AI Tokens Set to Outperform Top Cryptos During Altseason?
The crypto market has seen a 1.71% increase in the last 24 hours, pushing Bitcoin back above the $61,000 mark. However, Bitcoin has encountered strong resistance around the $62,000 level, indicating that sellers are stepping in at this price point.
Meanwhile, AI tokens are making a strong comeback, with the top tokens in this sector showing double-digit gains. As a result, many investors are asking, “Is now the right time to invest in crypto?” and “Which AI tokens should I add to my portfolio?”
In this article, we will explore the market sentiment, price action, and potential future price ranges for the top three AI tokens that are showing signs of a significant uptrend.
Artificial Superintelligence Alliance (FET) Price Action
With the crypto market recovering, the price of FET has surged by 16.07%, accompanied by a trading volume of $169.78 million. Over the past week, FET has gained 22.57%, and its year-to-date (YTD) return is 22.23%, indicating a long-term bullish trend.
The Moving Average Convergence Divergence (MACD) is steadily rising, and the Simple Moving Average (SMA) is supporting the price movement on the daily chart. This suggests that buying pressure for FET is increasing.
If FET can maintain its price above the resistance level, it could head toward its next target of $1.650. However, if the bears take control, the price could fall to its key support level at $0.50.
Render (RNDR) Price Action
Render (RNDR) has also experienced a strong rally, gaining 11.01% in the last 24 hours and 8.76% over the past week. Currently trading at $4.9494, RNDR holds the 44th spot in the crypto rankings with a market cap of $1.959 billion.
The Relative Strength Index (RSI) has risen sharply, indicating increased bullish sentiment. The average trendline is also supporting the price, suggesting that RNDR may continue its upward momentum.
If the bullish trend persists, RNDR could surpass its resistance level of $5.28 and move toward a higher target of $7.1850. However, if bearish pressure returns, RNDR may drop to its support level of $3.6535.
Theta Network (THETA) Price Action
Theta Network (THETA) has seen a 10.85% increase in the past 24 hours, with a trading volume of $22.46 million. Over the past week, THETA has gained 10.37% and has provided its long-term investors with a YTD return of 3.79%.
On the daily chart, the Simple Moving Average (SMA) shows bullish convergence, and the MACD indicator is reflecting positive momentum with a steady rise in the green histogram.
If the bullish trend continues, THETA could test its upper resistance level of $1.975 in the coming weeks. On the downside, if the bears regain control, THETA may retest its crucial support level of $0.930.
Not a financial advice, includes third party opinion.