With BTC’s price holding its value above the $64k level, the market has experienced increased bullish action. Moreover, the memecoin and AI categories have recorded the highest gains within a short period.
The Artificial Intelligence category has experienced a significant uptrend with major projects breaking out of their important resistance trendline over the past few days. With questions like “Will AI hype rebound?” and “Is this the right time to invest in crypto?”, investors are resurfacing.
In this article, we have covered the market sentiments, price analysis, and possible price targets of the top 3 Artificial Intelligence (AI) tokens for this month.
After displaying a bearish action for a brief period, the Injective price has regained momentum by adding over 41% during the last 30 days. Moreover, with a jump of ~8% within seven days, the altcoin has formed an ascending channel pattern and continues trading within it.
The Simple Moving Average (SMA) displays a bullish price action in the 1D time frame. Moreover, the MACD indicator records a constant green histogram in the INJ price chart. This suggests that the altcoin may continue gaining value this week.
If the market continues favoring the bulls, this could result in the Injective price heading toward its upper resistance level of $28.25 in the coming time. Conversely, a bearish reversal could pull the price toward its important support level of $21.35.
The NEAR price has continued recording a bullish action by adding 3.46% in the past day. Moreover, it has added 5.27% over the past week and 36.56% during the past month. With a YTD return of +50%, it has continued holding the position of the most valuable AI project with a market cap of $6.617 billion.
The EMA 50/200-day shows a high possibility of a Golden Cross in the 1D time frame. Moreover, the RSI indicator is hovering close to its overbought range. This highlights a bullish outlook for the AI token in the coming time.
If the bulls regain momentum, the NEAR price will retest its resistance level of $6.225. On the flip side, if a bearish reversal occurs, in that case, the Near Protocol price may retest its low of $5.
Curious about Near Protocol’s future price targets? Read our NEAR Price Prediction for insights!
Despite recording a correction of ~5% over the past week, the FET price has jumped 39% during the past month and over 144% this year. Moreover, with a market cap of $4.138 billion, it has secured the 28th position in the global crypto list.
The Moving Average Convergence Divergence (MACD) shows a decline in the red histogram with its averages showing a high possibility of a bullish convergence. With its SMA indicator supporting the price trend, the FET price hints at a positive price action this week.
If the bulls hold the value above the resistance level of $1.650, the Super Artificial Intelligence price will head toward its upper resistance level of $2.230. However, if the altcoin faces rejection, it could break its support trendline of the channel pattern and plunge toward its low of $1.
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