{"id":527153,"date":"2024-05-29T15:15:49","date_gmt":"2024-05-29T15:15:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=527153"},"modified":"2024-05-29T15:15:49","modified_gmt":"2024-05-29T15:15:49","slug":"xai-price-prediction-xai-surges-8-as-cathie-wood-pumps-60m-into-elon-musks-xai-startup-and-this-ai-meme-coin-ico-goes-ballistic","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xai-price-prediction-xai-surges-8-as-cathie-wood-pumps-60m-into-elon-musks-xai-startup-and-this-ai-meme-coin-ico-goes-ballistic","title":{"rendered":"xAI Price Prediction: XAI Surges 8% As Cathie Wood Pumps $60M Into Elon Musk’s xAI Startup And This AI Meme Coin ICO Goes Ballistic"},"content":{"rendered":"

The xAI price<\/a><\/span> surged<\/span> more than 8% over the past 24 hours to trade at $0.0000008087 as of 7:40 a.m. EST as investors rush to buy the crypto.<\/span><\/p>\n

The XAI price jump follows a $60 million commitment from Cathie Wood’s <\/span>ARK Invest<\/span><\/a> to Elon Musk’s xAI startup. ARK revealed that it holds a stake in the business through a May 28 email sent to its clients.<\/span><\/p>\n

This allocation towards Musk’s company represents around 2% of the Ark Venture Fund’s holdings, according to a Bloomberg <\/span>report<\/span><\/a>.<\/span><\/p>\n

The XAI Price Forms A Bullish Channel<\/span><\/h2>\n

\"XAI<\/p>\n

4-hour chart for XAI\/USD (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n

A positive channel has formed on XAI’s 4-hour chart after the <\/span>xAI<\/span><\/a> price printed a series of higher highs and higher lows over the past 24 hours. In the last 8 hours, the altcoin managed to overcome the $0.0000007727 resistance. Traders are now attempting to push the xAI price above the next key barrier at $0.0000008184.<\/span><\/p>\n

If the altcoin closes a 4-hour candle above this threshold within the next 12 hours, XAI could have the technical foundation needed to keep rising in the short term. Conversely, the XAI price not closing a 4-hour candle above $0.0000008184 within the coming 12 hours might invalidate this bullish thesis.<\/span><\/p>\n

In this alternative scenario, the xAI price could retest the aforementioned $0.0000007727 mark. Losing this support level might then expose XAI to the risk of dropping to $0.0000007306. In an extremely bearish scenario, the crypto could even plunge to as low as $0.0000006867.<\/span><\/p>\n

The XAI Price Could Keep Rising Due To Strong Technical Support<\/span><\/h2>\n

Technical indicators on XAI’s 4-hour chart suggest the crypto might keep climbing in the next 24 hours. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are flagging bullish.<\/span><\/p>\n

XAI currently finds itself in a short-term bullish cycle, which is evident by the MACD line’s position above the MACD Signal line. The margin between the two lines is also growing. Traders usually see this as a sign that a crypto’s positive momentum shows no signs of slowing down just yet.<\/span><\/p>\n

Meanwhile, buyers are dominating XAI’s 4-hour chart as well. This is signaled by the RSI’s current value of 76. However, investors and traders will want to keep an eye on this technical indicator.<\/span><\/p>\n

Although an RSI value above 50 signals buyer strength, XAI’s RSI warns that the crypto is currently overbought. Traders could start to identify this high value as a short signal, given it suggests XAI’s downside potential might be greater than its upside potential.<\/span><\/p>\n

The investor frenzy surrounding XAI could carry over to other AI cryptos like AI-powered meme coin <\/span>WienerAI<\/span><\/a> (WAI).<\/span><\/p>\n

A Powerful AI Trading Companion<\/span><\/h2>\n

WienerAI is unlike any other canine-themed meme coin that came before it because it is backed by powerful AI technology. With sophisticated computer models that are fine-tuned to trade the crypto market, WienerAI is looking to serve as a loyal companion for traders.<\/span><\/p>\n

Up until now, a major barrier to entry for anyone looking to take advantage of AI is how difficult it is to interact with the powerful computer models. Through WienerAI’s simple interface, users can gain access to an enhanced trading experience that gives them the ability to make more informed investment and trading decisions.<\/span><\/p>\n

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🌭Wiener AI is on the move!🌭<\/p>\n

Big day for our development team. The AI Trading Bot interface is getting closer to completion. pic.twitter.com\/AntAqQVnsr<\/a><\/p>\n

— WienerAI (@WienerDogAI) May 28, 2024<\/a><\/p><\/blockquote>\n