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The ParallelAI price soared 137% in the last 24 hours to trade at $0.305 as of 00:36 a.m. EST on trading volume that skyrocketed 318% to $2.5 million.
ParallelAI Price On A Continued Bullish Rally
According to the PAI/USDT, the ParallelAI price shows a clear bullish breakout. The price has surged upward after a period of consolidation, with a significant spike in both volume and price. The U-shaped pattern in the chart suggests a rounding bottom pattern, a classic bullish reversal pattern, according to data from GeckoTerminal.
PAI now trades well above the 50-day Simple Moving Average (SMA) at $0.14, confirming the continued bullish rally.
Moreover, the Relative Strength Index (RSI) is at 81.30, which is in overbought territory (above 70). This indicates strong buying pressure but warns of a potential short-term pullback or correction as the asset could be overextended. However, in strong uptrends, RSI can stay overbought for extended periods.
The MACD line (blue) is at 0.0191, above the signal line (orange) at 0.0163, a bullish crossover. This is a sign of growing bullish momentum, confirming the upward movement.
ParallelAI Price Prediction
According to the ParallelAI price analysis, PAI price is on a continued bullish rally, shown by the dramatic upsurge in the 4-hour candle from the $0.14 support. If this momentum continues the bulls could push the price of ParallelAI through the projected 31.95% surge, as they target $0.40.
However, the RSI now shows that PAI is overvalued, which may be a selling signal for the bears. In this scenario, the price of ParallelAI may plunge back to the $0.148 support zone.
Meanwhile, investors looking for cryptos on a similar trajectory to PAI might want to consider a new meme coin casino project called Memebet Casino (MEMEBET Token), which has just hurtled past the $464K mark in its presale.
YouTube channel Cryptonews, with over 10k subscribers, says that $MEMEBET Token could soar 100x after it launches.
Memebet Casino Rockets Towards $500K In Presale
Memebet Casino is a web and Telegram casino platform that is the first to allow a wide range of leading meme coins to be used for wagering.
It’s gaining traction for its strategic integration of gaming, crypto, and gambling. Its goal is to develop a decentralized platform where users can bet on various games and events using meme coins and its native token.
Not the casino we deserve but the casino we need 🎰 #MemeBet #Presale & #Airdrop coming soon! 🚀 #Memecoins, #Crypto gaming and more! 🎮🏆 $COIN $DOG $PEPE #SOL #RNDR pic.twitter.com/oR2xja6JFK
— MemeBet (@Memebetcasino) May 23, 2024
Memebet Token caters to the “degen” community, offering high-stakes gameplay, a global sportsbook that covers major leagues like the EPL and NBA, and a diverse selection of crypto-native games.
When the Telegram-based crypto casino opens, it will initially enable holders of Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), Bonk ($BONK) and Floki ($FLOKI) to play, but the team has also hinted at a major expansion to the roster of tokens that can be used for wagering.
Users can deposit these assets to wager on casino games, slots, and sports odds on the Memebet Casino platform.
Bro's asking the right questions 🧐#MemeBet #Presale & #Airdrop soon ⏰
The number one place for #Crypto gaming and more! 💥 🎰$FTM $BTC #SOL #Bonk #WIF #Doge #BOME #Altseason pic.twitter.com/NLds73vdTX
— MemeBet (@Memebetcasino) May 19, 2024
If you bet with $MEMEBET Token, you can increase your rewards through the platform’s play-to-earn system.
To join the presale, buy $MEMEBET Token on the official website here for $$0.0258 using USDT, ETH, or a bank card.
With a price increase scheduled in less than 1 hour, act fast to secure the best deal.
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