The post Top AI Token To Buy This Week To Ride the Recovery Run! appeared on BitcoinEthereumNews.com.

With the 3.18% jump in the Bitcoin price, a bullish engulfing candle reveals solid demand at the $57K level. As the buyers push back the supply available, the altcoins market fires up all the bullish cylinders for a bounce back. Amid the recovery, the AI tokens are making a comeback at a breakneck speed. So, here are the top AI tokens you should consider buying this week to ride the recovery 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 past 24 hours. Currently, the TAO token’s price is trading at $280 and reveals a bullish engulfing candle. The AI token jumped by 6.12% yesterday by taking support at the $260 level.  Tradingview Based on the Fibonacci level, the bullish influence at the 23.60% level keeps the uptrend alive in this top AI token. Furthermore, a possible double bottom formation arises at the 23.60% level.  The lack of bullish divergence questions the possibility of a comeback. Nevertheless, an upcycle in the AI token will resurge to challenge the 38.20% level at $300.  A bullish breakout will eventually lead to hitting the 61.80% level at $358. However, a bullish failure could give rise to a head-and-shoulder pattern with a neckline at the 23.60% level. As a bearish pattern, the breakdown could put the $200 psychological mark at risk. Render (RNDR) With a market cap of $2 billion, the RENDER Token trades at $5.10. In the past 24 hours, it has risen by 3.91%. This concludes the bearish cycle of 7 consecutive bearish candles near the $5 psychological mark.  Tradingview With a 5% jump yesterday, a bullish engulfing candle teases a potential new trend. Furthermore, a support trend line is visible in the larger falling channel pattern,…

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Filed under: News - @ September 3, 2024 6:15 am