Top AI Tokens Ready For A Break Out Rally This Week!
The post Top AI Tokens Ready For A Break Out Rally This Week! appeared first on Coinpedia Fintech News
The cryptocurrency market has started the third week of July with a strong bullish sentiment, highlighting a positive outlook for the tokens this week. Further, with the price of Bitcoin holding its value above the $63K mark, top altcoins have recorded a bullish price action.
Moreover, after recording a bearish price action for a brief period, the Artificial Intelligence (AI) category has regained momentum and has recorded a significant jump in its valuation over the past few days.
Dive in as, in this article, we have covered the top 3 Artificial Intelligence (AI) tokens that have the potential to record a massive price action in their respective portfolios during the upcoming weeks.
Artificial Superintelligence Alliance (FET) Price Action:
Amid increased bullish sentiment in the crypto space, the FET price has regained momentum and has jumped approximately 11% within the past day with a trading volume of $140.47 Million. Further, it has added 9.58% to its portfolio over the past week, indicating increased bullish influence.
The technical indicator, MACD, shows a constant rise in the green histogram with its averages recording a bullish action. This highlights an increase in the buying pressure. Moreover, the SMA indicator has displayed a positive crossover, suggesting the FET price will continue gaining value this week.
If the market holds the Artificial Superintelligence Alliance price above its important support level of $1.285, the bulls will prepare to test its upper level of $1.855. Conversely, bearish price action may pull the price toward its low of $0.816 this month.
Render Token On The Verge Of A Major Break Out:
With a jump of approximately 7% within the past day, the RNDR price is on the verge of breaking out of its resistance trendline of the descending channel pattern. Moreover, this AI token has surged 38.39% this year and has a market cap of $2.54 Billion.
The Relative Strength Index (RSI) records a sharp rise toward the neutral point. Whereas, the EMA 50/200-day displays a high possibility of a Death Cross in the 1D time frame. This highlights a mixed sentiment for the Render price.
If the market continues trading under a bullish sentiment, this could result in the RNDR coin price testing its upper resistance level of $9.450. Negatively, if the bears regain control, the Render crypto will plunge toward its crucial support level of $5.30.
The Graph Price Surpasses Its Important Resistance Level:
The GRT price continues to trade under a bullish sentiment by adding 8.23% to its portfolio over the past day with a trading volume of $48.836 Million, a change of 19.07%. Furthermore, this Artificial Intelligence (AI) token has jumped 11.59% over the past seven days, indicating increased bullish influence.
The Simple Moving Average (SMA) has displayed a bullish convergence in the Graph price chart, suggesting a positive outlook for the altcoin this week. Further, the MACD indicator has recorded a rising pattern.
If the bulls continue to gain momentum, Graph Crypto will prepare to test its resistance level of $0.2650. However, if the bears dominate the crypto market, this altcoin will retest its lower support level of $0.1375 this month.
