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The AI Companion price went ballistic with a 53% surge in the last 24 hours to trade at $0.06154 as of 11:42 a.m. EST as traders rush to buy the crypto.
With this meteoric rise, the AIC price has soared more than 243% in the past week.
The AI Companion Price Forms A Bullish Channel
1-hour chart for AIC/USDT (Source: TradingView)
The AI Companion price has printed a series of higher highs and higher lows on the 1-hour chart throughout the past trading day, resulting in the formation of an ascending channel. Should the crypto continue to trade within this bullish channel for the next 24 hours, AIC might have the momentum needed to flip the $0.066777 resistance level into support.
Breaking above $0.066777 could then give the AI Companion price the foundation needed to enter into a price discovery phase towards the upside. However, a rejection from this barrier might invalidate the bullish thesis. In this alternative scenario, AIC could fall out of the ascending channel and test the $0.050136 support.
If sellers decide to keep exerting pressure on the AI Companion price should it fall to $0.050136, then the altcoin might drop to the subsequent mark at $0.033810. An extremely bearish scenario could see AIC fall to $0.023448 in the short term.
The AI Companion Price About To Trigger Major Technical Flags
From a technical standpoint, indicators on AIC’s 1-hour chart suggest the crypto might continue climbing. Major bullish technical flags are on the verge of being triggered by both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators on the 1-hour chart.
Firstly, the RSI is about to cross above its Simple Moving Average (SMA). Should this intersection happen in the coming 12 few hours, it could indicate that buyers have gained the upper hand against sellers. What’s more, the RSI is currently valued in the high 70s. This suggests that there is still room for AIC to rise before it enters overbought territory.
Meanwhile, the MACD line is rising towards the MACD Signal line on the 1-hour chart. Traders generally see this as a sign that a crypto’s negative trend is approaching its end. The MACD line breaking above the MACD Signal line in the short term will indicate that the AI Companion price has entered a new bullish trend. AIC might subsequently rise.
While the AI Companion price tries to keep its bullish streak alive, investors are flocking to layer-2 meme coin Pepe Unchained (PEPU) for parabolic gains.
Unlocking PEPE’s Full Potential Through Layer-2 Technology
PEPE has risen the crypto ranks to become one of the largest meme coins by market cap. In order to compete with the top cryptos outside of the meme coin sector, something drastic will need to happen. Pepe Unchained (PEPU), with its layer-2 network, could be the catalyst that launches PEPE to the top of the broader market.
Up until now, PEPE’s potential has been hindered by high transaction fees and slow processing times due to its deployment on the congested Ethereum network. This has resulted in a sub-optimal experience for PEPE lovers.
Pepe Unchained will change this by shifting PEPE’s transactional work onto its own dedicated side chain. By doing this, PEPE fans will enjoy transaction speeds that are 100 times faster than any meme coin hosted on Ethereum. In addition to the high speeds, fees will also be slashed to a fraction of the cost.
Analysts and experts are excited about Pepe Unchained’s potential to enhance PEPE’s presence in the market. Its layer-2 network might also serve as a launchpad for future meme coin projects to usher the light-hearted sector of the crypto market into a new era of utility and functionality.
In a recent video to his 130,000 subscribers, popular YouTuber ClayBro said that Pepe Unchained could end up leading the meme coin sector.
A Frenzy Erupts Around PEPU During Its Presale Stage
More than $12.7 million has been raised through Pepe Unchained’s ongoing ICO, as investors bet big on the project’s future. This capital inflow is likely to continue given the 160% APY being offered to anyone who buys and stakes PEPU at this early stage.
Development is on schedule. Presale is on fire.
WAGMI💚 pic.twitter.com/YINaCnjdaY
— Pepe Unchained (@pepe_unchained) September 10, 2024
Gaining access to these staking rewards is easy. All investors need to do is purchase PEPU through the simple buy widget on its website, and then lock the newly-purchased tokens up through the staking page.
PEPU is selling for $0.0096126, and can be bought using either ETH, USDT or bank card. Investors looking to acquire the token at the best rate will want to hurry because its price is set to increase in less than 6 hours.
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