AI Companions Price Prediction: AIC Plunges 16% As The Pepe Unchained Meme Coin Rockets Past $13 Million In Presale

On Sep 13, 2024

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The AI Companions price has plunged 16% in the last 24 hours to trade at $0.05453 as of 7:23 a.m. EST on a 4% drop in trading volume to $4.2 million.

AI Companions Price: Bullish Pennant Formation Points To Potential Upward Continuation

The AIC/USDT pair in the 1-hour timeframe shows a bullish setup characterized by a bullish pennant formation. This pattern usually indicates a continuation of the preceding upward trend, with the price consolidating within a narrowing range after a strong increase.

The breakout level is near $0.066642, which coincides with the 50 Simple Moving Average (SMA) position. This level serves as immediate resistance, and a successful breakout above it could trigger further bullish momentum.

The 50 SMA currently acts as a critical threshold. If the price holds and moves beyond this point, it would validate the bullish pennant, signaling a potential upward continuation. The chart suggests a price target of approximately $0.0800 if the breakout occurs, offering a favorable risk/reward scenario for long trades.

AICUSDT Analysis Source: Tradingview

The Relative Strength Index (RSI), which stands at 51.99, gradually turns upward, shifting towards bullish momentum without being overbought. This strengthens the likelihood of a breakout, indicating intense buying pressure for the price of AI Companions.

However, as the price approaches the critical resistance around $0.066642, the MACD is on the verge of a bullish crossover. A bullish crossover occurs when the MACD line crosses above the signal line, confirming increasing bullish momentum and aligning with the expectation of a breakout from the pennant.

AIC Companions Price Action Favors The Bulls

Additionally, the price action favors the bulls, especially if it breaks above the $0.0666 level. If this breakout confirms, a move to the $0.0800 region is possible.

Given the setup and consolidation seen in the AIC/USDT pair, the MACD line and the signal line are likely relatively close together, reflecting the price’s sideways movement within the bullish pennant.

However, if the price dips below $0.0500, the bullish setup will be invalidated, potentially leading to a deeper correction.

This Blockbuster Layer 2 Meme Coin ICO Blasts Past $13 Million

Meanwhile, investors are flocking to buy the new layer 2 meme coin Pepe Unchained (PEPU), which has charged past $13 million in funds raised in its presale.

Prominent crypto analyst and YouTuber ClayBro, with over 130k subscribers, says Pepe Unchained is one of the largest ICOs this year and could even lead the meme coin sector after its launch.

High transaction fees and slow processing times, caused by its reliance on the congested Ethereum network, have negatively impacted OG PEPE’s performance, leading to a subpar user experience.

To address these issues, Pepe Unchained plans to move PEPE’s transactions to its own sidechain. This transition will boost transaction speeds up to 100 times compared to meme coins on Ethereum while significantly lowering fees to just a fraction of the current costs.

Lucky number 13! 🎉 We’ve hit $13M! pic.twitter.com/8M3vBNzdie
— Pepe Unchained (@pepe_unchained) September 12, 2024

Pepe Unchained’s Layer-2 network could also facilitate future meme coin projects, enhancing utility and functionality in this entertaining corner of the crypto market.

The project also offers an attractive 157% Annual Percentage Yield (APY) to early investors who buy and stake PEPU tokens.

To participate in the ICO, you can purchase PEPU now for $0.0096897 using ETH, USDT, or a bank card. With the price set to increase in less than 2 days, buy soon to secure the best deal.

Purchase PEPU tokens on the official website here.

Most Searched Crypto Launch – Pepe Unchained