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Phoenix

The post <a href="https://coinpedia.org/price-analysis/breakout-rally-in-ai-tokens-fet-and-phb-teases-2x-surge/">Breakout Rally in AI Tokens FET and PHB Teases 2x Surge</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
This week, the AI tokens made a surprising bullish comeback following the bull run in the meme coins and the top altcoins. With the bull run, these low-cap altcoins present a breakout entry opportunity.&nbsp; 
Further, as the broader market recovers, the Fetch.AI and Phoenix tokens are ready for the next stage of recovery. Let’s have a closer look at their price charts and determine the upside chances.&nbsp; 
<h2 class="wp-block-heading" id="h-will-fet-token-surpass-2">Will FET Token Surpass $2?</h2> 
With a declining trend in the daily chart, the FET token forms a falling channel, cracking to almost the $1 psychological mark. The sudden V-shaped reversal in the AI token results in a failed breakdown of the falling channel. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXek16y6C_xXDMuk0gKYfj3Sz4ocvQASLX1r4cqyB0dD6fneIfyaL6puXfLkR25w6Q5j66Qqllr0ydq4snpKcb9tPtWKiPDsBck_i3HWVJoQDsOeX3kAtsiu8wbO3_q2K3SELVb9DkDJImns4S3wPpN9KWUq?key=nU9wUuiZWBABvso4BUgPRQ" alt="">
</figure> 
<a href="https://www.tradingview.com/x/DO8D3ibH/">TradingView</a> 
The sudden 41% jump undermines the downfall last week and reclaims the 200D EMA and the $1.50 mark. Currently, the FET token trades at $1.6570 with an intraday gain of 9.99% to make another bullish engulfing candle.&nbsp; 
As per the Fibonacci level, the uptrend is approaching the 50% Fibonacci level and the 50D EMA. A bullish breakout of this level can boost the AI token to surpass the falling channel.&nbsp; 
In such a case, the uptrend in the FET token price can reach the $3.20 peak, almost a 100% surge.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-ai-token-phoenix-break-the-trendline">Will The AI Token Phoenix Break The Trendline?</h2> 
With a lower high trend formation in the 4H chart, the PHB token price reveals a downtrend in motion. However, the recent recovery teases a bullish breakout as it surpasses the 50EMA in the 4H chart and the 23.60% Fibonacci level. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfvuErz-tKpnerhW2Ybfnq9Ite6jR5UXWRCsWWK3LfPL3BLASfi8yEH9axmg6vOI_i1AYJs_Qk0Uh4mIoGAtt5trCYEEl_dGe6C0yogE-DjSFpoj3WH2NdylaNd0BECgb5qDL1bGZW17lfafyy7UHiDQkTR?key=nU9wUuiZWBABvso4BUgPRQ" alt="">
</figure> 
<a href="http://v">TradingView</a> 
The AI token price has increased by 20%, with an intraday gain of 4.36% to form consecutive green candles. With the rounding reversal, the uptrend is ready to challenge the overhead resistance trendline.&nbsp; 
A bullish breakout of the resistance trendline can pump the AI token price to the $3.12 mark.&nbsp;

Breakout Rally in AI Tokens FET and PHB Teases 2x Surge

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