AI Tokens Record a Strong Bullish Recovery! Will Bears Trap these Cryptos?
The post AI Tokens Record a Strong Bullish Recovery! Will Bears Trap these Cryptos? appeared on BitcoinEthereumNews.com.
The cryptocurrency market has displayed a strong bullish recovery after experiencing a major correction yesterday. Notably, with Donald Trump’s tariff war, the global market has experienced a significant pullback, indicating rising uncertainty in the crypto market. Considering the present market sentiments, is this the right time to invest in the crypto market? Or is this a bull trap setup? Read our latest price analysis article to find out the possible short-term prospects of the top AI tokens. Artificial Superintelligence Alliance (FET) The price of FET jumped 12.53% in 24 hours with a change of +50.48% in its intraday trading volume. With this, this AI token has regained its lost momentum and successfully maintained its value above its important support level. Moreover, with a market cap of $1.91 billion, it has secured the 50th position. TradingView: FET/USDT The Simple Moving Average (SMA) constantly acts as a resistance to the FET price chart. Furthermore, the RSI indicators continue hovering around the oversold range in the daily time frame, suggesting an increase in the bearish outlook for the altcoin in the market. Suppose, a bullish trend reversal occurs, in that case, the Artificial Superintelligence Alliance price could retest its upper high of $1.650. Conversely, a sustained bearish action could pull the price toward its crucial support level of $0.50 in the coming time. Planning on investing in Artificial Superintelligence Alliance tokens but concerned with questions like “Will reach $10 this altcoin season?” Read CoinPedia’s latest FET Price Prediction! Bittensor (TAO) The 03rd largest Artificial Intelligence token has experienced a bullish reversal over the past day with a trading volume of $435.35 million. Despite recording a YTD return of -17.89%, this crypto token has gained a position in the category. TradingView: TAO/USDT The Moving Average Convergence Divergence (MACD) records a rising red histogram with…
Filed under: News - @ February 4, 2025 11:27 am