Altcoins
Top AI tokens are set for a dramatic rally this week!
The cryptocurrency market started the third week of July with strong bullish sentiment, highlighting a positive outlook for the token this week. Furthermore, with the price of Bitcoin keeping its value above the $63,000 threshold, major altcoins have seen a bullish price trend.
Furthermore, after briefly seeing a bearish price trend, the artificial intelligence (AI) category has regained momentum and has seen a significant jump in its valuation in recent days.
Read on because in this article, we have covered the top 3 artificial intelligence (AI) tokens that have the potential to see a huge price move in their respective portfolios in the coming weeks.
Artificial Superintelligence Alliance (FET) Price Action:
Amidst growing bullish sentiment in the cryptocurrency space, the FET Price has regained momentum and jumped about 11% in the last day with a trading volume of $140.47 million. It has also added 9.58% to its portfolio in the last week, indicating a stronger bullish influence.
TradingView: FET/USDT
The technical indicator, MACD, shows a steady increase in the green histogram with its averages recording a bullish action. This highlights an increase in buying pressure. In addition, the SMA indicator has shown a positive crossover, suggesting that FET price will continue to gain value this week.
If the market holds the price of Artificial Superintelligence Alliance above its important support level of $1,285, the bulls will prepare to test its upper level of $1,855. On the contrary, a bearish price action could push the price towards its low of $0.816 this month.
Render Token on the verge of a major breakthrough:
With a jump of about 7% in the last day, the RNDR Price is on the verge of breaking out of its resistance trend line of the descending channel pattern. In addition, this AI token has increased by 38.39% this year and has a market cap of $2.54 billion.
TradingView: RNDR/USDT
The Relative Strength Index (RSI) is recording a strong increase towards the neutral point. While the 50/200-day EMA is showing a high probability of a Death Cross in the 1D time frame. This highlights a mixed sentiment for the Rendering Price.
If the market continues to trade with a bullish sentiment, this could lead to the RNDR coin price testing its upper resistance level of $9,450. On the negative side, if the bears regain control, the Render cryptocurrency will plummet towards its crucial support level of $5.30.
The price chart breaks above its important resistance level:
THE GRT Price continues to trade with a bullish sentiment 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 a stronger bullish influence.
TradingView: GRT/USDT
The simple moving average (SMA) has shown a bullish convergence in the price chart chart, suggesting a positive outlook for the altcoin this week. Additionally, the MACD indicator has been in an ascending pattern.
If the bulls continue to gain momentum, Graph Crypto will prepare to test its $0.2650 resistance level. However, if the bears dominate the cryptocurrency market, this altcoin will retest its lower $0.1375 support level this month.