Top AI Tokens For 100% Surge During The Upcoming Altcoin Rally!
The post Top AI Tokens For 100% Surge During The Upcoming Altcoin Rally! appeared first on Coinpedia Fintech News
Despite the crypto market experiencing a significant correction, and Bitcoin price dropping below $70K. The Artificial Intelligence (AI) category has successfully regained momentum, resulting in top tokens recording significant price action over the past few days.
Tokens such as Near Protocol (NEAR), Render (RNDR), The Graph (GRT), and Bittensor (TAO) have recorded a surge of over 20% each over the past month, highlighting a positive outlook for these tokens during the upcoming bull rally.
In this article, we have covered the top 3 AI tokens that have the potential to outperform the top altcoins ahead of the upcoming AltSeason!
Render Token Hints A Major Breakout!
The RNDR price has recorded a correction of 5.12% within the past day, following the reporting of the Nvidia (NVDA) Q1 earnings, indicating a short selling. Positively, this AI token has recorded a surge of 2X in its trading volume to $833.882 Million within the past 24 hours.
Furthermore, the RNDR token has formed a symmetric triangle in the 1D time frame and has failed to breach its resistance trend line. However, the SMA supports the price chart and displays a bullish curve, highlighting a high possibility of a bullish reversal.
On the other hand, the MACD shows a constant flatline in its chart, indicating a weak price action. Positively, the averages display a bullish convergence, suggesting a rising positive sentiment in the crypto market.
If the bulls regain momentum, the Render price will retest its resistance trendline this week. This could further result in it testing its ATH in the coming time. Conversely, bearish price action could pull the price toward its support level of $9.450.
GRT Price Records A Parabolic Surge:
Despite recording a neutral trend over the past 24 hours, the GRT price has added 9.26% within the past seven days and 15.12% over the past 30 days. With a YTD return of 84.45%, the Graph token has secured the 37th position on the global crypto market list.
The Graph (GRT) token has formed a parabolic curve step-like formation in the 1D time frame. This indicates a strong bullish sentiment for the AI token in the crypto space.
Moreover, the EMA 50-day supports the price chart by displaying a bullish curve, suggesting the price will continue gaining value in the coming time.
However, the technical indicator, RSI, shows a bearish sentiment below the overbought range, indicating a decline in the bullish sentiment. On the other hand, the averages display a bullish rise, highlighting a mixed sentiment in future price action.
Turbo Price Experiences A Breakout Rally:
The TURBO price has displayed a strong break-out rally from its parallel channel pattern in the 1D time frame by adding 25.07% with a trading volume of $54.55 Million (+43.18%) within the past day.
Further, it has surged 64.58% within the past seven days and 212.63% over the past 30 days. With a Year-to-Date (YTD) return of 4X (408.49%) and a market cap of $123.49 Million, the Turbo token has secured the 406th position.
The technical indicator, RSI, continues to trade above the overbought range, highlighting an increase in the buying-over-selling pressure in the crypto space.
If the market holds the price above the support level of $0.00180, the bulls will prepare to test its upper resistance level of $0.00220 in the coming time. Conversely, a bearish trend reversal could pull the Turbo price toward its support level of $0.00140.
Conclusion:
With the bullish sentiment in the cryptocurrency market on a constant rise, the Artificial Intelligence (AI) category is expected to display a strong bullish price action during the upcoming weeks.
Moreover, with a Year-on-Year (YoY) growth of over 300%, this category carries a high potential to dominate the upcoming rally.
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