Blockchain

CorgiAI Price Prediction: CORGIAI Soars 94% in One Week, but Will These AI Presales Surpass It in 2024?

adminDecember 29, 2023

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The CorgiAI token has risen 94% in price over the past week, trading at $0.002568 as of 4 AM ET. This surge was accompanied by a 40% increase in trading volume in the last day alone.

Initially, CorgiAI’s price broke out of a rising parallel channel, indicating the potential for further upside. However, this breakout was short-lived and the price subsequently corrected and settled at the support level at $0.002480, which is in line with the channel midline.

CorgiAI’s recent price correction may be due to a combination of profit-taking activity and the natural decline that often follows overbought assets (a phenomenon that typically accompanies buyer fatigue). The Relative Strength Index (RSI) indicator for the CORGIAI/USD trading pair supports this view. This shows that RSI has consistently remained above the 70 level since December 19th, which indicates a typical overbought condition.

CorgiAI price prediction

CorgiAI’s Relative Strength Index (RSI) is currently trending downward, indicating a decrease in momentum, but this change does not necessarily invalidate the overall bullish sentiment surrounding the coin’s price.

For investors considering a short position in CorgiAI, it may be wise to wait until RSI falls below the 70 level before taking action. Conversely, those holding open positions may choose to hold them. There is a possibility that the RSI may reverse the downward trend, potentially strengthening CorgiAI’s continued upward trend.

Another key indicator, Parabolic Stop and Reverse (SAR), is currently positioned below the CorgiAI price with a support level of $0.002252. This positioning suggests that the potential for price appreciation remains valid as long as the SAR remains below the price.

If buying pressure intensifies above current levels, CorgiAI may make another attempt to break the channel’s upper trendline. A successful breakout will be further validated if the coin breaks above the $0.002946 resistance level and transitions into a new support layer.

In an exceptionally optimistic scenario, the price of CorgiAI could reach the $0.003500 psychological mark. Achieving this would represent a significant 30% increase over current price levels.

corgi eyecorgi eye
TradingView: CORGIAI/USD 1 day chart

However, it is important to consider the potential downsides of CorgiAI. Increasing selling pressure could lead to a downward price trend, initially losing support at the midline of the rising channel, currently at $0.002480. If this bearish momentum strengthens, CorgiAI could potentially experience a larger decline.

In a more severe scenario, such a downward move could push CorgiAI out of its current bullish technical configuration. This happens when the price of a coin breaks through and then flips the lower border of the rising channel into a new resistance level. These developments signal a significant shift in market sentiment and could lead to a decline in the value of AI cryptocurrency coins.

Meanwhile, experts expect better performance from YPRED and LPX, two AI cryptocurrencies that are included in analysts’ top 5 cryptocurrencies list and top 5 cryptocurrencies to buy before 2024 list.

A promising alternative to CORGIAI

LPX, the ticker of YPRED and Launchpad XYZ project, which powers the yPredict ecosystem, is one of the best cryptocurrencies to invest in soon. The two AI crypto coins present themselves as promising alternatives to CORGIAI, even though CorgiAI’s price risks losing its dominant strength. eyesight.

YPRED

yPredict is an all-in-one AI ecosystem tailored for developers, traders, quants, and analysts. The destination for anyone looking for real-time trading signals from innovative predictive models from the top 1% of AI experts and the most effective indicators for all assets.

The project is currently in the pre-sale phase and boasts outstanding sales of $5.84 million against a target of $6.507 million.

Investors who want to purchase YPRED can do so on the website, and each token will be sold for $0.11 during the 8 phases. Once listed, the token price will increase to $0.12.

Visit the yPredict website and purchase YPRED in pre-sale here.

Launchpad XYZ

This is the destination of choice for anyone looking for the next 10X trade, and it shows you how to find your next winning trade ahead of time. A consumer-focused portal providing insights and analysis on all Web3 sectors. It is delivered through a beautifully designed and humanized interface, making Web3 accessible to everyone.

Advertised as the most powerful trading infrastructure, LPX holders and community members will always enjoy a stable and fast trading experience.

The project is in the pre-sale phase and $2.309 million has been raised to date. Investors can purchase LPX for as little as $0.0445 with only 6 days and hours left at this stage. Remember, you can get a 2% bonus on your purchase in the pre-sale.

To purchase LPX in pre-sale here, visit Launchpad XYZ.

Also read:

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adminDecember 29, 2023

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