Node AI price has risen by more than 26% in the past 24 hours to $0.2165 as of 9:40 AM EST. Investors are rushing to buy this artificial intelligence cryptocurrency.
Node AI price attempts to reverse negative trend
Node AI price has been printing lower highs and lower lows over the past few days, resulting in the formation of a medium-term bearish price channel. However, over the past 24 hours, the cryptocurrency has entered a consolidation phase above the $0.00040 support level.
If the Node AI price remains above this critical price point for the rest of the day, this altcoin may attempt to escape the descending channel. The upper boundary of this channel coincides with the major resistance level of $0.00195. Therefore, a GPU breakout above this threshold may be viewed as a long entry opportunity by traders. This potential buying pressure may further push the Node AI price higher, reaching the resistance level of $0.01320 in the next few days.
This bullish view would be invalidated by a break below $0.00040. In this alternative scenario, the cryptocurrency could drop to the lower boundary of the short-term negative price channel, which is around $0.00008.
Node AI price may continue to climb, technical indicators favor buyers
Technical indicators on the 4-hour chart for GPU are slightly biased towards bullishness. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest that Node AI price could rise in the next 24-48 hours.
The MACD line is above the MACD signal line, which is often seen as a sign that the cryptocurrency is in a positive cycle. However, the flat MACD histogram suggests that the bullish trend is currently in an idle phase.
Meanwhile, the RSI is trying to cross its Simple Moving Average (SMA), which is an important bullish technical signal. The crossover of these two lines could indicate that buyers have the upper hand on the 4-hour chart of GPU. Subsequently, the bulls might decide to increase the Node AI price in the next 48 hours.
While Node AI price is trying to break out of its bearish trend, experts say Scotty the AI could be the best cryptocurrency to buy right now.
Potential 100x Opportunity
Scotty the AI is designed to combat the growing threat of cybercrime in the Web3 space. Its advanced artificial intelligence models are able to review large amounts of code, uncovering hidden insights and potential security vulnerabilities that even experienced software developers would overlook.
In addition to providing investors with much-needed fraud detection capabilities and attracting AI cryptocurrency enthusiasts, Scotty the AI was launched as a memecoin. This exposed it to the vibrant memecoin community, which is known for driving up cryptocurrency prices. This also expanded the potential investor base for this alternative coin.
The cryptocurrency community is rushing to buy into the AI-powered meme coin as its recent ICO has already raised over $800,000. Currently on sale for $0.00605, Scotty the AI tokens (SCOTTY) can be purchased on the project’s official website using Ether (ETH), Tether (USDT) or a bank card.
Providing investors with tools to detect fraud
Scotty the AI currently offers two AI-based products to investors. The first is the innovative decentralized exchange Scotty Swap. This AI-based token exchange platform ensures that every transaction is secure and optimized for maximum returns.
In addition to the decentralized exchange, token holders will also have access to Scotty Chat. This particular service can serve as a valuable tool to help people navigate the complex and evolving Web3 space.
SCOTTY can be purchased here.
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Experts say this AI-based Dogecoin may be the best cryptocurrency to buy right now, Node AI Price Prediction: GPU surges 26% with AI crypto mania
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