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The Xai price has climbed 4% in the last 24 hours to trade at $1.03 as of 8:14 p.m. EST, with trading volume soaring 26% to reach $335 million.
XAI Price Sustains Bullish Momentum, Trades Within A Pennant
The XAI price indicates a bullish momentum as the bulls have found an anchor platform at the $0.57 support level, driving the price up to the resistance point at $1.23 and forming a bullish pennant, which indicates a bullish trend continuation.
Even though the price has dropped from the $1.23 resistance level at the upper boundary of the bullish pennant, it is currently just below the 50 Simple Moving Average (SMA).
There is a strong likelihood of a bounceback occurring at the lower boundary of the pennant, given that the price is currently trading above the 200 SMA.
Moreover, the golden cross at $0.62 affirms the general bullish momentum of the Xai price.
Though in a downward trend, the Relative Strength Index shows signs of rebound at 39 below the 50 midline level. If the bullish momentum is sustained, it could push the RSI above the 50 neutral points and into the 70 overbought levels, indicating intense buying pressure.
XAI Price Prediction: Bulls Aim For $1.52 Mark Above The Pennant
The general trend for XAI is bullish bias as bullseye a significant rise, targeting a 60% increase from the current price to $1.52.
Conversely, should the bearish momentum sustain, there is a risk of the price reaching the 200 SMA coinciding with the lower boundary of the pennant at $0.98. A breach of this crucial support level could signify a more protracted downtrend.
Meanwhile, as traders look for favorable entry positions into XAI, many investors are putting their money into the Meme Kombat GameFi project.
Meme Kombat Surpasses $7 Million In Presale, Eyes $8 Million Soft Cap
Meme Kombat has secured over $7 million in its presale, now within touching distance of its $8 million soft cap.
We've achieved an incredible milestone with $7 million raised in the $MK presale! 🎉
Congratulations, everyone! Now, let's rally together to reach $8 million and bring us even closer to our goal! 🚀🤩 pic.twitter.com/mh0yb8A0Pk
— Meme Kombat (@Meme_Kombat) January 18, 2024
The Meme Kombat team has set the hard cap at $10 million, and the price will remain at $0.279 per token until the $10 million hard cap is achieved.
$MK is on a meteoric rise, dominating the #memecoin space. Seize the opportunity and be part of the presale action: https://t.co/2x2FvsuR61
— Meme Kombat (@Meme_Kombat) January 16, 2024
Meme Kombat is an innovative gaming platform that gives users rewards for active betting and passive staking. This project ignites excitement for gaming enthusiasts in the crypto realm through a fusion of meme culture. It features tokenized battles, creating a unique and thrilling experience.
Get MK Tokens, Join The MK Season Kombat, Earn Rewards
You can participate in tokenized battles that showcase your beloved memes like Doge, Pepe, Wojak, and Shiba Inu. Season 1 of Kombat offers a lucrative chance to earn significant rewards, with 11 memes vying for the top title.
The Weekly Kombatant will be live in Discord on Wednesday⚔️
Come chat games, the P2E space and more importantly the future of Meme Kombat🥊https://t.co/9ZfngSSGUb pic.twitter.com/MWsbAGlNRC
— Meme Kombat (@Meme_Kombat) January 15, 2024
The upcoming MK Season 2 will bring improved features and experiences. It introduces new battle types that will offer gamers more opportunities for rewards and earnings.
Furthermore, you can join over 9,500 stakers by staking your MK tokens, where you can earn an annual percentage yield (APY) of 134%. So far, over 29 million MK tokens have been staked, with over 5.8 million rewards paid to users.
📣 Major Update 📣
The Meme Kombat Staking Dashboard is officially live and ready to be used by you!
Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
— Meme Kombat (@Meme_Kombat) November 9, 2023
Jacob Bury, a crypto analyst and YouTuber featured the Meme Kombat project in a recent video, and called it one of the three best presales to participate in 2024. He highlights reasons why you should not miss this big presale.
To buy MK tokens, head to the official Meme Kombat website, connect your Web 3 wallet, and exchange ETH, USDT, or BNB for MK tokens.
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