Artificial Intelligence Forecast for XAI Gork: Gork's Value Plummets by 30% as Elon Musk's Excitement Wanes, While Traders Grab AI-Powered Pepe Token for Potential 100-Fold Returns
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The GORK token plummeted 30% in the past 24 hours, trading at $0.04370 as of 4:30 a.m. EST on a steeply declining volume of $108 million.
Elon Musk sparked another crypto frenzy by updating his X handle to "gorklon rust," leading to a meteoric rise in Gork-themed tokens on Monday. However, the abrupt GORK price drop can be attributed to the hype subsiding, as tokens like GORKLON fell over 80% in 24 hours.
So, what lies ahead for GORK?
GORK's Shaky Recovery?
Given the 1-hour GORK price chart, the asset looks to be inching towards a consolidation phase within a stretched Fibonacci retracement range after a steep rally.
The New XAI Gork price now hovers around $0.04370 after pulling back from its recent highs near $0.07 and encountering resistance at the 0.618 Fibonacci level ($0.03938). This level typically offers solid support during retracement situations, GeckoTerminal insights reveal.
Meanwhile, the 50 Simple Moving Average (SMA) is nestled above the current GORK price at $0.05589, reflecting recent market turmoil as the price remains under this dynamic resistance.
In the meantime, the Relative Strength Index (RSI) stands at 34.56, edging close to oversold territory. This indicates that bearing pressure might be dwindling, boosting the likelihood of a rebound, particularly if the GORK price finds its footing above the crucial 0.618 level.
Allowing for the RSI being close to oversold and the proximity to a strong Fibonacci support level, a short-term rebound towards the $0.062-$0.07 zone seems feasible if buying momentum reemerges.
Nevertheless, falling short of $0.039 could trigger a deeper dive towards the 0.786 level ($0.022).
In a separate development, investor excitement is soaring for a new AI-powered crypto branded with Pepe the Frog, called MIND of Pepe (MIND).
Popular crypto YouTube channel, 99Bitcoins, with over 725K subscribers, foresees MIND skyrocketing 100X post-launch.
MIND of Pepe Presale Nearing $9 Million Milestone – 25 Days Left To Jump Onboard
In a hurry, MIND of Pepe has raised over $8.78 million through its presale.
Distinguishing itself from regular meme coins, MIND boasts an AI agent that monitors market trends and provides crypto insights to MIND holders via token-restricted groups, granting them a competitive edge in the market.
Slated to go live on X on May 10, the MIND of Pepe AI agent will prove a game-changer, by offering token holders insightful crypto data.
Even MIND holders can stake their tokens to earn an eye-popping 259% annual percentage yield (APY). At present, MIND tokens trade at $0.0037515 and can be purchased either with crypto or credit cards through the user-friendly widget available on its website.
However, investors should act fast as the MIND presale is scheduled to end in approximately 25 days.
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- In the midst of market turmoil, the GORK token, currently priced at $0.04370, is showing signs of recovery, inching towards a consolidation phase within a Fibonacci retracement range.
- The proximity of the Relative Strength Index (RSI) to oversold territory and the strong Fibonacci support level suggest a short-term rebound towards the $0.062-$0.07 zone could be plausible for GORK.
- However, if the GORK price fails to rebound and falls short of the crucial 0.618 level, a deeper dive towards the 0.786 level ($0.022) might ensue.
- Meanwhile, investor excitement is mounting for a new AI-powered crypto initiative, the MIND of Pepe (MIND), which aims to provide investors with a competitive edge by monitoring market trends and offering insights through token-restricted groups. The MIND presale is currently nearing a $9 million milestone, with only 25 days left to participate.
