- Bullish Pennant Formation Points To Upward Continuation
- AI Companions Price Action Favors The Bulls
- Layer 2 Meme Coin ICO Surpasses $13 Million
The AI Companions price has plunged 16% in the last 24 hours to trade at $0.05453 with a trading volume of $4.2 million. However, the formation of a bullish flag indicates a potential upward continuation.
Bullish Pennant Formation Points To Upward Continuation
The AIC/USDT pair in the 1-hour timeframe shows a bullish setup characterized by a bullish pennant formation. The breakout level is near $0.066642, coinciding with the 50 Simple Moving Average (SMA). A breakout above this level could trigger further bullish momentum, potentially pushing the price to approximately $0.0800.
AI Companions Price Action Favors The Bulls
The price action favors the bulls, especially if it breaks above $0.066642. A move to the $0.0800 region is possible if this breakout confirms. If the price dips below $0.0500, the bullish setup will be invalidated. The Relative Strength Index (RSI) stands at 51.99, gradually turning upward, indicating growing buying pressure.
Layer 2 Meme Coin ICO Surpasses $13 Million
The new Layer 2 meme coin, Pepe Unchained (PEPU), has raised over $13 million in its presale. The project plans to enhance transaction speeds and reduce fees by moving to its own sidechain. This improvement has attracted investor attention due to its high yield and enhanced functionality.
The AI Companions price shows a bullish pennant formation, indicating potential further rises. Investors' attention is also drawn to the new PEPU project, which promises improved transaction conditions and high yields.
