AI Crypto Craze: Top AI Tokens To Hoard For Next Bull
The post AI Crypto Craze: Top AI Tokens To Hoard For Next Bull appeared first on Coinpedia Fintech News
With the recovery run in the crypto market gradually gaining momentum, the AI tokens are on a roll. With top performers preparing for breakout runs, the AI crypto segment is close to hitting the $30 Billion mark.
Among the top performers, Near Protocol, Bittensor, Injective, and FET rank the charts.
As the bullish momentum increases, let’s take a closer look at the must-buy AI tokens for the next bull run.
Top AI Crypto To Buy: Near Protocol (NEAR)With a market cap of $4.618 billion, NEAR Protocol stands as the biggest AI crypto in the industry. Over the past 24 hours, the NEAR token has increased by 2.31%. Currently, it is trading at $4.07, with an intraday drop of 1.36%.
The intraday pullback comes with the higher price rejection witnessed last night from the 50-day EMA at $4.30. Further, the 23.60% Fibonacci level at $4.379 reverses the AI crypto.
Further, it increases the possibility of a head-and-shoulder pattern with a neckline at $3.523. Nevertheless, the broader market recovery and the surge in RSI lines with the recent bullish engulfing candle project a potential uptrend.
The bullish breakout of the 23.60% level will put $1.05 and $1.0558 as the next potential targets. Meanwhile, the $3.859 and $3.60 support levels are likely to limit the downside risk.
Bittensor (TAO)The BitTensor AI token has increased by 11.02% in the past 24 hours and registered a 15% jump in the last seven days. With a market cap of $2.37 billion, the TAO token trades at $322.
In the daily chart, the TAO price trend maintains a sideways route, with the overhead ceiling at $354 standing strong. The bullish engulfing candle formed last night with a 12.52% jump shows a higher price reaction and a failure to sustain above $350.
Currently, the intraday candle projects a higher price reaction and teases a potential retest of the 50% Fibonacci level at $309. Meanwhile, the long-coming consolidation range, extending from $213 to $355, witnesses an early bull cycle and newfound support from the 50-day EMA.
As the broader market improves, a breakout of $350 will put $447 and $706 potential targets for the AI crypto. Meanwhile, the crucial support is at $300 and $283.
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Injective (INJ)The AI crypto injective with the native token INJ has surged by 5.42% over the past 24 hours and is approaching the $2 billion market cap. Currently, the market cap is at $1.87, and the INJ token is trading at $19.22.
In the daily log chart, the INJ price trend maintains a falling channel pattern but takes a sideways route with the recent reversal from $16. The overnight jump in INJ price forms a bullish engulfing candle with the 8.27% surge.
This undermines the three-day crash and challenges the 23.60% level at $19.74. A bullish breakout will challenge the overhead trendline near the $21 mark. However, the breakout will depend on the broader market movement.
As the immediate resistance above the trendline is the 200-day EMA and the 38.20% level at $23.79, the price action traders must remain cautious. A bullish breakout above 38.20% will signal a trend reversal and will likely hit the $41 or $52 mark at the 78.60% or 100% Fibonacci level. Meanwhile, the crucial support for the AI crypto is at $17.94 and $15.75.