With the rising price volatility, the cryptocurrency market has displayed a strong bullish recovery with top tokens successfully retesting their respective support levels. Further, the market leader, Bitcoin price trades above the $61K mark with a 24-hour high of $61,381.
Following this, the Artificial Intelligence category has regained momentum with some AI tokens recording a double-digit gain over the past 24 hours.
Planning on investing in Artificial Intelligence (AI) tokens for the upcoming crypto bull run? Scroll down as, in this article, we have covered the top 4 AI crypto tokens that have the potential to record a jump of up to 100% in their respective portfolios this year.
Akash Network (AKT) Price Action:
With a trading volume of $29.785 Million and a jump of approximately 16% within the past 24 hours, the AKT price has successfully regained momentum. Furthermore, with a market capitalization of $724.76 Million, this AI token has secured the 81st position in the global crypto-list.
The SMA indicator has displayed a bullish curve for the AKT price in the 1D time frame. Further, the RSI has recorded a sharp rise toward its neutral point and is on the verge of testing it. This indicates increased price action for the altcoin in the crypto space.
If the market continues trading under a bullish sentiment, the Akash Network price will head toward its upper resistance level of $4.240 during the upcoming weeks. Conversely, if the bears regain power, the AKT crypto will retest its low of $2.250.
Artificial Superintelligence Alliance (FET) Price Action:
Amid increased buying pressure within the crypto market, the Artificial Superintelligence Alliance price has added 8.47% to its portfolio within the past few hours with a trading volume of $112.75 Million. Despite recording a bearish action over the past month, it has surged 36.59% this year.
The Moving Average Convergence Divergence (MACD) has recorded a constant decline in the red histogram with its averages showing a high possibility of a bullish convergence. However, the EMA 50/200-day shows a negative trend, suggesting a mixed sentiment.
Suppose, the bulls push the FET price above its resistance level of $1.050, in that case, it will prepare to test its upper resistance level of $1.650 this month. Negatively, bearish action could result in it plunging toward its crucial support of $0.50.
Arkhan (ARKM) Price Action:
After trading under a bearish sentiment for a brief period, the ARKM price has surged approximately 11% in the past day and 10.3% over the past week. Moreover, with a trading price of $1.154 and a circulating supply of 204.6 Million ARKM tokens, it has a market cap of $233.513 Million.
After hovering close to its oversold range for a period, Arkhan’s technical indicators SMA and RSI have both recorded a bullish action in their respective chart. This suggests a positive outlook for the altcoin during the upcoming week.
Maintaining the price above its resistance level of $1.20 will set the stage for the ARKM price to test its upper high of $1.90. However, if the bears dominate the crypto space, this AI token will restest its yearly low.
Bittensor (TAO) Price Action:
The Bittensor price has continued trading under a bullish sentiment by adding 4.13% to its valuation within the past day and 24.31% over the past week. Moreover, the TAO price has surged 21.03% and has rewarded its long-term investors with a Year-to-Date (YTD) return of 14.71%.
The 50-day EMA acts as a support to the Bittensor price chart in the 1D time frame, suggesting increased bullish sentiment for the altcoin. Moreover, the MACD shows a rising green histogram with a positive crossover, indicating that the price will continue gaining value in the coming time.
If the market continues trading under a bullish sentiment, the TAO price will head toward its upper resistance level of $437.5. Conversely, a trend reversal could pull the price toward its crucial support trendline of $212.
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