- Bittensor (TAO) leads AI tokens with an impressive 112% gain last month, rallying from $285 on September 17th to current levels around $585.
- Artificial Superintelligence Alliance (FET) has surged 42% over 30 days, breaking out from $1.22 on September 10th to $1.65, with key resistance at $1.71.
- Render Network (RENDER) gained 32% in the past month after breaking its downtrend on September 19th, climbing from $5.06 to $6.68 with next resistance at $7.05.
- October historically shows bullish performance for crypto markets, positioning these three AI tokens for potential continued gains throughout the month.
Date: Tue, Oct 01, 2024, 10:40 AM GMT
October has arrived, and the cryptocurrency market is showing early signs of anticipated gains, with several major altcoins continuing their September rallies and trading in green. Historically, October has been a bullish month for the crypto market, so all eyes are now on which AI tokens will lead this month’s surge.
Below are the top 3 AI tokens you should watch closely in October:
1. Bittensor (TAO)
Bittensor (TAO) is currently at the forefront of the AI token narrative, having posted an impressive 112% gain last month. This rally, which started on September 17th at a price of $285, has continued into October, with TAO now trading at $585.
At this point, TAO is hovering near a minor support level of $577. A pullback here could see it attempt to break through the $623 resistance level. If successful, TAO could experience another significant run. Traders are closely watching for this breakout, which could send TAO to new heights in October.
2. Artificial Superintelligence Alliance (FET)
Artificial Superintelligence Alliance (FET) is another standout in the AI space. Over the past 30 days, FET has surged by 42%, thanks to a major breakout on September 10th when it was priced at $1.22. FET now sits at $1.65.
However, the token faces a key resistance level at $1.71. If FET closes above this level on the daily timeframe, it could open the door for a further push to $2.15, representing a potential 26% upside from the $1.71 resistance. Traders should keep a close eye on FET’s price action this month, as it could deliver more gains if it can break through this level.
3. Render (RENDER)
Render Network (RENDER), a decentralized platform connecting artists with GPU owners, has also shown strong momentum, gaining 32% over the past month. After breaking its downtrend on September 19th at the $5.06 mark, RENDER has since climbed to $6.68.
The next key level for RENDER is the $7.05 resistance. Should it break this, the token could reach $7.64, with a possible long-term target of $10.60. With bullish market sentiment surrounding RENDER, this AI token may have further room to run in October.
October Outlook: More Gains Ahead?
Given the bullish historical performance of October in the crypto market, these AI tokens—TAO, FET, and RENDER—are well-positioned for further gains. Whether you’re a trader or an investor, this month could offer exciting opportunities in the AI token space.
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