The price of AI Companion (AIC) cryptocurrency surged 53% in the last 24 hours, reaching $0.06154 at 11:42 a.m. EST. Over the past week, AIC's value has soared 243%.
Formation of a Bullish Channel
The chart for the last trading day shows a series of higher highs and higher lows, forming an ascending channel. If the cryptocurrency continues to trade within this channel, it may convert the $0.066777 resistance level into support. Breaking this level could lead to further price discovery upward, while a rejection might lead to a decline to support at $0.050136 or lower.
Technical Indicator Expectations
Technical indicators on the 1-hour chart suggest that the cryptocurrency might continue to rise. The RSI crossing above its Simple Moving Average (SMA) and the MACD line rising towards the Signal line indicate the end of the negative trend and the beginning of a new bullish trend.
Pepe Unchained Presale
Pepe Unchained (PEPU), a new layer-2 meme cryptocurrency, has attracted investors' attention by raising more than $12.7 million during its ICO. High transaction speeds and low fees could further boost PEPE's popularity.
The 53% rise in AI Companion's price has drawn traders' attention, while technical indicators and chart formations provide further growth prospects. Meanwhile, the Pepe Unchained project shows promising results in its presale, promising revolutionary changes for meme cryptocurrencies.
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