AI Tokens Reveal 2x Upside With FET, AGIX, OCEAN on Bull Run
The post AI Tokens Reveal 2x Upside With FET, AGIX, OCEAN on Bull Run appeared first on Coinpedia Fintech News
With the altcoins segment standing at a strong recovery note, the AI tokens are making massive waves. The recovery in AI tokens is undermining the pullback in NVIDIA stock of 13%.
The artificial intelligence crypto tokens are teasing a trend reversal rally to a new peak with the sudden jump. Further, the price reversal comes when Bitcoin and Ethereum are struggling for a comeback and trading at strong support levels.
So, as AI tokens rise against the broader market wave, is it the best time to buy artificial intelligence crypto tokens?
Fetch.AI Token Jumps 22%, Eyes $3
With a falling channel pattern in the daily chart, the FET token shows a positive cycle gaining momentum. The recovery rally surpasses the 200D EMA with a 22% surge within 48 hours as the AI tokens recover.
With the bull cycle in action, the MACD and signal lines give a positive crossover. Thus, the momentum indicator signals a potential trend reversal. Further, the recovery rally delays the death cross in the 50D and 200D EMA.
Currently, the AI token trades at $1.70 with an intraday growth of 4.40%, creating a new bullish engulfing candle.
As per the Fibonacci levels, the uptrend is close to challenging the 50% level at $1.88. A breakout rally may soon overcome the supply pressure at the declining trendline, prolonging the bull run. By doing so, the buyers can pump the AI token price to $3.26.
OCEAN Protocol Prepares Wedge Breakout In July
With a declining trend in motion after the peak formation at $1.4387, the OCEAN token forms a falling wedge. The downfall accounts for a 64% decline within the 90 days to test the declining support trendline at the psychological mark of $0.50.
Similar to other AI tokens like the FET coin, the OCEAN price chart reveals a potential death cross but a bullish crossover in the MACD indicator. This contradiction underlines a bull cycle gaining trend momentum with a bearish backdrop due to the prevailing pullback.
The ongoing bull cycle within the wedge accounts for a price jump of 20% within 48 hours. Further, the uptrend surpasses the 23.60% Fibonacci level, teasing a jump to $0.80.
Considering the uptrend sustains, a breakout rally of the falling wedge can reclaim the $1 psychological mark. With this breakout momentum, the AI token can jump to the $2 mark or the 1.618 Fibonacci level by the end of July.
AGIX Price Preps For A 2x Surge In July
With a price action similar to the OCEAN token, the AGIX price chart reveals a falling wedge with the pullback phase. However, as per the Fibonacci levels, the buyers restart the cycle from the 23.60% level and surpass the 38.20% level at $0.69.
Further, the crucial 50D and 200D EMA with the MACD indicator project a similar reversal rally gaining momentum. With a jump in trading volumes, the AI token, AGIX, is trading at $0.70 with an intraday growth of 5.31%, following the 13% jump last night.
With the recovery rally soon to surpass the 200D EMA, the AGIX price trend can shortly challenge the overhead trendline. Hence, the AI token may shortly reclaim the $1 mark and head higher to the all-time high level at $1.39 next month.
