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The crypto market didn’t start the week on a positive note, as Bitcoin (BTC) corrected from $70,000 levels to around $65,000. However, the situation seems to have stabilized in the last 24 hours, with some top altcoins like Internet Computer (ICP) and Injective (INJ) showing gains of 9% and 5%, respectively. 

This comes as the highly anticipated Bitcoin halving event is just 17 days away, adding to the excitement in the crypto community.

Simultaneously, the growing AI crypto sector has welcomed a new player, InQubeta (QUBE), which raised almost $13 million in its presale, currently in the final stage.

Internet Computer (ICP) pumped 9% today and is currently trading around $18.6 with a market cap of $8.6 billion. Following a strong bull run in early March, when the ICP price surged from the $12 area to $17, the coin started trading in a descending channel, marked by blue lines on the ICP/USDT chart.

On March 21, the price broke out of this channel and pumped to over $20, but faced rejection at this level and subsequently pulled back to its current levels. 

Consequently, the $20 mark stands as a crucial level for ICP to breach to continue its uptrend.

At press time, the MACD line and the MACD signal line are almost at the same level, with the MACD line attempting to break above the MACD signal line based on its trajectory. This indicates a potential shift in momentum for ICP. 

Additionally, the Relative Strength Index (RSI) across all time frames is ranging between 55 and 60, suggesting a balanced, but bullish market condition.

The 200-day moving average for ICP is $8.8, while the EMA20 (20-day Exponential Moving Average) stands at $17.9. These technical indicators suggest that ICP has already overcome significant resistance levels and is poised for further upside potential.

Moving forward, ICP could continue its upward trajectory if it manages to break through the $20 resistance level decisively. However, if the price fails to breach this level, it may face a pullback to the support levels established around the $17 mark.

Injective (INJ) pumped 5% and is trading around $34.19 at the time of writing, with a market cap of $3.1 billion. INJ, along with Kaspa and BONK, was one of the hottest stories in late 2023 but has since been trading in a sideways channel since late December, as visible on the chart.

This channel ranges between the $30 and $45 areas, and INJ is currently trading within this range. Although the price briefly broke out of this channel on March 11th and 12th, reaching $52.5, it quickly retraced to its current levels.

The 200-day moving average for INJ stands at $26.62, indicating that the current price is well above this long-term average. However, the MACD line is currently below the MACD signal line, suggesting a potential bearish divergence. Nevertheless, the MACD line appears to be in an uptrend mode, while the MACD signal line shows a downtrend, implying that this divergence could soon be resolved in favour of the bulls.

Similar to ICP, the RSI across all time frames for INJ is ranging between 55 and 60, indicating a balanced market condition.

For INJ to continue its uptrend, it needs to break out of the current trading channel decisively and sustain higher levels for an extended period.

A successful breakout above the $45 resistance level could pave the way for further gains, while a failure to do so may result in a return to the lower end of the channel around the $30 mark.

InQubeta (QUBE) has raised just under $13 million during its multi-month presale, which is currently in its final stage, with QUBE tokens going for 0.028 USDT per token.

The next phase for QUBE is listing on decentralized exchanges (DEXes), with the price set at $0.0308.

So, what exactly is QUBE, and why is it a part of the growing AI crypto narrative?

InQubeta (QUBE) is a groundbreaking platform that bridges the gap between the cryptocurrency world and the burgeoning AI industry. 

Through its innovative approach, InQubeta enables investors to directly support and invest in promising AI start-ups using cryptocurrencies.

The platform utilizes Non-Fungible Tokens (NFTs) as a means of representing ownership stakes in these AI companies, akin to traditional stocks but leveraging the transparency and security of blockchain technology. 

Investors can purchase fractions of these NFTs, allowing them to diversify their portfolios and benefit from the potential growth and success of the underlying AI start-ups.

InQubeta’s NFT marketplace serves as a hub where investors can explore and invest in cutting-edge AI technologies, fostering innovation and supporting the development of groundbreaking solutions. 

By staking QUBE tokens on the platform, investors can earn rewards, incentivizing long-term commitment and engagement with the ecosystem.

Moreover, QUBE token holders play a role in the governance of the platform, enjoying the right to propose, discuss, and vote on key decisions. This decentralized approach ensures that the community’s voice is heard and that the platform remains responsive to the needs and aspirations of its users.

While InQubeta is still in its early stages, it presents a potential opportunity for investors to diversify their portfolios and participate in the growing crypto AI industry.

All in all, the crypto market seems to be stabilizing after a correction, with Internet Computer (ICP) and Injective (INJ) showing notable gains. ICP is aiming to break through the $20 resistance level to continue its uptrend, while INJ needs to decisively break out of its current trading channel to sustain higher levels.

Simultaneously, the AI crypto sector has welcomed a new player, InQubeta (QUBE), which recently concluded a successful presale and is gearing up for DEX listings. QUBE offers a potential opportunity for investors to participate in the AI start-up ecosystem through NFT-based ownership and governance rights. For all things QUBE you can join InQubeta presale website.

The post Internet Computer (ICP) and Injective (INJ) up as crypto market rebounds, InQubeta nears $13M in presale appeared first on Invezz

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