- CryptoAI (CAI) printed a 24-hour gain of just under 24%.
- The altcoin’s price had been climbing steadily since this morning but recently surged.
- Should CAI’s price continue to climb then it will look to flip $0.02670 into support next.
The AI Crypto project CryptoAI saw the price of its native token CAI print a double-digit percentage gain over the last 24 hours. According to CoinMarketCap, CAI’s price climbed almost 24% in the past day. As a result, CAI is trading at $0.02437 at press time.
In addition, CAI’s 24-hour performance overshadows those of the crypto market leaders Bitcoin (BTC) and Ethereum (ETH). Currently, CAI is up 21.33% against the crypto market leader and 21.88% against ETH. As a result, 1 CAI is worth approximately 0.0000008266 BTC and 0.00001271 ETH.
CAI’s price may also set a new daily high in the next couple of hours given that it is trading very close to its previous 24-hour high of $0.02438. Meanwhile, the altcoin’s daily low is sitting at around $0.0196 at press time.
The spike in CAI’s price is the result of the surge in the crypto’s daily trading volume. Currently, the daily trading volume for CAI is estimated to be $1,492,644. This is an incredible 228% increase since yesterday’s trading session.
Hourly chart for CAI/USDT (Source: TradingView)
CAI’s price has been on a gradual ascent since the early hours of today. However, the altcoin’s price recently surged past the hourly resistance level at around $0.023 to flip the level into support.
The altcoin’s price then attempted to do the same with the next key resistance level at $0.02670. Although CAI’s price was able to break above the $0.02670 mark in the current hourly candle, it has been unable to maintain a position above the key price point and has pulled back to its current price at press time.
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