Must Watch AI Tokens During the Ongoing Crypto Market Correction?
The post Must Watch AI Tokens During the Ongoing Crypto Market Correction? appeared first on Coinpedia Fintech News
Amid increased uncertainty in the crypto market, the Artificial Intelligence (AI) category has recorded a correction of 1.79% and is currently valued at $34.25 billion. Moreover, it has recorded a 24-hour trading volume of $1.15 billion, a change of -17.81%, indicating increased bearish sentiment.
Planning on investing in the Artificial Intelligence (AI) category during the ongoing discount listing? But concerned about which one to invest in? Dive in as, in this article, we have covered the short-term price analysis of the top 3 trending AI tokens.
Artificial Superintelligence Alliance (FET)
The FET price has dropped ~1% in the past day with a trading volume of $101.89 million. Moreover, it has lost 5.46% over the past week and 21.22% during the past month. This highlights an increase in the selling pressure.
The MACD indicator has displayed a constant flatline in the 1D time frame with its averages recording a similar price action. With a bearish action in its SMA indicator, the FET price hints at a negative outlook in the coming time.
If the bulls regain momentum, the Artificial Superintelligence Alliance price will retest its resistance level of $1.650. However, if the bears dominate the crypto space, this AI token could retest its lower support trendline of $1.
Aioz Network (AIOZ)
With a drop of ~13% over the past week, the AIOZ price has experienced a strong pullback toward its important support level of $0.4290. Moreover, it has constantly traded within the consolidated range between $0.4290 and $0.5935 since June, indicating a weak price action.
The Relative Strength Index (RSI) has experienced a significant drop in the 1D time frame. However, its EMA 50/200-day shows a neutral trend. This suggests a mixed price sentiment for the Aioz Network price during the upcoming week.
Maintaining the price above its support level of $0.4290 will set the stage for the AIOZ price to retest its resistance level of $0.5935. On the flip side, if the bears outrun the bulls, this Ethereum-based altcoin will plunge toward its lower support level of $0.270.
Also, read our AIOZ Price Prediction
Turbo (TURBO)
Amid increased price volatility, the TURBO price has dropped ~10% over the past week. Moreover, with a market capitalization of $622.82 million, it has secured the 208th position in the global crypto list.
The Simple Moving Average (SMA) has experienced a bearish convergence in the Turbo price chart. Moreover, the MACD indicator has displayed a constant rise in the red histogram with its averages recording a negative crossover. This suggests a weak buying pressure for the altcoin in the market.
Pushing the TURBO price above its resistance level of $0.0107 could result in it retesting its upper high of $0.01344. On the contrary, if the bears gain momentum, the Turbo token could plunge toward its low of $0.0081450.
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
