Artificial Intelligence Token Plunges 3%, despite US-China Trade Talks Optimism; SKYAI's AI Pepe Coin Gathers $9M+ in Pre-sale - is SKYAI the Top Cryptocurrency Investment?
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It's a bummer that the SKYAI price saw a 3% drop in the last 24 hours, currently trading at $0.04646 as of 12:33 a.m. EST, with a trading volume down 79% to $32.4 million.
This unexpected price dip happened even after a major breakthrough between the US and China involving a reduction of tariffs on Chinese goods from 145% to 30%, and China deciding to lower tariffs on American imports from 125% to 10% for the next 90 days.
The deal, hammered out during high-level discussions, aims to cool down the ongoing trade war and includes a framework for future talks to prevent further conflicts. The announcement has sent stocks and cryptocurrencies soaring.
SKYAI's Price Directions
On the 1-hour chart, the SKYAI price has just broken through a rising channel that had been guiding its growth since May 5. This channel characterized an uptrend by having higher highs and higher lows.
The price of SKYAI has now slipped out of this structure and hit the support zone around $0.046, where it found some temporary relief according to data from GeckoTerminal. This horizontal support area seems to be a consolidation spot where traders are focusing their attention.
Simultaneously, the 50 Simple Moving Average (SMA) (white line) is now above the 200 SMA (yellow line), reflecting a bullish crossover which normally suggests a positive, long-term bias. However, the price of SKYAI has dropped slightly beneath the 50 SMA, which could offer resistance to further movement.
The Relative Strength Index (RSI) currently sits at 51.50, positioning the market neither as overbought nor oversold, leaving room for further price fluctuations.
Taking a look at the MACD (Moving Average Convergence Divergence), the histogram bars have begun to transition from red to green, and the blue MACD line is moving marginally above the orange signal line.
SKYAI On The Verge of Recovery
SKYAI finds itself in a crucial turning point. If the price of SKYAI can regain and maintain a position above the $0.0468 level, coinciding with the 50 SMA and earlier channel support, there's a chance for a short-term recovery up to $0.0485 to $0.050.
But should the $0.046 support zone fail to hold, there's a risk of revisiting lower levels, potentially down to the 200 SMA around $0.041.
Meanwhile, investors are flocking to a new AI agent crypto named MIND of Pepe (MIND). 99Bitcoins, a popular crypto YouTube channel with over 725K subscribers, thinks MIND has the potential to surge 100X after launch.
MIND Presale Crosses The $9 Million Mark - 19 Days Left To Invest In ICO
MIND of Pepe has made waves early, raising over $9.07 million through its presale. The source of its popularity is a combination of AI technology and meme coin appeal.
Compared to regular meme coins, MIND boasts an AI agent that analyzes market trends, delivers crypto insights, and even creates new tokens.
This unique combo allows investors to get in before AI-generated cryptocurrencies, making MIND an exceptional and promising venture in the crypto scene.
Alongside reacting to market trends, MIND's AI agent will also actively influence market narratives while gathering sentiment insights from social media platforms.
The team introduced their AI agent on May 10, offering members of the Web3 community an early look at the innovative computer model.
MIND is a tailor-made intelligence system that absorbs and cross-verifies data from across the crypto landscape.
The @MIND_agent is now active. Here are its crucial components:
◉Persona-trained LLM for crypto-native communication◎Semantic vector matching for context-aware... pic.twitter.com/P6R5DbC4uB
- MIND of Pepe (@MINDofPepe) May 10, 2025
MIND holders have the opportunity to stake their tokens for a staggering 249% annual percentage yield (APY).
As of now, MIND tokens are priced at $0.0037515 and can be bought with either crypto or cards through the user-friendly widget directly on the project's website.
Investors should act quickly, as MIND's presale will end within roughly 19 days.
Visit the MIND of Pepe website.
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[1] Market Capitalization and Trading Volume: CoinMarketCap, accessed May 2025.[2] Current SKYAI Price: CoinGecko, accessed May 2025.[4] Price Prediction: CryptoNewsZ, accessed May 2025.[5] Conservative Price Prediction: BitcoinAverage, accessed May 2025.
- The current market trends show an increasing interest in AI-based cryptocurrencies, with investors flocking to a new AI agent crypto named MIND of Pepe (MIND). Its unique combination of AI technology and meme coin appeal has set it apart in the crypto scene.
- In the realm of finance and investing, the emergence of artificial-intelligence-powered tools like MIND promises to revolutionize the way we analyze market trends and make investment decisions, potentially generating significant returns for investors in the future.
