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

The AI Companions (AIC) token has experienced a three-day price surge, reaching its highest point since October 21, as traders have shown increased optimism about the project.

According to TradingView, the AIC token rose to an intraday high of $0.1122, marking a 40% increase from its lowest point the previous week. This surge represents a massive 5,700% gain from the token’s all-time low, boosting its fully diluted valuation to $105.7 million.

The recent rally came after the developers released an updated website design and a smart contract audit report from Soken, which likely contributed to increased investor confidence in the project.

The AI Companions (AIC) token’s recent price surge was further fueled by its listing on Gate.io, one of the leading crypto exchanges. According to CoinMarketCap, 50% of its $9.2 million 24-hour trading volume was handled on Gate.io, with the remaining volume spread across MEXC and BingX.

In addition to this momentum, the developers have teased that the AIC token will soon be listed on a tier-1 exchange. Although the exact exchange has not been disclosed, potential candidates include Binance, Coinbase, Bybit, OKX, Upbit, HTX, and Kraken. Listings on major exchanges often trigger significant price increases and heightened market attention.

Some traders are even more optimistic about the token’s future. BitcoinHabebe, a well-followed analyst on X (formerly Twitter), predicted that AIC is poised for another bullish wave. He cited the project’s strong team, upcoming exchange listings, and solid technical indicators as key factors driving its growth potential.

The AI Companions project is aiming to disrupt an industry that could be worth billions of dollars. By combining artificial intelligence, virtual reality, and blockchain technology, the project is building a platform that will offer virtual companions and friends. According to its roadmap, the virtual companion platform is scheduled for launch in Q2 2025, with the AIC token serving as the main medium of exchange on the platform.

AI Companions token retested a key level

On the 4-hour chart, the AIC token has recently surged and retested the key resistance level at $0.1122, which was its highest swing on Oct. 21. This recovery came after the token found strong support at $0.0774, which was its lowest point on both Oct. 3 and Oct. 11.

The token has successfully bounced above the 50-day moving average, and a small cup and handle pattern has formed, which is widely considered a bullish signal in technical analysis.

If the token breaks above the $0.1122 resistance, it could pave the way for further gains, with the next target at $0.1500, which was its highest level in September and represents a 41% increase from its current price.