The AI Companions (AIC) token experienced a significant recovery following a post-launch decline earlier in September.
The token reached a price resistance level of $0.080 on September 11 after a period of fluctuation between $0.050 and $0.070. Over the last few days, the price of AIC surged by approximately 58%, reflecting renewed market interest.
Market experts suggest that the initial price drop after the launch was expected, following the conclusion of the presale. Fear of missing out (FOMO) among investors contributed to the tokenâs notable recovery. However, the current market shows the token struggling to surpass key resistance levels.
Market Sentiment and Technical Indicators
As of today, the live price of AI Companions (AIC) stands at $0.088952, with a 24-hour trading volume of $4,476,004. The token has experienced a 6.00% decrease in value over the last 24 hours.Â
AI Companions currently holds the #2707 ranking on CoinMarketCap, though the live market cap and circulating supply data remain unavailable. The tokenâs maximum supply is set at 1,000,000,000 AIC coins.
Price charts indicate the token is positioned between two Bollinger bands, currently resting in the midpoint. If AIC fails to breach the upper band, there is a risk that other tokens, such as RCOF, could outperform it in the market.
An analysis of the price movement on September 23 reveals several fluctuations in the value of AIC. The tokenâs price ranged between $0.09441 and $0.087 USD throughout the day.Â
Source: CoinMarketCap
While there were brief upward spikes between 4:00 AM and 9:00 AM, buying interest was short-lived. After these spikes, the price resumed its downward trend, particularly after 9:00 AM, reaching a low of $0.087 USD by midday.
This decline reflects bearish market sentiment, with selling pressure driving the price lower. The overall trend of the day was marked by high volatility, as the token experienced frequent, sharp price changes.
Technical Analysis on MEXC Exchange
On the MEXC exchange, the price of AIC was recorded at $0.100123, reflecting a 3.54% increase. The chart shows an upward trend, followed by a period of price consolidation. Resistance and support levels around $0.10 are evident, with price movements suggesting indecision among traders.
Source: TradingView
The MACD (Moving Average Convergence Divergence) lines indicate sideways momentum, with no strong signs of bullish or bearish trends. The RSI (Relative Strength Index) currently sits at 53.30, which suggests that AIC is neither overbought nor oversold.Â
The token has been hovering near the neutral 50 mark, aligning with the consolidation period observed in the price movement. Both technical indicators point to a period of consolidation, with traders awaiting further market developments.
The post AIC Price Prediction September 23: AI Companions Sees 58% Gain, But Will Resistance Break? appeared first on Coinfomania.
