Top AI Token to buy this week to ride the recovery run!
With a 3.18% jump in Bitcoin price, a bullish candle shows strong interest at the $57K level. As the buyers push back the available supply, the altcoins market will fire on all bullish cylinders to recover. In the middle of the recovery, the AI tokens will come back at an intermittent rate. So, here are the top AI tokens you should consider buying this week to ride the rally.
Top AI Tokens: Bittensor (TAO)
The BitTensor AI token has a market cap of $2 billion and has increased by 2.53% in the last 24 hours. Currently, the price of TAO token is trading at $280, and it shows a multi-swallowing candle. The AI token jumped yesterday by 6.12% taking support at the $260 level.
Marketing perspective
Based on the Fibonacci level, the bullish effect at the 23.60% level will keep the progress in this top AI token. Additionally, a possible double bottom formation will arise at the 23.60% level.
The lack of diversity in bullying requires the possibility of retaliation. However, an upcycle in AI token will rise again to challenge the 38.20% level at $300.
A bullish breakout will eventually lead to hitting the 61.80% level at $358. However, a bearish decline may form a head and shoulders pattern with a neckline at the 23.60% level. As a bearish pattern, the breakdown could threaten the $200 psychological mark.
Provider (RNDR)
With a market cap of $2 billion, RENDER Token trades at $5.10. It has increased by 3.91% in the last 24 hours. This concludes a bear cycle of 7 consecutive bearish candles near the psychological $5 mark.
Marketing perspective
With yesterday's 5% jump, a bullish bullish candle teases a potential new trend. Additionally, a support trendline is seen in a large falling channel pattern, indicating a challenge to the 50-day EMA at $5.61.
However, aggressive bear cycles and broader market volatility can cause bearish deterioration. Additionally, the death cross between the 50-day and 200-day EMA has a negative impact on the RENDER price trend.
However, in a bullish flash, the top AI token challenges the previous high at the 200-day EMA near the $6.69 mark. Optimistically, a bullish continuation could find targets on the bullish radar at $7.50 and $11.
AIOZ Network (AIOZ)
With a market value of $452 million, the AIOZ network is ranked 114th in the crypto market. AIOZ token price is at $0.40, a jump of 5.38% in the last 24 hours. With the highest result, the upper AIOZ token finally ends the bear cycle of 9 consecutive bearish candles.
Marketing perspective
However, increased bearish influence results in a death cross between the 50-day and 200-day EMA. However, a significant difference between the two div patterns in the RSI line will be a potential reversal for the AIOZ token.
On a more optimistic note, the breakout of the falling channel pattern on the daily chart will find resistances at the 23.60% and 50% Fibonacci levels at $0.54 and $0.7612, respectively.
