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ParallelAI’s price has increased by 137% in the last 24 hours to trade at $0.305 as of 12:36 a.m. ET, trading volume skyrocketed 318% to $2.5 million.
ParallelAI price continues to surge
According to PAI/USDT, ParallelAI price shows a clear bullish breakout. After a period of consolidation, the price increased, with a significant increase in both volume and price. According to data from the website, the U-shaped formation on the chart suggests a rounded bottom, a classic bullish reversal pattern. Gecko Terminal.
PAI is currently trading well above the 50-day Simple Moving Average (SMA) at $0.14, confirming the continued momentum of the rally.
Moreover, the Relative Strength Index (RSI) is at 81.30, which indicates the overbought area (above 70). This indicates strong buying pressure, but warns of a potential short-term pullback or correction as the asset may become overextended. However, in case of strong uptrends, RSI may remain overbought for an extended period of time.
The MACD line (blue) is at 0.0191, above the signal line (orange) at 0.0163, which is a bullish crossover. This is a sign of a growing uptrend, confirming an upward move.
PAIUSD Chart Analysis Source: GeckoTerminal.com
ParallelAI Price Forecast
According to ParallelAI price analysis, PAI price continues its bullish rally, as indicated by the dramatic rise of the 4-hour candle from the $0.14 support. If this momentum continues, bulls could push ParallelAI price to a projected 31.95% upside with a target of $0.40.
However, the RSI currently shows that the PAI is overvalued, which could be a sell signal for the bears. In this scenario, ParallelAI price may fall back to the support zone at $0.148.
Meanwhile, investors looking for cryptocurrencies with a similar path to PAI may want to consider a new meme coin casino project called Memebet Casino (MEMEBET token)which has just crossed the 464,000 mark. dollars in pre-order.
Cryptonews YouTube channel, with over 10,000 followers. subscribers, claims that the $MEMEBET token could grow 100-fold after launch.
Memebet Casino reaches the amount of 500 thousand. dollars in pre-order
Mebet Casino is usb and the Telegram casino platform, which is the first to enable the use of a wide range of leading meme coins for betting.
It is gaining popularity due to its strategic integration of gaming, cryptocurrencies and gambling. Its goal is to develop a decentralized platform where users can bet on various games and events using meme coins and their native token.
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— MemeBet (@Memebetcasino) May 23, 2024
Memebet Token serves the “degen” community with high-stakes gaming, a global sportsbook covering major leagues such as the EPL and NBA, and a diverse selection of cryptocurrency-based games.
When the Telegram-based cryptocurrency casino opens, it will initially allow play to holders of Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), Bonk ($BONK), and Floki ($FLOKI), but the team has also suggested a major expansion lists of tokens that can be used for staking.
Users can deposit these assets to bet on casino games, slots and sports odds on the Memebet Casino platform.
Brother, I’m asking the right questions 🧐#MemBet #Presale & #Airdrop coming soon ⏰
Number one place for #Crypt games and more! 💥 🎰$FTM $BTC #SALT #Bang #WIF #Dose #BOME #AlternativeSeason pic.twitter.com/NLds73vdTX
— MemeBet (@Memebetcasino) May 19, 2024
If you bet with the $MEMEBET token, you can increase your rewards through the gaming system to earn money on the platform.
To join the pre-sale, buy $MEMEBET token on the official website here for USD 0.0258 using USDT, ETH or bank card.
Since the price increase is scheduled in less than 1 hour, act quickly to secure the best deal.
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