2024-5-10 10:45 |
The Graph (GRT) has seen its price surge by 11.04% in the past 24 hours, currently trading at $0.3029. The token has been testing a crucial multiple resistance area, and traders are closely watching for a potential breakout.
According to trader World of Charts, a successful breakout above this resistance could lead to another higher high, with a potential move towards $0.50. The trader Alice Crypto also notes that GRT has already broken out of a main Falling Wedge Pattern, suggesting a potential gain of up to 70% in the near future.
Trader Andrew Griffiths has identified $0.325 as the bullish trigger for GRT, with a closing or opening above this level signaling a potential uptrend. The key support level is identified as $0.234.
Akash Network (AKT) Breaks Diagonal Trendline, Targets $7.9-$12.1Akash Network (AKT) has experienced a 15.63% price increase in the past 24 hours, currently trading at $5.64. The token has broken above a diagonal trendline on the 4-hour timeframe and is now attempting to hold the previous week’s high of $5.095 as support.
TraderAAG suggests that if AKT breaks down from this support, it could retest the trendline, presenting an opportunity to add to positions. Trader Andrew Griffiths has identified a cup and handle setup for AKT, with an upside projection between $7.9 and $12.1.
Analyst Decilizer notes that AKT is showing strength while Bitcoin weakens, with support solidified at $4.5. The analyst sees a straightforward path towards the $6.2 target, provided Bitcoin’s bullish run continues. Across past scenarios, AKT has delivered a 21x profit.
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Show more +Show less – AI Coins Gain Momentum, GRT and AKT Among Top PerformersAlso read: Do Dogwifhat (WIF) and Meme Coins Face a New Competitor? This Low-Cap Gem Surged 20,000%
According to data from LunarCrush, AI-related cryptocurrencies are experiencing positive momentum across both social and market metrics. The Graph (GRT) and Akash Network (AKT) are among the top performers in this category, alongside other notable projects such as Render (RNDR), PAAL AI (PAAL), AIOZ Network (AIOZ), Near Protocol (NEAR), Fetch (FET), iExec RLC (RLC), SingularityNET (AGIX), and Arkham (ARKM).
The growing hype surrounding artificial intelligence and its potential applications in the blockchain space has been a major driver of the recent price surges in these tokens. As more investors and traders seek exposure to AI-related cryptocurrencies, projects like GRT and AKT are well-positioned to benefit from the increased attention and capital inflows.
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The post The Graph (GRT) and Akash Network (AKT) Prices Pumping: Here’s Why appeared first on CaptainAltcoin.
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