AiPad Price Prediction: Will AIPAD Price Sustain Above $0.48 ?

• AiPad is powered by OpenAI, and its ICO was launched on March 1, 2023.
• AIPAD price is currently trading at $0.05558 while observing a gain of 5.20% during the intraday session.
• The year-to-date return of the AiPad price is 171.85%, and the three-month return is -49.92%.

AiPad is powered by artificial intelligence (AI) giant OpenAI, which dominates the AI market its ChatGPT variants. AiPad is a revolutionary new Launchpad for AI and cryptocurrency that focuses on making AI accessible and impactful for everyone.

With a live market capitalization of $214,837 USD, AIPAD is trading at 0.05558 with a return of +5.20% in the past 24 hours. The current market sentiment for AiPad price is in a bullish trend. 

The AiPad cryptocurrency ICO (initial coin offering) was launched on March 1, 2023. With a circulating supply of 3,800,000 AIPAD coins and a maximum supply of 200,000,000 AIPAD coins.

The AIPAD price achieved an all-time high just after the launch on March 1, 2023, but was halted with a resistance level of $1.27999. Since then, the price has witnessed a massive downfall to the recent level of the $0.05400 mark.

Although, it is showing positive growth on a year-to-date and monthly basis, with a return of 171.85% and 5.55%, respectively. But over the past week, the AIPAD price has observed a return of -8.96%. 

Hence, the price may reach the $0.06100 level if the current bullish sentiment remains in the market. On the contrary, If the bearish momentum controls the market sentiment, the price might melt toward the 0.04000 level.

Technical Analysis 

The relative strength index (RSI) traded at 46.32 during the intraday session. The RSI denotes the increased participation of bears in the market.

The Chaikin money flow (CMF) score was 0.14 during the intraday session, indicating strength in the market. 

The AIPAD price is currently trading below the 20, 50, 100, and 200-day EMAs, indicating weakness in the market. Hence, the participation of sellers increased in the market.

Conclusion 

The market structure and price action of AIPAD are currently bearish, as the price has had a strong downfall during July. However, the price has formed support and is trying to regain bullish momentum. 

Technical Levels

Major support: $0.04641 and $0.04939

Major resistance:  $1.27999 and $0.08817