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The Grok price pumped 42% in the past 24 hours to trade at $0.00000005263 at 02:40 a.m. EST on trading volume that rose 112% to $14.73K.
This surge in the GROK price comes after Tesla CEO Elon Musk unveiled xAI’s latest AI model, Grok 3.
🚨 JUST IN: Elon Musk’s xAI just launched Grok 3, revealing that it outperforms Gemini 2 Pro, Deepseek V3, Claude 3.5 and OpenAI's GPT-4o in multiple benchmarks. pic.twitter.com/dDrGAqPtB5
— Traders Paradise (@theparadiselive) February 18, 2025
Grok 3 is mainly designed to perform a wide range of tasks, from solving complex problems to engaging in dynamic conversations.
Grok Price Analysis Shows A Sustained Uptrend
The GROK/USD chart analysis shows that the GROK price is currently trading within a rising channel pattern, according to GeckoTerminal data. This is a formation typically characterized by converging trendlines slanting upwards, and is often seen as a potential bullish continuation indicator.
The price of Grok is steadily climbing, making higher lows and higher highs within the wedge. The recent price action shows GROK maintaining its position above key moving averages, indicating sustained bullish momentum despite minor retracements.
Additionally, the price is well above the 200-day Simple Moving Average (SMA), which acts as a long-term support level, reinforcing the positive sentiment.
The 50-day SMA is also sloping upwards, closely following the price and providing dynamic support.
The RSI (14) is at 56.68, indicating that the asset is in a neutral zone, leaning slightly towards bullish territory. An RSI reading below 70 suggests that GROK is not yet overbought, providing room for further upward movement.
Moreover, the blue Moving Average Convergence Divergence (MACD) line is marginally above the orange signal line, hinting at a potential bullish crossover.
Although the histogram shows a slight positive value, it is relatively flat, indicating that bullish momentum is present but not particularly strong.
GROK Price Prediction
Given the current technical indicators and price action, the Grok price appears to be in a bullish phase within the rising channel pattern.
In the short term, the price could continue testing the upper boundary of the wedge. If the bullish momentum persists, GROK might aim for the next psychological resistance level near $0.00000006500.
However, a breakdown below the lower trendline and the 50-day SMA support could trigger a retracement towards the $0.00000004000 zone or even the 200-day SMA at $0.00000002503 in a worst-case scenario.
As the GROK price surges, investors are also snapping up a new PEPE 2.0 ICO called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to soar 20X after its launch.
MIND Of Pepe Presale Garners Over $6.48 Million – Next 20X Crypto?
MIND of Pepe is a pioneering crypto project and the first AI project to leverage a major meme coin brand.
It offers AI-driven opportunities for its native token holders and engages with the crypto community in a new innovative way.
So far, the project has attracted a huge following, with its presale closing on $7 million.
🚨 $MIND is Now Live in Upcoming Tokens! 🚨@MINDofPepe leverages the power of AI to help users identify new trends and exciting opportunities. The self-evolving AI agent interacts across platforms to deliver real-time updates.
Built on Ethereum, $MIND offers holders exclusive… pic.twitter.com/uyXFpYka5p
— Best Wallet (@BestWalletHQ) January 14, 2025
The project redefines innovation in crypto by fusing the most popular crypto sector, meme coins, with the fastest-growing emerging narrative, AI agents.
One outstanding feature of the project’s AI agent is its ability to analyze emerging trends in the Web3 space on social media platforms, especially Crypto Twitter, before they gain traction and point them out to MIND holders.
Currently, MIND tokens are priced at $0.0033454, and can be bought with either ETH, USDT, BNB or bank card. Token holders also have the opportunity to stake their MIND tokens for a stratospheric 354% annual percentage yield (APY).
Buy MIND on its official website here before a price hike in less than 16 hours.
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