Artificial intelligence (AI) cryptos are having a major moment, with Bittensor (TAO) and Fetch.ai (FET) taking top honors. TAO Token is up to $300.5 at the moment, having gained 9% in the last 24 hours. FET, on the other hand, is trading at $0.58, up 8.5% during that same time frame. These upward movements are an indicator of bullish investor sentiment towards blockchain projects utilizing AI technologies.
In fact, TAO has more than tripled in percentage over the last two weeks, and FET was up 38% in a two-week span as well. Understandably, market analysts have been closely watching this breakout growth. Importantly, they are keeping an eye on these assets during the whole transition phase for future consolidation opportunities. In the meantime, though, relative newcomer $MIND is making waves with its presale success and upside potential.
TAO's Price Momentum and RSI Analysis
TAO crypto is currently trading with a market price of $300.5. In the past 24 hours, its value has rocketed up by 9%! TAO has the remarkable two-week growth that any cryptocurrency would envy. The value of TAO has increased by more than 40 percent. This remarkable performance is a testament to growing investor confidence and the accelerating development and adoption of the Bittensor network.
The Relative Strength Index (RSI) for TAO is currently at 64. This can point to the asset being overextended. This is highly indicative that the cryptocurrency will soon undergo a period of consolidation. There could even be a little bit of a retreat before the document would go on to advance upward. Traders and investors alike should tread carefully and keep a close watch over the price action.
Future TAO crypto support levels After $368, the next level of noticeable support could be found at $352. This level may be a good initial upside target for the price if the current bullish momentum persists. On the flip side, a daily close under the present trading area could result in a retest of lower support.
FET's Upside Potential and Market Position
As of this writing, Artificial Superintelligence Token (FET) has a market price of $0.58, with a 24-hour positive change of +8.5%. FET has been on a massive run, surging 38% in less than 2 weeks. This recent surge highlights both the growing demand for AI-powered blockchain solutions and the promise of Fetch.ai’s transformative technology.
The recent retrogressive move of FET shot it up high to 65, which might signal a good time to combine and strengthen. Much like TAO, the RSI for FET is flashing at 65, warning that it too is heading toward overbought territory. The cryptocurrency could be riding out a profit-taking phase. Or it might experience a modest retreat as the market recalibrates after an impressive run-up.
FET is currently testing local upside resistance. If FET really does break through this resistance, it may have just the kind of runaway gains that traders look for. Conversely, if it’s unable to accomplish this, we may be in store for some choppy action or a pullback down toward lower support areas. Investors will want to keep a close eye on FET price action and volume to determine whether the current uptrend is strong.
$MIND Presale Excitement
$MIND has been creating a lot of buzz throughout the crypto space, as everyone is looking towards the possible upside. The project incentivizes early adopters by distributing almost 3x more free tokens to early holders. This incentive has created an unprecedented surge of excitement and action around the presale. The presale of $MIND will soon conclude.
The current price of $MIND is $0.0037. As the presale comes to a close, investors are now looking to the official launch and what awaits in store for further market growth. The project’s unique value proposition shines through unmistakably. Such early success in the presale has inspired a wave of positive sentiment around $MIND.
The upside potential of $MIND is truly second to none. That’s as it should be — we need to tread carefully with new projects. Preliminary signs suggest that $MIND will be one of the strongest contenders in the rapidly growing AI crypto space. Investors should do their own research and determine their own risk tolerance, and make investments based mostly on their own due diligence.
