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

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

According to TradingView, the AI ​​Companions (AIC) token climbed to an intraday high of $0.1122, 40% above its low point last week. It’s up over 5,700% from its all-time low, pushing its fully diluted valuation to $105.7 million.

The latest rally came after the developers released the updated website design and smart contract audit report prepared by Soken.

Our first smart contract audit report just arrived🤝

Take a look below: https://t.co/ksW33dy5pd

It is published on our website🚀

Certic audit is pending and coming✅

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

Altcoins were in decline and we…

— AI Companions (@AIV_Companions) October 27, 2024

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

The developers hinted that the token will soon be listed on the tier 1 exchange. Although the name is not disclosed, possible exchanges include Binance, Coinbase, Bybit, OKX, Upbit, HTX or Kraken. Tier 1 exchange listing often leads to increased earnings.

Meanwhile, some traders believe that the AI ​​Companions token has further growth potential. BitcoinHabebe, an analyst with more than 164,000 followers, predicted in a post about X that the token is on the verge of a new upward wave. He cited its top-notch team, upcoming stock market listing, and strong technical indicators.

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

The project is building a solution that uses artificial intelligence, virtual reality and blockchain to provide virtual friends and companions. According to the roadmap, the virtual assistant platform will be launched in the second quarter of 2025 and the AIC token will serve as the primary medium of exchange on the platform.

AI Companions token retests significant AI Companions token | Chart by TradingView

The 4-hour chart shows the AIC token rising and retesting the key resistance point at $0.1122, the highest rise on October 21. This recovery occurred after the token found strong support at $0.0774, the low on October 3 and 11.

It jumped above the 50-day moving average and formed a small cup and handle formation, which is a popular bullish indicator.

A break above the $0.1122 resistance could signal more gains; The next reference level is $0.1500, its September high and 41% above the current price.