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Best AI token betting segment for 2x Surge this season
Altcoins are slowing down, with the price of Bitcoin undergoing another retest at $69,000. However, the vibrant AI token and meme coin sectors are hot and continue the bull run.
While top AI players make huge gains, fringe traders are looking for a bullish entry. With the growing demand, here is our list of the best bets for AI tokens with 2x upside potential.
So, let’s look at these best bets and their price analysis to understand the best entry points.
AI Token TAO Starts Breakout Rally
In the daily chart, the price of TAO token shows a bullish return and puts an end to the correction phase. The recovery comes with a breakout of the descending wedge for this AI token and marks a 32% increase in four days.
The breakout rally has led to four sets of bullish candles and the altcoin is poised to reclaim the psychological $500 mark. Additionally, it shows the beginning of a rounded bottom pattern.
According to trend-based Fibonacci levels, the bull run is accelerating in the AI token and is poised to surpass the 50% level. A continuation of the uptrend could break above the $1000 mark for a more than double increase.
Double bottom reversal eyes AIOZ $1.87
Continuing the bullish trend since the reversal at $0.60, the AIOZ Network token is preparing to regain the psychological limit of $1. Currently, the AI token is trading at $0.88 and is up 46% in three weeks.
Furthermore, the AI token shows a double bottom reversal with a break of the neckline at $0.75. After the success of the new test, the price of the AIOZ token is preparing to challenge the 50% trend-based Fibonacci level.
Considering the bull run continues, the uptrend could reach the 1.618 Fibonacci level at $1.887.
The NEAR protocol gains momentum in a bullish channel
Extending the uptrend on the daily chart, the Near protocol token is trading above the $8 mark. The uptrend shows a positive channel to fuel the uptrend reversal.
The NEAR price bull run shows a jump of almost 57% in the last 37 days. Furthermore, according to Fibonacci levels, a continuation of the uptrend places a target at the 1.618 Fibonacci level at $16.20.
Will AI Tokens Increase 2X?
Price action analysis of our top AI token picks promises a recovery rally in the coming weeks. Furthermore, the broader market recovery will increase the influx of hot picks such as AI tokens and meme coins. Therefore, the chances of the above-mentioned coins experiencing a 2x surge are promising.