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The MyShell price plunged over 30% in the last 24 hours to trade at $0.3359 as of 9:55 p.m. EST as investors dump their holdings in the crypto on the market.
The steep correction in the SHELL price comes after the altcoin went live on Binance Alpha.
$SHELL is live on Binance Alpha https://t.co/zsKBZlZVy5
— MyShell.AI (@myshell_ai) February 13, 2025
MyShell Price Attempting To Clear Resistance
15-minute chart for SHELL/USD (Source: GeckoTerminal)
The MyShell price is attempting to flip the resistance level at $0.3660 into support, data from GeckoTerminal shows. Should the crypto establish a position above this technical barrier in the next 2 hours, it might have the foundation needed to rise to the subsequent resistance at $0.4074.
On the other hand, failure to clear the $0.3660 resistance or a sudden selloff could lead to a more bearish scenario playing out in the coming hours. Traders might then start to panic sell the altcoin, which could lead to the MyShell price testing the $0.3184 support. Thereafter, continued sell pressure might result in a plunge to as low as $0.2769.
Technicals Suggest Bulls Are Slowly Taking Control Of The MyShell Price
From a technical perspective, indicators on SHELL’s 15-minute chart suggest the altcoin’s price might rise in the next couple of hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing bullish signs.
In the last 2 hours, the MACD line has started to rise towards the MACD Signal line. This narrowing margin between the two technical indicators could be interpreted as an indication that SHELL’s negative trend is nearing its end.
If the MACD line crosses above the MACD Signal line in the next few hours, it could suggest that SHELL has entered a new positive trend. The MyShell price might start to rise as a result of the bullish shift in momentum.
Meanwhile, buyers seem to be growing stronger against sellers, as suggested by the RSI that crossed above the neutral 50 mark in the last couple of hours. Should bulls continue to accumulate strength, they could overpower sellers and drive the MyShell price up through the course of today.
As the MyShell price tries to recover from the recent correction, the presale for a new AI crypto rival called MIND of Pepe (MIND) has blasted past the $6 million milestone.
The strong ICO performance comes amid a series of bullish predictions by leading crypto experts. 99Bitcoins, a popular YouTube channel with over 721K subscribers, is among the experts who anticipate great things for MIND of Pepe’s future. In a recent video, an analyst from the channel said that the opportunity to invest in MIND early “is too good to pass up.”
The First AI Derivative Of The PEPE Brand
Pepe the Frog has served as the inspiration for several tokens over the years. Apart from the third largest meme coin Pepe (PEPE), other tokens have also been able to capture market attention by incorporating the frog mascot in their branding. Most recently, Wall Street Pepe (WEPE) and Pepe Unchained (PEPU) have raised millions through their respective presales.
Now, MIND of Pepe is looking to capitalize on the investor interest around Pepe-themed tokens, and positions itself as the first AI derivative of the major meme coin brand. Central to the project is a sophisticated AI agent that is trained to plug into social platforms and identify emerging trends in the crypto space through hive-mind analysis.
Once the AI agent spots a developing trend that could lead to a profitable trade opportunity, it shares its insights with the MIND of Pepe community through token-gated groups.
In addition to keeping an eye out for developing trends, MIND of Pepe’s AI also creates exclusive tokens within the MIND of Pepe Telegram community, and then interacts with influencers and traders online to accelerate the token’s traction. Since MIND of Pepe community members were given early access to these new tokens, they stand to profit if the tokens take off.
The AI agent can also form its own opinions and shape discussions online. In doing so, the MIND of Pepe AI model can start new trends that could benefit the project’s community as well.
Investors Rush To Buy MIND At Presale Prices
MIND has already raised more than $6 million through its ongoing presale, signaling strong investor confidence in the project’s future. With its appeal to both meme coin and AI agent crypto investors, it’s easy to see why a buying frenzy has erupted around MIND’s presale.
To get in on the ground stages of the project, investors can buy MIND via the widget on its site for $0.0033188 apiece using either ETH, USDT, BNB or bank card.
Buy MIND here before a presale price hike in 22 hours.
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