The ChainGPT price has skyrocketed 78% in the last 24 hours to trade at $0.3416 as 9 p.m. EST on a 4,028% pump in trading volume to $558 million.
This surge in price comes after ChainGPT’s CGPT token was listed for spot trading on Binance, alongside aixbt by Virtuals (AIXBT) and Cookie DAO’s COOKIE token. The listing reflects growing interest in AI-powered blockchain projects.
ChainGPT, launched in April 2023, initially had a market cap of nearly $8 million, but it has now surged above $250 million even amid a crypto market downturn. The project’s recent integration of AI agents in late 2024 has boosted its ecosystem’s efficiency.
ChainGPT Price Faces A Downturn But Remains Bullish
The CGPT/USD pair is priced at 0.3514, trading just below a key resistance level of 0.3378. This resistance has proven to be a significant hurdle for further upward momentum. This level has capped recent price movements, indicating a potential barrier for further upward momentum.
On the downside, the chart highlights a strong support level at 0.2251, which previously acted as a foundation during price retracements.
The recent price action shows a sharp upward movement forming a parabolic curve, signifying rapid bullish momentum. However, such parabolic movements are often followed by corrections or consolidations, so traders should remain cautious at these levels.
CGPT/USD Analysis Source: Dextools.io
ChainGPT Price Technicals Signals A Rebound Ahead
The MACD line is above the signal line, and increasing positive histogram bars indicate growing bullish momentum. This suggests that the uptrend could continue in the short term.
Meanwhile, the RSI stands at 63.25, approaching the overbought zone. While this reflects strong buying interest in ChainGPT price, it also raises the possibility of a pullback as the market overheats.
The 50-day moving average remains above the 200-day moving average, underscoring the overall bullish trend and providing dynamic support in case of a price dip.
A successful breakout above the resistance at 0.3378 could increase the price, extending the current rally. Conversely, if the price fails to break this level, a pullback toward the support at 0.2251 is likely, especially if the RSI enters overbought territory.
A breach below this support could signal a bearish reversal and open the door for further declines. While the market’s trend remains bullish, traders should closely monitor the key resistance and support levels to anticipate the next move.
Best Wallet Presale Nears $7 Million – Best Crypto To Buy Now?
As the ChainGPT price continues to surge, investors are also pumping funds into Best Wallet (BEST), firing its presale fundraising past $6.8 million.
An analyst from the popular YouTube channel 99Bitcoins, with over 719k subscribers, says BEST is a potential game-changer.
As an all-in-one platform, Best Wallet is designed to help users explore the Web3 ecosystem. It brings together features like a decentralized exchange (DEX), wallet management, and tools that simplify handling crypto assets.
One unique feature is the wallet’s Upcoming Tokens section, which lets users discover new and promising tokens before they launch. It already has a sterling track record, identifying tokens like Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered 500% and 3000% gains, respectively, for early investors.
One of the top picks in Upcoming Tokens now is Solaxy (SOLX), a new Solana-based meme coin and the first layer-2 solution on the Solana network. It has already raised over $9.7 million in presale funding.
But that’s not all. Investors can now stake their BEST tokens for an impressive annual return of 279%.
Users can also participate in the Best Wallet airdrop by completing simple tasks to earn $BEST tokens and boost their rewards daily.
In addition, investors can join the BEST WALLET Ambassador Program, where they can promote innovative blockchain and DeFi solutions and earn rewards, financial incentives, and recognition for their efforts.
To join the presale, you can buy BEST tokens for $0.02355 each. Interested investors should buy before a price hike in a little more than 16 hours.
