m. EST on trading volume that surged to $177.56 million.
This comes after three top tech firms announced on Tuesday that they will create a new company called Stargate to grow artificial intelligence infrastructure in the US.
OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle Chairman Larry Ellison appeared at the White House Tuesday afternoon alongside President Donald Trump to announce the formation of the new company.
BREAKING: President Trump just announced the Project Stargate, the largest AI infrastructure investment in history at $500 billion.
— DogeDesigner (@cb_doge) January 22, 2025
Other companies are expected to join the initiative and help raise about $500 billion for the Stargate project over the next four years.
Stargate Price Could Be Gearing Up Towards A Bullish Trend Reversal
The Stargate price on the 5-minute chart exhibits a consolidation phase following a significant upward price surge.
The Stargate price chart shows an initial strong bullish move peaking near the $0.035 level, followed by a correction and the development of a descending triangle or wedge-like pattern, according to GeckoTerminal data.
This pattern often signals indecision in the market and suggests a potential breakout—either to the upside or downside, depending on the broader trend and momentum.
The price of Stargate currently trades near $0.01858, below the 50-day Simple Moving Average (SMA), which acts as a dynamic resistance level.
The sustained decrease in the trading range and reduced volume spikes indicate a period of accumulation or cooling off after the earlier volatility.
As a result of the continued downtrend within the falling wedge, Stargate has finally crossed below the 50-day Simple Moving Average (SMA).
The Relative Strength Index (RSI) currently reads 47.45, hovering near the neutral 50 level. This indicates a lack of strong momentum in either direction.
The RSI previously tested the oversold zone (below 30) and rebounded, suggesting that sellers are losing strength and buyers may regain control if the price breaks key resistance levels.
Stargate Price Poised For A Breakout
Given the current chart setup, the Stargate/USD pair appears to be approaching a critical juncture. The falling wedge pattern suggests that the price is coiling and preparing for a breakout.
If the Stargate price breaks above the wedge’s resistance and the 50-day SMA ($0.02041), we could see a retest of $0.025 and possibly the $0.030 levels.
A bullish breakout would likely be confirmed with increased volume and an RSI move above 60.
Conversely, if the price of Stargate fails to maintain support around $0.018 and breaks below the triangle, it may decline toward $0.015 or lower. A bearish breakdown would likely push the RSI into oversold territory, signaling further downside pressure.
As the Stargate price soars, investors are also snapping up a new AI agent crypto called MIND of Pepe (MIND), which 99Bitcoins, a popular crypto channel on YouTube with over 722K subscribers, says has the potential to soar 20X after its launch.
MIND of Pepe Presale Closes On $3 Million—Next Crypto To Explode?
MIND of Pepe is a bold new AI agent crypto that has already attracted a huge following, with its presale having raised more than $2.9 million in about one week.
One outstanding feature is its ability to analyze the emerging trends in the Web3 space on social media platforms, especially ‘Crypto Twitter,’ before they are widely recognized.
🚨 $MIND is Now Live in Upcoming Tokens! 🚨@MINDofPepe leverages the power of AI to help users identify new trends and exciting opportunities. The self-evolving AI agent interacts across platforms to deliver real-time updates.
Built on Ethereum, $MIND offers holders exclusive… pic.twitter.com/uyXFpYka5p
— Best Wallet (@BestWalletHQ) January 14, 2025
MIND doesn’t just passively observe, it actively engages with people, platforms, and communities that shape the market, and passes its intelligence to MIND holders.
MIND holders also have the opportunity to stake their tokens for a stratospheric 706% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0031762. Buy before a price hike in less than 2 days to lock in the best deal.
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