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Top Performing AI Tokens To Buy For 100% Surge

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By on August 9, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Top Performing AI Tokens To Buy For 100% Surge appeared first on Coinpedia Fintech News

With the bull run restarting in the crypto market, the altcoins are moving at supersonic speed. Breaking multiple levels, AI tokens are leading the way for a bull market. 

As the demand for AI tokens increases, the coming months can witness a bull run. So, let’s look closer at the top AI tokens to buy as the market goes berserk. 

Top AI Tokens To Buy:  Near Protocol (NEAR)

Near Protocol (NEAR) shows signs of resilience as it recovers from a declining trend in the 4-hour chart. The $3.29 support level has proven crucial, as bullish momentum at this point has triggered a trend reversal. The uptrend in the past few days accounts for a 23% rally in NEAR’s price.  

Tradingview

Furthermore, the bullish recovery has surpassed the correction-generated bearish trendline and the 23.60% Fibonacci level at $4. With the breakout run gaining momentum, the AI token price can reach $6.44, a 60% rise. 

Injective Protocol (INJ)

In a falling channel pattern, the INJ price reveals a majority of bearish sentiment as it drops under the $20 mark. However, recovering from the recent negative cycle, the INJ price regains bullish momentum from the support trendline. 

TradingView

With a bullish engulfing candle, the AI token was up 23.21% overnight and hit the $17.721 mark. As the bulls prepare to reclaim the $20 mark, the uptrend teases a potential breakout run. 

However, the supply at the confluence of the 23.60% Fib level and the overhead trendline at $23.52 could result in a reversal. Optimistically, the breakout run can pump up to $52. 

Bittensor (TAO)

Bittensor (TAO) has faced significant pressure following its sharp decline from the $350 resistance, with a double-top reversal driving the price down to the $200 level. The neckline of the bullish reversal pattern aligns with the 61.80% Fibonacci level at $358.

Tradingview

Currently, TAO is showing signs of strength with an intraday growth of 2.37%, following the 23.56% jump last night. Surpassing the 38.20% Fibonacci level, the immediate challenge lies at the 50% Fibonacci level, with resistance around $330.

If the bullish momentum continues, TAO could rise further, targeting the double-bottom neckline at $358. A breakout run could propel the AI token toward the $600 milestone, an upside of 90%.

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