Date: Sun, Sept 15, 2024, 11:27 AM GMT
This past week has been positive for the crypto market, with Bitcoin (BTC) reclaiming $60,000 after a 9.96% surge over the last seven days. The growing excitement around AI developments, especially involving OpenAI and Nvidia, has further fueled a rise in AI tokens.
Here’s a look at three AI tokens that could see potential gains this week:
1. Near Protocol (NEAR)
Near Protocol, a blockchain network focused on integrating AI and decentralized applications (DApps), has gained 11.74% over the past week. Currently trading at $4.21, NEAR is approaching a critical point. If it breaks through the resistance at $4.49, a bullish rally could push its price up to $6.26, a 20% upside from its current level.
With a current RSI of 53.02 and an RSI-based moving average (MA) of 42.24, NEAR is showing solid momentum, indicating that it could be poised for continued growth if market conditions remain favorable.
2. Bittensor (TAO)
Bittensor, which is building a decentralized AI network, has experienced a strong upward momentum, surging by over 32% last week. TAO is currently trading at $326.25. If it manages to break the resistance at $361, it could rally to $420, offering a 16% upside.
TAO’s momentum is also reflected in its technical indicators, with a current RSI of 65.11 and an RSI-based MA of 45.69, suggesting that the token still has room to run higher in the near term.
3. Render (RENDER)
Render Network, a decentralized GPU rendering platform connecting artists with GPU owners, has also seen a notable 5.81% increase in the past seven days, taking it to its current level of $5.22. The token is nearing a resistance trendline, and a breakout could trigger additional gains.
With a current RSI of 52.54 and an RSI-based MA of 46.15, RENDER is in a solid position for a potential bullish breakout.
With the AI sector continuing to gain momentum, these tokens are well-positioned for further growth in the coming week. Keep an eye on key resistance levels for potential breakouts and gains.
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