TruthGPT Token Price Pumps 90%, Is yPredict The Best AI Crypto Project To Watch Next?
Following an impressive 90% surge yesterday, TruthGPT (TRUTH) is currently undergoing a significant correction.
TRUTH is experiencing a 23% price decrease so far today, with its current price at $0.001635, having dipped below the Fib 0.5 level of $0.001754.
The 4-hour 20 EMA stands at $0.001561, a price level that was retested earlier in the day when TRUTH posted an intraday low of $0.001554.
This price action may indicate that the 4-hour 20 EMA is acting as a short-term area of support for the cryptocurrency, thus making it an immediate level to watch.
Meanwhile, the relative strength index (RSI) is presently at 53.64. This value suggests that TRUTH is neither in overbought nor oversold territory, which hints that the current downward move could be a healthy correction following the large upside move yesterday, rather than the start of a larger downward trend.
Additionally, the MACD histogram stands at -0.00003952. The MACD is a trend-following momentum indicator that reveals the connection between two moving averages of an asset's price. The negative MACD histogram may indicate bearish momentum.
However, it also suggests that sellers might be losing strength, given their position closer to the zero line.
The 24-hour trading volume for TRUTH is relatively low at $45.87k, indicating less trading activity.
This could signal a lack of conviction in the current price move, and traders should keep an eye out for any substantial changes in volume that could signal a new trend.
Traders should monitor key resistance at the Fib 0.5 level at $0.001754. A break above this price level could suggest a potential resumption of the upward trend.
On the downside, immediate support lies at the 4-hour 20 EMA at $0.001561, followed by the Fib 0.618
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