Crypto analysts are advocating that traders invest in AI Companions (AIC) as it has gained 4% in the last 24 hours leading up to October 30. The AIC token reached $0.1092 on the October 30 day end while its trading volume increased by 23% to $9.14 million.
AI Companions have been surging in the last week as it completed its first smart contract audit. The coin has been gaining ever since it announced the audit report last Sunday, October 27.
The token got listed on a number of crypto exchanges this month which further aided this surge in price as it enhanced its exposure and availability. AI Companions is expecting more Tier 1 crypto exchange listings in the future which might help in the upward trend.
All these factors led to the AIC token surge of more than 510% in the last two months resulting in a bullish performance ahead of the upcoming bull run.
AI Companions wide Bollinger bands narrowed down recently. However, the bands are back to being wide again as the AIC price dropped to the lower band. If this trend continues it would mean a bearish sentiment for the token.
The sideways movement of AI Companions RSI confirms that bearish signals are gaining momentum. It fluctuated between the overbought and neutral zone on October 30, before dropping to the oversold area.
This indicates that crypto traders were indulging in quick sell-off resulting in the RSI dropping but it can also lead to the RSI going close to the oversold zone at 30.
Once AIC reaches this stage crypto traders will go on a buying dip and cause a surge in AI Companions price. The token has been held back by the $0.13 resistance level. However, AIC will rally to a new all-time high when it crosses this barrier.
As of October 31 day end, AI Companions are down 23.21% as it trades at $0.08531 while its trading volume has decreased by 22.98% to touch $6.92 million. The digital has a market capitalization of $86.36 million which hasn’t changed in the last 24 hours.