As the altcoin sector experiences a strong recovery, AI tokens are making significant waves in the cryptocurrency market. This resurgence in AI tokens is overshadowing the 13% pullback in Nvidia's stock price, highlighting their growing influence.
Why AI Tokens Are Gaining Momentum
AI crypto tokens are signaling a trend reversal with sudden price surges, pushing toward new highs. Interestingly, this price reversal coincides with Bitcoin and Ethereum struggling to recover while trading near strong support levels.
Key Question: With AI tokens defying market trends, is now the optimal time to invest in AI-based cryptocurrencies?
Fetch.AI (FET) Targets $3 with a 22% Surge
The daily chart for FET reveals a descending channel pattern transitioning into a bullish cycle. Over 48 hours, FET surged by 22%, surpassing its 200-day EMA, fueled by the broader AI token recovery.
Technical Indicators for FET:
- MACD: Shows a positive crossover, indicating potential trend reversal.
- Price Action: FET is currently trading at $1.70, up 4.40% intraday, forming a bullish engulfing candle.
- Fibonacci Levels: The uptrend is approaching the 50% level at $1.88**. A breakout could propel FET toward **$3.26.
👉 Discover why FET is a top AI token to watch
Ocean Protocol (OCEAN) Prepares for a Wedge Breakout in July
After peaking at $1.4387**, OCEAN entered a downtrend, forming a descending wedge. The token has dropped **64%** over 90 days but now tests the **$0.50 support trendline.
Key Insights:
- Despite a near-death cross in MACD, OCEAN staged a 20% rally in 48 hours.
- The token has surpassed the 23.60% Fibonacci level, eyeing $0.80 next.
- A breakout could reclaim $1** and even test **$2 by late July.
SingularityNET (AGIX) Eyes a 2X Rally in July
AGIX mirrors OCEAN’s pattern, trading in a descending wedge. However, bullish momentum is building:
- Current Price: $0.70 (up 5.31% intraday).
- MACD: Suggests a reversal, with the 200D EMA as the next target.
- Price Target: A breakout could send AGIX to $1.39, a new all-time high.
👉 Learn how AGIX compares to other AI tokens
FAQs About AI Tokens
1. Why are AI tokens outperforming the market?
AI tokens benefit from increased adoption in decentralized AI projects, attracting both retail and institutional interest.
2. Is FET a good long-term investment?
FET’s tech integration with Fetch.AI’s decentralized machine learning makes it a strong contender, but monitor market trends.
3. What’s driving OCEAN’s potential breakout?
Growing demand for decentralized data exchange and AI services positions OCEAN for upside.
4. How high can AGIX go in 2025?
If bullish momentum continues, AGIX could surpass $1.50, but always DYOR (Do Your Own Research).
Conclusion
AI tokens like FET, OCEAN, and AGIX are demonstrating 2X upside potential, driven by technical breakouts and sector-wide momentum. Investors should watch these tokens closely for entry opportunities while considering risk management strategies.
Source: Adapted from Golden Finance. Original content is republished for informational purposes only.