The post Top AI Tokens To Stack In This Crypto Market Correction! appeared first on Coinpedia Fintech News
The crypto market continues to display a mixed sentiment with top altcoins recording constant fluctuations in their respective portfolio. The Fear, Uncertainty, and Doubt (FUD) type of situation in the industry has now escalated to a new high following the price plunge the market experienced recently.
The Artificial Intelligence (AI) category has been one of the most affected categories as top tokens from this set have recorded a correction of over 20% each in their respective portfolios. Will the AI tokens record another round of price surge this year?
In this article, we have covered the top 3 AI tokens that have a high potential to record massive price surges during the upcoming months.
Render (RNDR):
After displaying a neutral trend for a brief period, the Render token regained momentum and recorded a massive jump of over 225% in valuation. This resulted in the RNDR price recording a new all-time high (ATH) of $13.84 on 17th March, following which it experienced a trend reversal and lost 31% in value.
The Moving Average Convergence Divergence (MACD) displays a constant red histogram in the chart, indicating increased selling-over-buying pressure in the crypto industry. However, the averages show a high possibility of a bullish reversal in the coming time.
If the bulls hold the price above the support level of $8.985, the RNDR price will continue rising and prepare to retest its upper resistance level of $13.84 this month. Conversely, a trend reversal could result in the Render token falling to test its lower support level of $5.425.
The Graph (GRT):
The GRT token traded sideways for over two months, indicating a weak price action for the altcoin in the crypto market. As the hype for AI tokens skyrocketed, the GRT price recorded a jump of over 230% over the next 46 days. Following this, the bulls lost momentum and recorded a correction of 43.57% in its valuation.
Despite the GRT token recording a correction of approximately 20% within the past seven days and losing 31% over the past month, it has given its investors a Year-to-Date (YTD) return of +53.34%, highlighting the fundamentals of this project.
If the market continues to trade under a bullish influence, the GRT price will prepare to test its upper resistance level of $0.4225 over the upcoming weeks. Negatively, bearish price action could pull the price toward its low of $0.1385 in the coming time.
Akash Network (AKT):
The AI tokens concluded 2023 on a strong bullish note, indicating a positive outlook this year. After displaying a neutral trend for the first two weeks, the AKT price regained momentum and jumped 166.60% in valuation, following which the price recorded a sideways trend for a period.
As the volatility increased, the bulls lost power and recorded a correction of over 36% in its portfolio. Since then, the price has been trading under a bearish influence.
Presently, the AKT token has a trading price of $3.99 and has recorded a jump of approximately 10% within the past 24 hours. Positively, the AI token has a YTD of 63.57%, highlighting a strong positive price action for it during the upcoming months.
If the market pushes the price above the resistance level of $4.0590, the bulls will regain momentum and attempt to test its upper resistance level of $5.5875. However, bearish price action may pull the price toward its low of $2.5425.
