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AI Tokens reveal 2 advantages with FET, AGIX and OCEAN in Bull Run
With the altcoin segment making a strong recovery, AI tokens are making huge waves. The rally in AI tokens is undermining NVIDIA stock’s 13% pullback.
AI crypto tokens are teasing a turnaround rally to a new peak with the sudden jump. Furthermore, the price reversal comes as Bitcoin and Ethereum are struggling for a comeback and are trading at strong support levels.
So, as AI tokens buck the wave of the broader market, is it the best time to buy AI crypto tokens?
Fetch.AI token rises 22%, Eyes $3
With a declining channel pattern on the daily chart, the FET token shows a positive cycle gaining momentum. Recovery rally surpasses 200D EMA with a 22% increase within 48 hours as AI tokens recover.
With the bullish cycle in action, the MACD and signal lines give a positive crossover. Therefore, the momentum indicator signals a potential trend reversal. Furthermore, the recovery rally delays the death cross at the 50D and 200D EMA.
Currently, the AI token is trading at $1.70 with an intraday growth of 4.40%, creating a new bullish engulfing candle.
According to Fibonacci levels, the uptrend is close to challenging the 50% level at $1.88. A breakout rally could soon overcome supply pressure at the descending trend line, prolonging the bull run. This way, buyers can increase the price of the AI token to $3.26.
The OCEAN Protocol prepares for the wedge break in July
With a downtrend moving after the formation of the peak at $1.4387, the OCEAN token forms a descending wedge. The collapse represents a 64% decline within the 90 days needed to test the trendline of declining support at the psychological $0.50 level.
Similar to other AI tokens such as FET coin, the OCEAN price chart reveals a potential death cross but a bullish crossover in the MACD indicator. This contradiction underlines a bullish cycle that is gaining trend momentum in a bearish scenario due to the prevailing pullback.
The ongoing bullish cycle within the wedge results in a 20% price increase within 48 hours. Furthermore, the uptrend surpasses the 23.60% Fibonacci level, portending a jump to $0.80.
Considering the uptrend continues, a descending wedge breakout rally can recapture the $1 psychological level. With this breakout momentum, the AI token can jump to the $2 mark or the 1.618 Fibonacci level by the end of July.
AGIX price is preparing to double in July
With similar price action to the OCEAN token, the AGIX price chart reveals a descending wedge with the pullback phase. However, according to Fibonacci levels, buyers restart the cycle from the 23.60% level and break above the 38.20% level at $0.69.
Furthermore, the crucial 50D and 200D EMA with the MACD indicator project a similar reversal rally that will gain momentum. With an increase in trading volumes, the AI token, AGIX, is trading at $0.70 with an intraday growth of 5.31%, following a 13% jump last night.
With the recovery rally soon to surpass the 200D EMA, the AGIX price trend may soon challenge the overall trend line. Therefore, the AI token may soon regain the $1 mark and rise to an all-time high level of $1.39 next month.