Top 3 AI Altcoins To Stack For 100% Upside This August!
The post Top 3 AI Altcoins To Stack For 100% Upside This August! appeared first on Coinpedia Fintech News
Following the massive cross-border market correction on Monday, the cryptocurrency space has recorded a strong bullish recovery, indicating an increase in the buying pressure. Moreover, the market leader, Bitcoin price has reclaimed the $57K mark.
Following this, the Artificial Intelligence (AI) category has displayed a similar price action by adding a significant value to their respective portfolios during this week.
Scroll down as, in this article, we have covered the top 3 Artificial Intelligence (AI) tokens that have the potential to record a massive upside in their respective portfolios during the upcoming time.
Akash Network (AKT) Price Action:
With the rising volatility in the crypto space, the Akash Network price has recorded a jump of approximately 1% with a trading volume of $20.257 Million. However, it has plunged 15.62% within the past seven days and 32.23% over the past 30 days.
The Moving Average Convergence Divergence (MACD) has displayed a constant decline in the red histogram with its averages showing a constant downtrend in the 1D time frame. Further, the SMA indicator acts as a resistance to the price chart, suggesting a mixed sentiment.
If the market holds the AKT price above its support level of $2.250, the bulls will prepare to test its upper resistance level of $4.240 during the upcoming weeks. Conversely, if the bears continue to dominate the market, it will plunge toward its low of $1.425.
Render Token (RNDR) Price Action:
Amid increased price volatility, the Render token has jumped approximately 5% within the past day. Furthermore, with a circulating supply of 392,459,381 and a market capitalization of $1.889, the RNDR price has secured the 40th position in the global crypto list.
The Relative Strength Index (RSI) has recorded a bullish rise below its oversold range. Further, its average trendline is on the verge of recording a bullish convergence, suggesting a positive outlook for the altcoin in the coming time.
If the market continues to trade under a bullish sentiment, the Render price will prepare to test its upper resistance level of $7.325. However, a bearish reversal could pull the RNDR price toward its low of $3.475 this month.
Theta Network (THETA) Price Action:
With a jump of 3.85% within the past day, the THETA price has maintained its value above the $1 mark. Further, with a circulating supply of 1 Billion THETA tokens, it has secured the 57th position in the global crypto list with a market capitalization of $1.127 Billion.
The technical indicator, MACD, displays a constant rise in the red histogram with its averages showing a constant downtrend. Moreover, the EMA 50-day acts as a resistance to the Theta Network price chart, indicating that the price will continue losing value this week.
Suppose, a bullish reversal occurs, in such case, the THETA price will regain momentum and test its upper resistance level of $1.975. However, if the bears continue to hold power, the Theta Network crypto will retest its low of $0.930 in the coming time.
