As the week began on Monday, October 28, the AI token AI Companions (AIC) rose to its highest level since October 21. This was due to AIC rallying for 3 days consecutively over the weekend.
The token has reached a new intraday high of $0.1122 as it gained 40% from last week's lowest point. AI Companions increased by more than 5700% from its all-time low, raising the digital asset's fully diluted valuation to $105.7 million.
This surge in the AIC price is attributed to a new improved smart contract audit and an updated website design. The token also gained significantly when it got listed on the Gate.io crypto exchange. Most of the transactions, 50% of the $9.2 million 24-hour volume, happened through the Gate.io crypto exchange, followed by MEXC and BingX.
The AI Companions is likely to continue its upward trend as there is a possibility of the token getting listed on a tier-1 crypto exchange. The crypto market is already rife with speculation that the coin would be listed on Coinbase, Binance, Bybit, Kraken, HTX, Upbit or OKX. Generally, coins surge after getting listed on a tier-1 crypto exchange.
Crypto traders like BitcoinHabebe are of the opinion that AIC is on a bullish wave which is supported by the upcoming listing and technical indicators. The cryptocurrency project running on VR, AI and blockchain technology will soon launch a virtual companion platform in the 2025 second half. The primary mode of exchange on that platform will be AIC tokens.
As per the 4-hour chart analysis of AI Companions, it tested the $0.1122 resistance level on October 21 while it was in its highest swing. This happened after it fell to its lowest point at $0.0774 on October 3 and 11.
AIC formed a small cup and handle pattern which is indicative of bullish sentiments after it rebounded above the 50-day moving average. Crypto analysts predict that AI Companions can rally to its highest point since September at $0.1500 if it crosses the $0.1122 resistance level. This would spark a 41% gain from the current price on October 28.
As of October 29 morning, AI Companions is trading at $0.1058, gaining over 7% in the last 24 hours with its trading volume decreasing by nearly 12% to reach $7.43 million while its market remains unchanged at $105.88 million.