3 AI-Powered Altcoins to Buy That Could Yield 100X Returns in 2024 💥
• Fetch.ai (FET)
The Fetch.ai coin entered a fresh correction trend in late March as the price reverted from $3.48. The bearish turnaround tumbled the asset 48.3% to seek support at the 50% Fibonacci retracement level at $1.65 The aforementioned backed by a 200-day EMA slope creates a high area of interest for buyers evidenced by the last tail rejection candle. The FET price currently trades at $1.8, while the market cap holds at $1.529 Billion.
If the support, the buyers could flip the overhead trendline to accelerate the bullish momentum. The post-breakout rally could push the asset to $2.7, followed by $4.8.
• SingularityNET (AGIX)
Over the past 10 weeks, the Singularity coin has witnessed a sideways action enclosed within two converging trend lines. The narrowing range revealed the formation of a symmetrical triangle pattern, known to recuperate the exhausted momentum and resume the prevailing rally.
By the press time, the AGIX price trades at $0.758 seeking liquidity at the pattern’s lower trendline. The SingularityNET coin currently holds a market cap of $974.5 Million, while the trading volume is recorded at $147.5. Million.
A potential breakout from the triangle pattern will intensify the buying momentum and allow buyers to challenge the $1.46 high and extend the rally to the $2.5 mark.
• Ocean Protocol (OCEAN)
The ongoing correction in Ocean coin can be traced using a downsloping trendline in the daily chart. The dynamic resistance tumbled the asset value from $1.67 to $0.765, registering a loss of 54%, while the market cap plunged to $434.8.
The falling price has recently stalled at the 61.8% Fibonacci retracement level witnessing a renewed demand pressure. If the altcoin manages to hold that support, the buyers will challenge the overhead resistance for a bullish breakout.
This breakout will signal a shift in market dynamics, setting the stage for buyers to target prices at $1.10 to $1.67.