Token

bullish

AIOZ Network

The post <a href="https://coinpedia.org/price-analysis/top-ai-token-to-buy-this-week-to-ride-the-recovery-run/">Top AI Token To Buy This Week To Ride the Recovery Run!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the 3.18% jump in the Bitcoin price, a bullish engulfing candle reveals solid demand at the $57K level. As the buyers push back the supply available, the altcoins market fires up all the bullish cylinders for a bounce back. Amid the recovery, the AI tokens are making a comeback at a breakneck speed. So, here are the top AI tokens you should consider buying this week to ride the recovery rally.&nbsp; 
<h2 class="wp-block-heading" id="h-top-ai-tokens-bittensor-tao">Top AI Tokens: Bittensor (TAO)</h2> 
The BitTensor AI token has a market cap of $2 billion and has increased by 2.53% in the past 24 hours. Currently, the <a href="https://coinpedia.org/price-prediction/bittensor-tao-price-prediction/">TAO token’s price</a> is trading at $280 and reveals a bullish engulfing candle. The AI token jumped by 6.12% yesterday by taking support at the $260 level.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe7Xyag0B08bbnQ0HcuoWL66sviXPo_3WMcH8I_bZ-pG1Jo6MsBf-jxfE6mHRnSxZ4UcgiSmRPyN4UE9vLtReCr0BnxxYBuvszc3vWxpQpeXLMCqKwbSbLiPB0qiGMpIzsm94wk6XGa7PbbUj5tXg4C3l6l?key=7g7BFALhlwH9chXAz1e2gQ" alt="">
</figure> 
<a href="https://www.tradingview.com/x/aE3EJJfX/">Tradingview</a> 
Based on the Fibonacci level, the bullish influence at the 23.60% level keeps the uptrend alive in this top AI token. Furthermore, a possible double bottom formation arises at the 23.60% level.&nbsp; 
The lack of bullish divergence questions the possibility of a comeback. Nevertheless, an upcycle in the AI token will resurge to challenge the 38.20% level at $300.&nbsp; 
A bullish breakout will eventually lead to hitting the 61.80% level at $358. However, a bullish failure could give rise to a head-and-shoulder pattern with a neckline at the 23.60% level. As a bearish pattern, the breakdown could put the $200 psychological mark at risk. 
<h2 class="wp-block-heading" id="h-render-rndr">Render (RNDR)</h2> 
With a market cap of $2 billion, the RENDER Token trades at $5.10. In the past 24 hours, it has risen by 3.91%. This concludes the bearish cycle of 7 consecutive bearish candles near the $5 psychological mark.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdYJb_eYUD_fvuwz_pzqtAlsodlWj21R2tFVFznYaCJS5uXv6X__dY7zie0_VNS3jpfK8IztiFufFn1nAGoDte-A-b_t4rpZf8thx0YBCtxLUnCG1HD9wfe-jKb4i4mlyOHoGtsb9RbZQjBeLPSJNj0ud4n?key=7g7BFALhlwH9chXAz1e2gQ" alt="">
</figure> 
<a href="https://www.tradingview.com/x/GM3WOchn/">Tradingview</a> 
With a 5% jump yesterday, a bullish engulfing candle teases a potential new trend. Furthermore, a support trend line is visible in the larger falling channel pattern, projecting a potential challenge to the 50-day EMA at $5.61.&nbsp; 
However, the intense bearish cycles and the broader market volatility could result in a bearish breakdown. Further, the death cross between the 50-day and 200-day EMA has a bearish influence on the <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/">RENDER price</a> trend. 
Nevertheless, with a bullish breakout, the top AI token will challenge the previous peak at the 200-day EMA near the $6.69 mark. Optimistically, a bullish continuation can find targets at $7.50 and $11 on the bullish radar.&nbsp; 
<h2 class="wp-block-heading" id="h-aioz-network-aioz">AIOZ Network (AIOZ)</h2> 
With a market cap of $452 million, the AIOZ network ranks at 114th position in the crypto market. The AIOZ token price is at $0.40, with a 5.38% jump in the last 24 hours. With the bullish outcome, the top AIOZ token finally ends the bearish cycle of 9 consecutive bearish candles.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdSBsZuEzcqlQkiawfKTzcMD5s-sQ3rNyezOzpJSvmr0i2rmxhsatLQRoT9PyGM16IyosPEVCCR8tHJzqmRTR9lSPuwbwsjtATCek67w5jAh1IAYP7WqvSHSE3yMw7hynEfPCud0YDoy1Cn0cDIxI1o1BZZ?key=7g7BFALhlwH9chXAz1e2gQ" alt="">
</figure> 
<a href="https://www.tradingview.com/x/dAeLy8W3/">Tradingview</a> 
However, the increased bearish influence results in a death cross between the 50-day and 200-day EMA. Nevertheless, the bullish divergence between the two dev formations in the RSI line projects a potential comeback for the AIOZ token.&nbsp; 
Optimistically, a bullish breakout of the falling channel pattern in the daily chart will find resistances at the 23.60% and 50% Fibonacci levels at $0.54 and $0.7612, respectively.

Top AI Token To Buy This Week To Ride the Recovery Run!

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