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The Artificial Superintelligence Alliance price has Soared 9% in the last 24 hours to trade at $1.39 as of 3:35 a.m. EST on a 25% surge in trading volume to $508 million.
Artificial Superintelligence Alliance Price Breaks From The Consolidation Zone
The price chart for the FET/USD trading pair on a 4-hour timeframe illustrates a strong bullish trend. FET’s price is moving within a clearly defined bullish channel, characterized by consistent higher highs and higher lows, indicating ongoing upward momentum.
A key support level is identified at the base of this channel at $0.8138, which acts as a foundation for the current uptrend. Notably, a Golden Cross has formed with the 50-period Moving Average (MA) crossing above the 200-period MA, further reinforcing the bullish outlook.
FETUSD Analysis Source: Dextools.io
However, the Relative Strength Index (RSI) is currently at 73.50, placing it in overbought territory. This suggests that while the upward momentum is strong, there could be a potential short-term pullback or consolidation.
The Moving Average Convergence Divergence (MACD) indicator also reflects this bullish sentiment, with the MACD line slightly above the signal line and positive histogram bars. Despite this, the proximity of the MACD lines hints at a possible weakening in momentum.
FET is in a robust uptrend, but traders should be cautious of possible short-term corrections. Monitoring the support level at the base of the channel and closely watching the RSI and MACD for signs of a reversal or continued strength will be crucial for making informed trading decisions.
Artificial Superintelligence Alliance Price May Continue The Uptrend
The FET price will likely continue its upward trend in the near term, supported by the bullish channel and the Golden Cross formation.
However, given that the RSI is in overbought territory and the MACD shows signs of weakening momentum, a short-term pullback or consolidation is possible before the next leg up.
If the price does pull back, it may find support at the lower boundary of the bullish channel or near the recent support level, which could present a buying opportunity.
Assuming the broader trend remains intact and the support levels hold, the price could continue to rise and potentially test higher resistance levels, possibly aiming for the $1.50 mark or beyond in the coming days.
However, if the momentum weakens significantly, breaking below the channel could signal a reversal, leading to a more extended correction.
SHIBASHOOT Presale Raises Over $1 Million: Best Meme Coin To Buy?
As FET traders anticipate a bull rally, more investors continue adding funds to the new Shiba Inu derivative Shiba Shootout (SHIBASHOOT), which has just stormed past $1 million in early funding.
According to crypto analysts and YouTuber Crypto Zeus, SHIBASHOOT may explode 100X after its launch.
Shiba Shootout offers more than just hype. It features a P2E game and a developing ecosystem. A simplified game version is now available on Google Play and the App Store, allowing early supporters to explore its concept.
Set in the fictional town of Shiba Gulch, the game immerses players in gunfights between Shiba Inu-themed cowboys, where they can earn SHIBASHOOT tokens and enjoy dynamic gameplay.
$SHIBASHOOT isn’t your average memecoin. 💯
It combines innovation and strategy with a Wild West theme. 🤩
Join us for fun events and a clear path to value! 🚀 pic.twitter.com/JW1vRcBbu1
— shibashootout (@shibashootout) August 26, 2024
Additionally, the game includes a Posse Rewards referral program, enabling users to recruit new members and earn tokens for themselves and their recruits.
Shiba Shootout operates with a DAO-like system featuring Token Governance Roundups where all SHIBASHOOT holders can vote on important project decisions.
🚀 Let the fun begin Sharpshooters!!!! 🚀
"May the best Meme win" 🤠 🤠
$50 cash prize to the winner!! 💸 🏆 💸
Post your $Shibashootout memes in our offical telegram group for a chance to win!!! https://t.co/b7R2u2mgDg#Meme #cryptocurrency #competition pic.twitter.com/fG1kxhegM8
— shibashootout (@shibashootout) August 24, 2024
Moreover, you can stake your tokens for an impressive 901% APY. Over 38 million tokens have already been staked.
Investors are quickly buying SHIBASHOOT at $0.02 per token through the official website’s buy widget. If you’re looking to purchase, you’ll need to act fast, because the price is set to increase in less than 6 days.
Buy SHIBASHOOT tokens here using ETH, USDT, or bank card.
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