AI Companions AIC rises as trader sees a new ‘bullish wave’

AI Companions token rose for three consecutive days, reaching its highest level since Oct. 21 as traders remained optimistic about the project.

According to TradingView, AI Companions (AIC) token climbed to an intraday high of $0.1122, 40% above its lowest point last week. It has surged by over 5,700% from its all-time low, bringing its fully diluted valuation to $105.7 million.

The recent rally followed the developers release of an updated website design and a smart contract audit report by Soken.

Our first smart contract audit report has just come through????

Take a look at it below:

It is posted on our website????

Certik audit is pending and incoming✅

We have been showing major strength over the last few days.

Altcoins were down and we were…

— AI Companions (@AIV_Companions) October 27, 2024

Its other major catalyst was the recent listing by Gate.io, one of the largest crypto exchanges in the industry. According to CoinMarketCap, 50% of its $9.2 million 24-hour volume was handled on Gate.io, followed by MEXC and BingX.

The developers have hinted that the token will soon be listed on a tier-1 exchange. While the name remains undisclosed, possible exchanges include Binance, Coinbase, Bybit, OKX, Upbit, HTX, or Kraken. A tier-1 exchange listing often leads to increased gains.

Meanwhile, some traders believe that the AI Companions token has further growth potential. In a post on X, BitcoinHabebe, an analyst with over 164,000 followers, predicted that the token is on the verge of a new bullish wave. He cited its top-notch team, upcoming exchange listing, and strong technical indicators.

AI Companions is aiming to disrupt an industry that some analysts believe is worth billions of dollars.

The project is building a solution that leverages artificial intelligence, virtual reality, and blockchain to provide virtual friends and companions. According to its roadmap, the virtual companion platform will be launched in the second quarter of 2025, with the AIC token serving as the primary means of exchange on the platform.

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AI Companions token retested a key level

AI Companions token | Chart by TradingView

The 4-hour chart shows that the AIC token rose and retested the important resistance point at $0.1122, its highest swing on Oct. 21. This recovery occurred after the token found strong support at $0.0774, its lowest level on Oct. 3 and 11.

It has rebounded above the 50-day moving average and formed a small cup and handle pattern, a popular bullish indicator.

A break above the resistance at $0.1122 could signal more gains, with the next reference level at $0.1500, its highest level in September and 41% above the current price.

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