The Graph and Injective Protocol rally, YPRED looks bullish

The Graph (GRT) and Injective Protocol (INJ) are up 13.54% and 9.51%, respectively, in the past 24 hours. Meanwhile, a new AI project yPredict is nearing the end of its presale with $300K left to raise.

The Graph and Injective Protocol could break out

The recent price gains of The Graph and Injective Protocol have brought their tokens closer to crucial resistance levels, marking potentially decisive moments for the projects.

The Graph recently surpassed $0.21, now at $0.2195. The rejection of the $0.21 level in February makes it a pivotal resistance point.

While the recent breakthrough is optimistic for holders, it’s essential to stay above this level to sustain bullish momentum.

Analyst Cryptoknight890 noted the potential breakout yesterday, speculating the token has the potential to climb to highs of $0.84 following the move.

$grt on the verge of breaking out 🚀 pic.twitter.com/NtwhsX8qIT

— KNIGHT $INJ TO 100$ (@cryptoknight890) January 1, 2024

Meanwhile, trader Crypto Tony suggests, “everyone will be talking about GRT in a few weeks.”

Everyone will be talking about $GRT in a few weeks legends pic.twitter.com/1iVN6vZrgR

— Crypto Tony (@CryptoTony__) January 1, 2024

The analysts then posted the GRT price chart, displaying its recent break above the yearly resistance level.

Taking a longer-term outlook, The CryptoBull also believes GRT will continue rising, even reaching $7.

$GRT looks so good on high-time frame.

Some say $7 is programmed. pic.twitter.com/CxVJR460Pz

— The CryptoBull (@TheCryptoBull77) January 1, 2024

Moving to Injective Protocol, its price is edging towards its Dec. 24, 2023, all-time high (ATH) of $44.61.

Currently, it is trading at $39.24.

However, trader Doji predicts that INJ will retest its ATH and potentially break through to enter price discovery.

$INJ this also looks really clean imo

might give a test of the yellow line (resistance)

RSI did a reset which is good. gives bulls some more fuel to break into price discovery mode once again. 🥷 pic.twitter.com/cfWqUb1BVn

— Doji 🥷 (@SatsDoji) January 1, 2024

Meanwhile, trader and author of Trading Wisdom, Cheds, said the coin will resume the uptrend.

$INJ working on 2 small bodies at DMA 20 following a consolidation

Confluence with prior broken resistance level

Candle body progression is suggestive of slowing bear force pic.twitter.com/81DIeqLaQi

— Cheds (Trading Quotes) (@BigCheds) December 30, 2023

But while analysts are optimistic about GRT and INJ, investors are also looking at yPredict to rally.

yPredict presale nears end, may continue rallying

yPredict is an all-in-one ecosystem that provides tools like AI-powered trading signals, sentiment analysis, technical analysis, and chart pattern recognition.

Users will access the platform using its YPRED utility token.

Furthermore, its use case provides value to users, equipping everyday crypto traders with tools previously only available to large-scale institutions and whales.

As such, yPredict aims to level the playing field, potentially drive mass adoption which may support prices.

This outlook was recently contemplated by the InsideBitcoins YouTube channel, speculating on whether yPredict will rally after its IEO.

While there is no guarantee how far it will go, its incorporation of AI gives it an advantage.

Several other AI-related cryptos have pumped recently, including The Graph, which currently holds a $2 billion market cap.

Comparatively, yPredict’s market cap at launch will be $6.5 million, positioning it for more growth.

The project plans to raise $300K more before the presale ends.