The Node AI price pumped more than 26% over the past 24 hours to trade at $0.2165 as of 9:40 a.m. EST as investors rush to scoop up the AI crypto.

The Node AI Price Attempts To Buck Its Negative Trend

4-hour chart for GPU/USDT (Source: TradingView)

The Node AI price has consistently printed lower highs and lower lows over the past few days, resulting in the formation of a medium-term bearish price channel. In the past 24 hours, however, the crypto has entered a consolidation phase just above the $0.00040 support level.

Should the Node AI price remain above this key price point for the remainder of the day, the altcoin could attempt to escape the descending channel. The upper boundary of this channel is confluent with the major resistance level at $0.00195.  As A result, GPU overcoming this threshold may be seen as a long entry for traders. This potential buy pressure could then elevate the Node AI price to the subsequent barrier at $0.01320 in the following couple of days.

A break below the $0.00040 could invalidate this bullish thesis. In this alternative scenario, the crypto may drop towards the lower boundary of the negative price channel, which is situated at around $0.00008 in the short term.

Node AI Price May Keep Climbing As Technicals Favor Buyers

Technical indicators on GPU’s 4-hour chart are leaning slightly towards bullish. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the Node AI price may rise in the coming 24-48 hours.

The MACD line is positioned above the MACD Signal line, which is generally seen as a sign that a crypto is in a positive cycle. However, the flat MACD histogram signals that the bullish trend is currently in an idle phase. 

Meanwhile, there is a significant bullish technical flag that is on the verge of being triggered as the RSI is attempting to cross above its Simple Moving Average (SMA). An intersection between these two lines could indicate that buyers have gained the upper hand against sellers on GPU’s 4-hour chart. Bulls may subsequently decide to boost the Node AI price in the following 48 hours.

While the Node AI price attempts to escape its bearish trend, experts say Scotty the AI may be the best crypto to buy now.

A Potential 100X Opportunity

Scotty the AI aims to tackle the growing threat posed by cyber criminals in the Web3 space. Its sophisticated AI models are able to review vast amounts of code for hidden insights and potential security vulnerabilities that even veteran software developers would miss.

🚨 $SCOTTY # 1 #memecoin of 2024
investors taking advantage of cheap prices at Stage 5

🚀Only $45k left. Until price increases at stage 6.

Stage 1 – 4 closed out very early also.

BUY $SCOTTY presale at https://t.co/zRmy4g8hfW#blockchains #memecoins #Binance  #presale… pic.twitter.com/mCEYbcZvqQ

— Scotty The Ai (@ScottyThe_Ai) February 22, 2024

Apart from offering some much-needed fraud detection capabilities for investors and appealing to AI crypto enthusiasts, Scotty the AI was also launched as a meme coin. This exposes it to the vibrant meme coin community, which is notorious for pumping crypto prices. It also widens the altcoin’s pool of potential investors. 

The crypto community is scrambling to get a hold of the AI-powered meme coin as its recently-launched ICO races past $800K. Currently selling for $0.00605, Scotty the AI’s token, SCOTTY, can be purchased using either ether (ETH), Tether (USDT) or bank card on the project’s official website.

Offering Investors Tools To Sniff Out Fraud

Scotty the AI currently offers investors two AI-powered products. The first is its innovative decentralized exchange called Scotty Swap. This AI-powered token swap platform ensures that each trade is secure and optimized for maximum gains.

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In addition to the decentralized exchange, token holders also have access to Scotty Chat. This particular offering can serve as a valuable tool for navigating the complex and evolving Web3 space.

SCOTTY can be purchased here.

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• Source: https://insidebitcoins.com/news/node-ai-price-prediction-gpu-skyrockets-26-amid-ai-crypto-euphoria-as-experts-say-this-ai-powered-dog-coin-might-be-the-best-crypto-to-buy-now