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Top AI Tokens for a 100% Rise During Next Altcoin Rally!
Although the cryptocurrency market has undergone a significant correction, e Bitcoin price dropping below $70,000. The Artificial Intelligence (AI) category has successfully regained momentum, resulting in top tokens seeing significant price action in recent days.
Tokens like Close to the protocol (NEAR), Render (RNDR), The Graph (GRT), and Bittensor (TAO) have each risen more than 20% 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 next AltSeason!
Token Rendering Tips A great success!
THE RNDR price has corrected by 5.12% in the last day, following the release of Nvidia’s (NVDA) first quarter earnings, indicating short selling. On the positive side, this AI token has seen a 2X increase in its trading volume reaching $833.882 million in the last 24 hours.
TradingView: RNDR/USDT
Furthermore, the RNDR token it formed a symmetrical triangle in the 1D time frame and failed to breach its resistance trendline. However, the SMA supports the price chart and shows a bullish curve, highlighting a high possibility of a bullish reversal.
On the other hand, the MACD shows a steady flat line in its chart, indicating weak price action. On the positive side, the averages show a bullish convergence, suggesting growing positive sentiment in the cryptocurrency market.
If the bulls regain momentum, Render price will test its resistance trendline again this week. This could further lead to testing of its ATH in the coming times. Conversely, bearish price action could push the price towards its $9,450 support level.
GRT price records a parabolic surge:
Despite recording a neutral trend in the last 24 hours, the GRT price it added 9.26% in the last seven days and 15.12% in the last 30 days. With a year-to-date return of 84.45%, the Graph token has secured the 37th position on the global cryptocurrency market list.
TradingView: GRT/USDT
The graph (GRT) formed a step formation with parabolic curve in the 1D time frame. This indicates strong bullish sentiment for the AI token in the crypto space.
Furthermore, the 50-day EMA supports the price chart by showing a bullish curve, suggesting that the price will continue to gain value in the coming times.
However, the technical indicator, RSI, shows bearish sentiment below the overbought range, indicating a decline in bullish sentiment. On the other hand, the averages show a bullish increase, highlighting mixed sentiment in future price action.
Turbo Price experiences exceptional rally:
TURBO price showed a strong breakout 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%) in the latest day.
TradingView: TURBO/USDT
Furthermore, it has increased by 64.58% in the last seven days and 212.63% in the last 30 days. With a year-to-date (YTD) return of 4X (408.49%) and a market capitalization of $123.49 million, the Turbo token has secured the 406th position.
The technical indicator, RSI, continues to trade above the overbought range, highlighting increased buying-selling pressure in the crypto space.
If the market sustains the price above the $0.00180 support level, the bulls will prepare to test its upper resistance level of $0.00220 in the coming time. Conversely, a bearish trend reversal could push Turbo price towards its $0.00140 support level.
Conclusion:
With bullish sentiment in the cryptocurrency market steadily increasing, the Artificial Intelligence (AI) category is expected to exhibit strong bullish price action in the coming weeks.
Furthermore, with year-over-year (YoY) growth of over 300%, this category has high potential to dominate the next rally.