The Node AI (GPU) price has flipped bullish today, with the odds favouring the bulls. The token has surged 1% in the past 24 hours and 111% in a week to trade at $0.8551. In the same way, its 24-hour trading volume has soared 2% to $1.54 million, suggesting intense activity among traders and investors.
Node AI is a decentralized platform that provides access to GPU and AI resources. It uses blockchain technology to facilitate a secure and transparent environment for users to engage in many activities. The project aims to make AI resources more accessible and beneficial for several users, including GPU owners and AI enthusiasts.
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The platform has implemented several features that enable it to deploy nodes in minutes. Some of these features include AI node rental, which allows for the monthly rental of AI servers with high GPU capabilities. Others include GPU Power lending, Revenue sharing, Staking for ETH rewards and On-Demand nodes.
Meanwhile, the team project has also revealed a number of upcoming features and updates that will elevate Node AI to the next level. These include:
- More Dedicated Server-Grade GPU Servers will enable infrastructure expansion with powerful servers.
- 100+ Deployment Templates: Offering a wide range of templates for seamless deployments.
- SDK Launch: Empower developers with our new Software Development Kit.
Exciting Updates and Features Coming to NodeAI ⭐️
We're thrilled to announce a list of upcoming features and updates that will elevate NodeAI to the next level:
SDK Launch: Empower developers with our new Software Development Kit.
More Dedicated Server-Grade GPU Servers:… pic.twitter.com/emjGowXhwy
— Node AI | $GPU (@NodeAIETH) July 17, 2024
These features are being deployed to onboard more users to NodeAI, making it a hub for AI innovation.
Node AI Statistical Data
Based on Coinmarketcap data:
- Node AI price now – $0.8551
- Node AI market cap – $79 million
- Node AI total supply – 99 million
- Node AI circulating supply – 95 million
- Node AI ranking – #430
Node AI Price Technical Indicators Emerge Bullish
The Node AI (GPU) price trades with a bullish bias within a rising channel. The bulls have shown resilience since July 12, pushing the price upward. However, they have faced a slight rejection at $0.9793, forcing them to drop slightly. However, with the bigger picture in the market painted bullish, they could rally above the upper trendline of the governing channel to around $1.2048 in the next 48 hours.
Node AI price trades well above the 50-day SMA(green) and 200-day SMA (Simple Moving Average) (blue). In this case, the $0.6155 and $0.6730 are immediate support levels in the GPU market.
In the same way, the Moving Average Convergence Divergence (MACD) shows signs of bullishness, as it teases with a buy signal. However, this will only be executed if the MACD signal (blue) crosses above the signal line (orange). Moreover, the MACD sits nicely in the positive territory, suggesting a bullish outlook.
Node AI Bulls Poised to Rally Above the Upper Trendline of the Rising Channel
On the other hand, the Relative Strength Index is doing well, above the 50-mean level. Currently, it sits at 64, suggesting intense buying pressure. Increased buying pressure could cause the RSI to jump to the 70-overbought zone, indicating a dwindling selling momentum.
Node AI price in the 4-hour chart timeframe indicates intense buying pressure, with the odds favouring the upside. If the buyers capitalize on the RSI and MACD, they could propel the GPU token to $1.2048 in the next 48 hours. Conversely, if the sellers step in at this level, the Node AI price could drop below the lower trendline. This could see the GPU token retest the $0.5340 mark, invalidating the bullish momentum.
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