With Bitcoin’s positive bounce, the crypto market is seeing significant gains, especially within the Artificial Intelligence (AI) category. Top AI tokens are showing double-digit increases in the last 24 hours, marking a bullish trend. Here, we highlight the top 5 AI tokens with strong potential for future gains.
Akash Network (AKT)
Despite a recent decline of 1% over the past week and 19.80% over the past month, Akash Network (AKT) shows promise. In the past day, AKT surged 19.09% with a trading volume of $56.50 million, indicating a bullish trend. Currently priced at $3.470, AKT has a market capitalization of $886.349 million and a circulating supply of 243,157,044 AKT, with a maximum supply of 388,539,008 AKT.
If the bullish momentum continues, AKT could reach a high of $5.180. Conversely, a bearish trend might see it retest a low of $2.250.
Artificial Superintelligence Alliance (ASI)
The Artificial Superintelligence Alliance (ASI) has rebounded by approximately 6% after a bearish week. With a year-to-date return of 70.21%, it maintains a long-term bullish outlook. However, the Moving Average Convergence Divergence (MACD) shows a flatline, indicating weak price action and a neutral trend, suggesting market uncertainty.
If ASI stays above its support level of $1.285, it could test the resistance level of $1.855. A bearish shift could drive it down to $0.816.
Render (RNDR)
Render (RNDR) has seen a 2% increase in the last day amidst market recovery but has experienced a 9.38% decline over the past week and a 37.61% drop over the past month. Currently valued at $6.566, with a circulating supply of 388,650,384 RNDR tokens, it ranks as the 29th largest cryptocurrency by market cap at $2.617 billion.
If the market gains strength, RNDR could test an upper resistance level of $9.450. A bearish market might push it down to a crucial support level of $5.30.
The Graph (GRT)
The Graph (GRT) has risen by 6.15% in the past day with a trading volume of $58.49 million. However, it has decreased by 14.87% over the past week and 40.09% over the past month. The MACD indicates increased selling pressure with a rising red histogram and bearish convergence.
If GRT maintains its price above the $0.1775 support level, it could challenge the upper resistance level of $0.2325. A bearish trend could see it drop to $0.1250.
Theta Network (THETA)
Theta Network (THETA) has increased by over 5% in the last day, yet it has dropped by 15% over the past week and 42.28% over the past month. Currently priced at $1.277 with a circulating supply of 1 billion THETA tokens, it ranks 56th in the global crypto market with a market cap of $1.288 billion.
If the bearish trend continues, THETA could fall to its crucial support level of $0.855. On the other hand, a bullish recovery could push it towards an upper level of $1.975.
Conclusion
The AI token market is displaying strong bullish signals amid the overall crypto market recovery. These top AI tokens, with their recent gains and future potential, offer promising opportunities for investors. However, it’s crucial to monitor market trends and act accordingly to maximize returns.
Please note that this is not financial advice. You’re advices to do your own research before investing in any token.
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