The Zerebro price surged 36% in the last 24 hours to trade at 0.4038 as of 2 a.m. EST on trading volume that skyrocketed 112% to $167.81 million.
The token’s price surged from $0.30 — a major support that held its price from going down for over a week now, all the way up to $0.4585. However, it was unable to breach the resistance at $0.45, which rejected it down to $0.40, after which the token retested the resistance, only to see the same result.
Zerebro is an autonomous AI system developed to create, distribute, and analyze content across decentralized and social platforms. It is also one of few cryptocurrencies that have seen such a strong surge in the last 24 hours, while the rest of the crypto market has been trading sideways or seeing a decline.
Bitcoin itself has been dropping since the middle of the last week, when it failed to breach the $100k barrier, meaning that Zerebro has been trading against the market in the last day.
However, it appears that the start of the new week is bringing a new rally, as most coins and tokens are trading in the green on a 1-hour chart, promising a bullish end to the year.
Zerebro Price Prediction
As mentioned, ZEREBRO has managed to hit a resistance at $0.45, decline to $0.40, surge to $0.45 again, and once again drop to $0.40, all in the last few hours. Given that the rest of the crypto sector is now seeing growth, the token could join the wider market.
And, while it failed to breach the resistance at $0.45 while trading against the market, a crypto-wide rally could give it the push it needed to finally breach this resistance.
The project’s Bolinger bands have seen a massive widening during its solo rally, only to then tighten considerably after the rejections. Now, however, it is starting to widen again, and the price, which has been stuck next to the lower band for the last few hours, is starting to separate from it.
On the other hand, is the project’s Relative Strength Index (RSI) value, which has been delving deep into the overbought territory, especially when the project first reached the resistance at $0.45. Since then, the RSI value dropped to the neutral zone, only to spend the next few hours slowly building back up toward the overbought area.
The growth was hesitant, which suggests that traders would often take profit after even the smallest increase, likely expecting the price to drop, and once the token’s value returned to $0.45, a major sell ff pushed the RSI down to the value of 47.
As of the time of writing, however, the RSI is once again showing signs of growth, suggesting that the buying pressure is starting to grow once again. This further suggests that a price boost could happen once again later in the day.
