GRIFT Token Surges 44% Overnight, Market Cap Tops $40M

ORBIT's native AI token, GRIFT, has experienced a significant price surge, jumping 44% overnight to reach $0.04646. This rapid price increase has pushed the token's market cap to $40.5 million, with $68.9 million in 24-hour trading volume, indicating strong investor interest and momentum in the market.

The price of GRIFT has fluctuated between $0.02882 and $0.04779 over the past day. The 2-hour chart highlights a strong bullish breakout, with GRIFT trading well above the 9-period EMA at $0.04061. The SMA at $0.03894 reinforces the uptrend, while Bollinger Bands show a price nearing the upper resistance at $0.04638, indicating potential overbought conditions.

On the 1-hour timeframe, the price has rebounded from the lower Bollinger Band at $0.03726, establishing new support. Resistance is now forming at $0.04838, with a breakout potentially pushing the token toward the next major level at $0.05. Volume remains high, supporting the bullish momentum.

The shorter 1-minute chart shows a strong upward movement, with the 9-period EMA at $0.04657 closely tracking price action. Bollinger Bands remain tight, indicating increased volatility and the possibility of sharp price swings.

As of now, the token's fully diluted valuation sits at $46.1 million, with a circulating supply of 879.9 million tokens. With AI-powered crypto narratives gaining traction, GRIFT's price movement suggests sustained demand.