Join Our Telegram channel to stay up to date on breaking news coverage
The DeepSeek AI price plunged 76% in the last 24 hours to trade at $0.000000000004663 as of 02:46 a.m. EST on trading volume that surged to $906K.
This drop in the DEEPSEEK price comes as OpenAI says that it has found evidence that Chinese artificial intelligence (AI) start-up DeepSeek used the US company’s proprietary models to train its open-source competitor. This has intensified concerns over a potential breach of intellectual property.
👀 DAVID SACKS: “There is substantial evidence that what DeepSeek did here is they distilled the knowledge out of OpenAI’s models, and I don’t think OpenAI is very happy about this.” pic.twitter.com/IYXKwBbUh1
— Chief Nerd (@TheChiefNerd) January 29, 2025
DeepSeek AI Price Eyes Potential Breakout
On the 15-minute chart, the DeepSeek AI price initially saw a strong bullish surge before entering a consolidation phase and subsequent downtrend likely due to the allegations from Open AI.
During this decline, the price action formed a falling wedge pattern, a typically bullish formation characterized by lower highs and lower lows converging into a tightening range.
Currently, the DeepSeek AI price is testing the upper boundary of this wedge, which suggests a breakout attempt is underway, according to GeckoTerminal data. If the price successfully breaks above this resistance, it could trigger a move higher.
However, the token remains below the 50-period Simple Moving Average (SMA) on the 15-minute chart, which is acting as dynamic resistance at $0.000000000006436. A confirmed breakout above this level could strengthen the case for a bullish trend shift.
Additionally, the Moving Average Convergence Divergence (MACD) indicator is turning bullish, with the blue MACD line attempting to cross above the orange signal line. This is a classic buy signal that indicates weakening bearish momentum.
If this crossover completes, it could provide further confirmation of a potential rebound.
DEEPSEEK Price Prediction
Given the formation of a falling wedge, the improving MACD, and the potential breakout above the 50-period SMA, the DeepSeek AI price is at a critical inflection point.
If the breakout materializes with increased volume, the price could target the next resistance near $0.000000000006436 (50-period SMA) and eventually push toward the 200-period SMA at $0.000000000015386.
However, failure to break out could lead to a continuation of the downtrend, with support at the lower wedge boundary. A break below this level would invalidate the bullish scenario and could lead to further downside, with support forming around $0.000000000003178.
As the Deepseek AI price soars, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND), which 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, says has the potential to soar 20X after its launch.
MIND Of Pepe Presale Garners Over $4.2 Million In Parabolic Presale
MIND of Pepe is a self-evolving artificial intelligence (AI) agent that has captured the attention of the crypto community, as it soars towards the $5 million mark in early-stage funding within just 2 weeks.
It is a groundbreaking project that combines advanced AI with blockchain technology to redefine how traders navigate the complex cryptocurrency market. Built on the Ethereum blockchain, the project’s AI agent is capable of learning, analyzing, and interacting autonomously online.
🚨 $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
One standout feature is its ability to detect emerging trends in the Web3 space—especially on social media platforms like ‘Crypto Twitter’—before they gain widespread recognition.
MIND of Pepe’s AI agent goes beyond passive observation; it also actively interacts with key individuals, platforms, and communities shaping the market, delivering its insights directly to MIND holders through token-gated groups.
Currently, MIND tokens are priced at $0.0032144, and can be bought with either crypto or bank card via the easy-to-use widget embedded on the project’s website. MIND holders also have the opportunity to stake their tokens for a stratospheric 522% annual percentage yield (APY).
Buy MIND here before a price hike in less than 13 hours to lock in the best deal.
Related News:
- OpenAI Says China Competitor DeepSeek Used ChatGPT Data To Train Its AI Model
- DeepSeek Worries Trigger Meme Coin Selloff
- XYO Network Price Soars 34% And This Might Be The Next Crypto To Explode
Newest Meme Coin ICO - Wall Street Pepe
Join Our Telegram channel to stay up to date on breaking news coverage
