Best AI Token Bets Segment For 2x Surge This Season

Published by

Sohrab Khawas

May 23, 2024

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The altcoins are slowing down, with the Bitcoin price taking another retest at $69,000. However, the buzzing sectors of AI tokens and meme coins are hot and continuing the bull run.

As the top performers in the AI sector make massive gains, sideline traders are on the lookout for a bullish entry. With the growing demand, here’s our list of the best bets for AI tokens with a 2x surge potential.

So, let’s examine these best bets and their price analysis to understand the best entry points.

AI Token TAO Starts Breakout Rally

In the daily chart, the TAO token price shows a bullish comeback and ends the correction phase. The revival comes with a falling wedge breakout for this AI token and marks a 32% rise in four days.

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The breakout rally led to four bullish candle streaks, and the altcoin is ready to reclaim the $500 psychological mark. Further, it shows the start of a rounding bottom pattern.

As per the trend-based Fibonacci levels, the bull run is picking pace in the AI token and is ready to break above the 50% level. An uptrend continuation could surpass the $1000 mark for more than 2x surge.

AIOZ Double Bottom Reversal Eyes $1.87

Continuing the bullish trend from a reversal at $0.60, the AIOZ Network token is heading to reclaim the psychological mark of $1. Currently, the AI token trades at $0.88 and is up by 46% in three weeks.

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Furthermore, the AI token shows a double bottom reversal with a neckline break at $0.75. Following the successful retest, the AIOZ token price is heading to challenge the 50% trend-based Fibonacci level.

Considering the bull run continues, the uptrend could reach the 1.618 Fibonacci level at $1.887.

NEAR Protocol Gains Momentum In A Bullish Channel

Prolonging the uptrend in the daily chart, the Near protocol token trades above the $8 mark. The uptrend displays a positive channel to fuel the bullish trend reversal.

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The bull run in NEAR price shows a jump of almost 57% in the last 37 days. Further, as per the Fibonacci levels, an uptrend continuation puts a target at the 1.618 Fibonacci level at $16.20.

Will The AI Tokens Surge 2x?

The price action analysis of our top AI token picks promises a recovery rally in the coming weeks. Further, the broader market recovery will increase the inflow in hot picks like AI tokens and meme coins. Hence, the chances of the abovementioned coins taking a 2x surge are promising.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.