The crypto market has recorded a jump of 1.71% in the past 24 hours, resulting in the price of Bitcoin reclaiming the $61K mark. With this, BTC has formed a strong resistance around the $62,000 range. This indicates a strong selling point at that level.
On the other hand, the AI tokens have successfully regained momentum, with the top tokens in this category recording a double-digit gain. With this, questions like “Is this the right time to invest in crypto?” and “Top AI tokens to stack?” are on a constant rise.
Dive in as in, this article, we have covered the market sentiments, price action, and potential price range of the top 3 Artificial Intelligence (AI) tokens that have the potential to record a massive uptrend in their respective portfolios.
Artificial Superintelligence Alliance (FET) Price Action
With a bullish recovery in the crypto market, the FET price has recorded a jump of 16.07% in valuation with a trading volume of $169.78 million. Further, it has added 22.57% to its portfolio over the past week and has a YTD return of 22.23%, indicating a long-term bullish sentiment.
The Moving Average Convergence Divergence (MACD) has constantly risen in the histogram. Further, the SMA constantly supports the price chart in the 1D time frame. This indicates increased buying pressure for the FET price within the crypto space.
Maintaining the price above its resistance could set the stage for this AI token to head toward its upper high of $1.650 during the upcoming time. Conversely, if the bears regain control, the Artificial Superintelligence Alliance price will plunge toward its crucial support of $0.50.
Render (RNDR) Price Action
The Render price has added 11.01% over the past 24 hours and 8.76% within the past seven days. Furthermore, with a trading price of $4.9494 and a circulating supply of 392,459,381, it has secured the 44th position with a market cap of $1.959 billion.
The Relative Strength Index (RSI) has sharply risen toward the midpoint. This suggests an increase in the bullish sentiment. Further, the average trendline supports the price trend, highlighting that the RNDR price will continue gaining value this week.
If the market continues trading under a bullish influence, this AI token’s price will surpass its resistance of $5.28 and head toward its high of $7.1850. However, bearish action could pull this altcoin toward its low of $3.6535.
Theta Network (THETA) Price Action
Amid increased bullish influence, the Theta Network price has added 10.85% within the past day with a trading volume of $22.46 million. Moreover, it has added 10.37% over the past week and has rewarded its long-term investors with a year-to-date (YTD) return of 3.79%.
The Simple Moving Average (SMA) has displayed a bullish convergence in the 1D time frame. On the other hand, the MACD indicator has recorded a constant rise in the green histogram, with its averages experiencing a positive action.
If the bulls continue rising, the THETA price will prepare to test its upper resistance level of $1.975 during the upcoming weeks. Negatively, if the bears dominate the market, it will retest its crucial support level of $0.930 this month.
