With increased volatility in the broader market, the AI segment feels the heat, and the market segment fluctuates between $25 and $28 billion. At press time, it stands at $26.26 billion with a volume of $890.10 million with a recovery in the top AI cryptos.
Amid the AI segment, the top performers are BitTensor, DeGraph, Near, and Akash Network, with 5.75%, 2.75%, 2.20%, and 3.09% growth. Furthermore, DEXE and Fetch.ai have growth rates of 4.23% and 3.57% respectively. As the segment grows, the upcoming launch of the new Apple-series phone, iPhone 16, brings new AI features.
In recent times, the launch of new AI technologies by huge companies has been known to boost AI crypto prices. Furthermore, with one of the top three companies in the world, Apple, including ChatGPT with Siri, is likely to boost the top AI crypto tokens.
So, without further ado, let’s take a look at the top AI tokens to buy this week.
Top AI Cryptos To Buy This Week
Bittensor (TAO)
With a market cap of $1.874 billion, the TAO Price trades at $254. With a 24-hour surge of 6.08%, the AI token ranks at 48th position in the crypto world and as the 5th biggest AI token. Currently, the TAO AI token trades within a solid range, extending from $213 to a peak of $355.
Following the recent bear cycle, the TAO token price action reveals a rounding bottom reversal. The bear cycle in the AI crypto accounted for a 33.98% drop within 11 days.
However, with a triple white-soldier pattern, the TAO token has recovered 10.02% and is ready to challenge the 23.60% Fibonacci at $268. Further, the bullish divergence in the RSI line teases a potential jump to challenge the 50-day EMA at $284.
As the potential AI-specific bull run begins with the launch of the iPhone 16, the TAO token could challenge the long-coming resistance at $358, known for three previous bearish reversals. For insights on long-term price targets, read our Bittensor (TAO) Price Prediction.
NEAR Protocol (NEAR)
With a market cap of $4.35 billion, the NEAR price trades at $3.88 with a 24-hour surge of 3.61%. NEAR Protocol ranks as the biggest AI token in its segment and ranks at 28th position in the broader crypto market.
With a recent bearish reversal from the 200-day EMA, the AI token registered a 30% drop within 13 days. However, after recovering over the weekend and having a positive start to this week, the AI crypto jumps 9.43%. Further, it teases a potential double-bottom reversal.
Starting from the $3.52 baseline, the double-bottom reversal supports a bullish divergence in the daily RSI line.
However, the bearish crossover between the 50 and 200-day EMA marks a death cross event, reflecting a high overhead supply. Nevertheless, the recovery run is expected to challenge the $4.395 resistance zone before reaching the 23.60% Fibonacci level at $4.782.
Final Top AI Crypto: Artificial Superintelligence Alliance (FET)
As the third biggest AI crypto in the market, Artificial Superintelligence Alliance has a market cap of $2.91 billion and has increased by 7.15% in the past 24 hours. Currently, the FET token trades at $1.16, with a trading volume of $133 million in the past 24 hours.
In the daily chart, the FET token reveals a falling channel pattern with a death cross event in mid-July. However, despite a minor correction, the recent bullish recovery in the top AI crypto challenges the overhead resistance trendline.
Following the 3.39% jump on Sunday, the bullish recovery is challenging the 23.60% Fibonacci level and the overhead trendline for a bullish breakout. A breakout event could result in a massive surge in the FET price and surpass the 200-day EMA at $1.37 to reclaim the $2 mark.
Curious about how far the FET price could reach in the future? Read our FET Price Prediction for details!
Hence, with the upcoming launch of the iPhone 16, the underlying sentiments of the top AI crypto projects are turning bullish.
