{"id":468342,"date":"2023-12-27T16:00:38","date_gmt":"2023-12-27T16:00:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=468342"},"modified":"2023-12-27T11:56:30","modified_gmt":"2023-12-27T11:56:30","slug":"corgiai-price-prediction-corgiai-soars-94-in-a-week-but-will-these-ai-presales-outshine-it-in-2024","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/corgiai-price-prediction-corgiai-soars-94-in-a-week-but-will-these-ai-presales-outshine-it-in-2024","title":{"rendered":"CorgiAI Price Prediction: CORGIAI Soars 94% In A Week, But Will These AI Presales Outshine It In 2024?"},"content":{"rendered":"

The CorgiAI token has witnessed a 94% increase in its price over the past week, trading at $0.002568<\/a> as of 4:00 a.m. EST. This surge is accompanied by a 40% rise in trading volume in the last day alone.<\/p>\n

Initially, CorgiAI’s price managed to break free from an ascending parallel channel, signaling a potential for further upward movement. However, this breakout was short-lived, and the price has since adjusted, settling at the support level of $0.002480, which aligns with the midline of the channel.<\/p>\n

This recent correction in CorgiAI’s price can be attributed to a combination of profit-taking activities and the natural pullback that often follows an overbought asset, a phenomenon typically accompanied by buyer exhaustion. The Relative Strength Index (RSI) indicator for the CORGIAI\/USD trading pair reinforces this view. It shows that the RSI had consistently remained above the 70 level since December 19, a classic indication of an overbought condition.<\/p>\n

CorgiAI Price Prognosis<\/h2>\n

While the Relative Strength Index (RSI) for CorgiAI is currently trending downwards, indicating a decrease in momentum, this shift doesn’t necessarily negate the overall bullish sentiment surrounding the coin’s price.<\/p>\n

For investors considering short positions in CorgiAI, it may be prudent to wait until the RSI falls below the 70 level before taking action. Conversely, those holding open positions might opt to maintain them. There’s a possibility that the RSI could reverse its downward trend, potentially reinforcing a continued uptrend for CorgiAI.<\/p>\n

Another key indicator, the Parabolic Stop and Reverse (SAR), is currently positioned below the CorgiAI price, providing a support level at $0.002252. This positioning suggests that as long as the SAR remains below the price, the potential for an upward price movement remains viable.<\/p>\n

Should buying pressure intensify above the current levels, CorgiAI might well make another run at breaking above the upper trendline of its channel. A successful breakout would be further validated if the coin surpasses and converts the $0.002946 resistance level into a new support floor.<\/p>\n

In an exceptionally bullish scenario, CorgiAI’s price could surge to reach the $0.003500 psychological mark. Achieving this would represent a significant 30% increase from its current price level.<\/p>\n

\"CORGIAI\"<\/a>
TradingView: CORGIAI\/USD 1-day chart<\/a><\/figcaption><\/figure>\n

However, it’s important to consider the potential downside risks for CorgiAI. Increased selling pressure could lead to a downward trend in its price, initially causing it to lose support at the midline of the ascending channel, currently at $0.002480. If this bearish momentum intensifies, CorgiAI could potentially experience a more significant decline.<\/p>\n

In a more severe scenario, such downward movement could result in CorgiAI falling out of its current bullish technical formation. This would occur if the coin’s price breaks through and then flips the lower boundary of the ascending channel, turning it into a new resistance level. Such a development would indicate a substantial shift in market sentiment and could lead to further depreciation of the AI cryptocurrency coin.<\/p>\n

Meanwhile, experts anticipate better performance from YPRED and LPX, two AI crypto coins that have featured among analysts’ top picks<\/a> and the list of top five crypto coins to buy before 2024.<\/p>\n