Growing demand for PAI as fresh wallets accumulate hundreds of thousands in tokens, signaling strong investor interest.
PAI shows bullish momentum, with resistance at 0.6000 and a possible breakout targeting 0.8000 if momentum holds.
Spot On Chain’s tracking of AI tokens like PAI offers early signals, catching attention as Bitcoin nears a potential new ATH.
PAI token has shown promising activity, attracting fresh investments and signaling potential gains as it bounces off key support levels. Recently, two new wallets accumulated PAI holdings, with one collecting 200K tokens and another acquiring 800K tokens before redistributing. This surge reflects increasing investor interest, especially as Bitcoin nears a potential all-time high (ATH) by year-end, sparking speculation of a forthcoming altcoin bull season.
https://twitter.com/spotonchain/status/1851853119010795905 New AI Tokens Capture Investor Attention
Spot On Chain has tracked several new AI tokens alongside high-cap alternatives. With $720K in first-time PAI purchases in just a week, smart traders have taken notice of this AI token's growth potential. Wallet accumulation of PAI is, as two wallets added hundreds of thousands of tokens, demonstrating trust in the token's upward trajectory.
Fresh wallet 0xb639f72 accumulated 800K PAI before distributing across multiple wallets, indicating strategic trading activity. Moreover, wallet 0xa42440 has acquired 200K tokens, showing strong demand from individual wallets as PAI’s appeal expands.
Technical Analysis: Support and Resistance Levels
The PAI/WETH pair is currently trading near 0.4260, showing positive momentum since October. Initial accumulation around 0.2000 was followed by a breakout, pushing the pair to a resistance near 0.6000. The consolidation between 0.2000 and 0.6000 suggests a phase of market indecision, reflecting a balance between buyers and sellers.
https://twitter.com/snupthedog/status/1851670468748550565
Recently, PAI/WETH rebounded from the 0.2000 support, with bullish momentum bringing it close to the 0.6000 resistance. A breakout above this level could see the pair targeting an upper resistance at 0.8000, signaling a potential continuation of the uptrend.
Chart Pattern and Future Outlook
A head-and-shoulders pattern has emerged, adding a bullish signal for PAI’s trajectory. This pattern, alongside recent price movement, suggests a possible trend reversal favoring further gains. If bullish sentiment holds and PAI surpasses 0.6000, traders could expect the pair to approach the 0.8000 resistance level.
Spot On Chain’s focus on early signals and strategic AI token investments, such as PAI, continues to highlight opportunities in the changing AI-focused crypto landscape. With Bitcoin eyeing a potential ATH, PAI could see accelerated growth, particularly if altcoin season materializes.
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