The crypto market teases a bull market ahead, with the Bitcoin price rejecting targets below $63,000 and aiming for a breakout rally to surpass $64K. Amid such conditions, the social engagement of AI crypto tokens, gaming tokens, and meme coins is rising.
Based on Lunar Crush’s top coins, TAO ranks among the top AI tokens. Amid such improvement, a rise in demand for AI tokens, and the recent bull run witnessed last week, AI crypto is set to explode, as the new alt season is likely.
So, without further ado, let’s take a quick look at the must-buy AI cryptos this week.
With a 7-day return of 86.76%, BitTensor is making waves in the crypto market. Recently, it has reclaimed the $4 billion market cap and ranks among the top four AI crypto tokens.
Currently, the AI crypto token is trading at $547 with an intraday gain of 1.07%. This comes after the recovery of the bullish run of 14.97% yesterday. With a streak of 8 bullish candles, it has increased by 93.26% with a bounce back from the 50-day EMA.
Based on the Fibonacci levels, a breakout of the 1.618 level at $591 is the immediate target price. Beyond this, the psychological mark of $700 and the 2.618 Fibonacci level at $825 are potential price targets.
As the biggest AI crypto, the NEAR protocol has increased by 32.05% in the last 7 days. With a market cap of nearly $6 billion, the NEAR token traded at $5.26, with a 9.18% rise in the last 24 hours.
Based on the daily chart, the recovery rally in the NEAR token price reveals a double-bottom reversal, breaking above the neckline at the $5 psychological mark. Further, the recovery run surpasses the 50 and 200 EMA, teasing a potential golden crossover.
The recovery run is ready to challenge the 38.20% Fibonacci level at $5.56, with a 14.22% jump yesterday, creating a bullish engulfing candle. The overall sentiment for the NEAR protocol is bullish.
As the broader market recovers and the demand for AI crypto increases, the NEAR protocol will likely challenge the 50% Fibonacci level by the end of this week, standing at $6.19. As for the October rally, the meme coin will likely hit its 52-week high level of $9, with a long-term target of $12.15 at 1.618 Fibonacci level.
Curious if the NEAR Protocol can give 5x gains? Find out more about Coinpedia’s NEAR Price Prediction article, which includes price analysis, insights, and much more!
In the daily chart, the WLD token shows an intense correction phase following the rejection phase near the $12 mark in early March. Since then, the AI crypto token has broken multiple crucial supports, resulting in a downtrend to the $1.35 mark.
Currently, it is maintaining a sideways trend with the overhead resistance of the 50-day EMA. With a price jump of 9.30% yesterday, the WLD token challenges the 50-day EMA with the increasing possibility of a bullish breakout.
If the AI crypto token price surpasses the dynamic resistance, the overhead target for the WLD token stands at the 200-day EMA near $2.89. Furthermore, the range breakout will likely result in an overall trend reversal for the WLD coin.
Based on this assumption, the technical analysis demands a potential uptick in the 50-day EMA to tease a golden crossover. This will solidify the possibility of trend reversal and set the $6 target for the WLD coin in the coming times.
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