Join Our Telegram channel to stay up to date on breaking news coverage
The ParallelAI price soared 21% in the last 24 hours to trade at $0.3826 as of 00:59 a.m. EST on trading volume that plunged 25% to $1.9 million.
ParallelAI Price To Continue Soaring
Based on our previous analysis, the ParallelAI price has sustained its bullish stance, touching the projected target at $0.40, according to data from GeckoTerminal.
The price of ParallelAI has recently broken out of a consolidation zone (highlighted in yellow), where it was moving sideways for a while within the $0.101 range. This breakout is significant and accompanied by a spike in volume, indicating strong momentum.
The ParellelAI price has now crossed above the 50-day Simple Moving Average (SMA), confirming the recent uptrend in the short term.
Moreover, the Relative Strength Index (RSI) value is 74.85, which is in the overbought territory (typically above 70). This suggests that the asset might be overextended in the short term, meaning a pullback or some consolidation could occur soon. However, in strong uptrends, the RSI can remain overbought for extended periods, so this is not necessarily a reversal signal on its own.
The MACD lines (blue and orange) sit above the zero line, indicating bullish momentum. Additionally, the positive MACD histogram (green bars) suggests that this bullish momentum is strengthening. Furthermore, the MACD line (blue) is positioned above the signal line (orange), signaling that upward momentum is likely to continue.
ParallelAI Price Prediction
The ParallelAI price action shows a breakout from a rectangular consolidation pattern, indicating a potential continuation of this upward trend. If this momentum continues, PAI could rise even further above the previous $0.40 resistance, as the bulls target $0.50, a projected 29.38%.
However, the RSI now shows that the PAI price is overbought. This might be a selling signal for the bears, which could push the ParallelAI price back to the $0.17 support (50-day SMA).
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 $467K mark in its presale.
YouTube channel Cryptonews, with over 10k subscribers, says that $MEMEBET Token could soar 100x after it launches.
Memebet Casino Heads For $500K – Next Crypto To Explode?
MEMEBET Token is the native cryptocurrency of Memebet Casino, a web and Telegram casino platform that is the first to allow a wide range of leading meme coins to be used for wagering.
The casino, designed for the “degen” community, allows users to wager with popular meme coins like Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), Bonk ($BONK) and Floki ($FLOKI), making it the first platform of its kind.
Built on Ethereum, Memebet Casino ensures a secure, transparent, and fair gaming experience. It’s integrated with Telegram, offering a no-KYC setup for seamless play.
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
99Bitcoin, one of the largest crypto education channels on YouTube with over 706K subscribers, says $MEMEBET Token could outperform all other Telegram gaming tokens after it launches.
$MEMEBET tokens are selling now for $0.0259 each. With a price increase coming in about 3 days, don’t wait too long to lock in the best deal.
Buy MEMEBET Token on the official website here.
Related News
- Best Crypto Apps – Top 7 Crypto Trading App Platforms
- How to Buy Bitcoin with Debit Card
- Litecoin Price Prediction: LTC Pumps 7% After Canary Capital Litecoin ETF Filing As Experts Say This Staking Meme Coin Could Soar 100X
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
Join Our Telegram channel to stay up to date on breaking news coverage
