This past week has been noteworthy for altcoins in the artificial intelligence sector, with several tokens experiencing remarkable double-digit gains. Among them, Numeraire (NMR), Marlin (POND), and Bittensor (TAO) have stood out as leaders, each showing significant momentum. Let's dive into their recent performances and consider what might be in store for them in the coming days.
Numeraire (NMR):
Numeraire has been the talk of the town, with its price skyrocketing nearly 50% this week, reaching a peak of $18.32. This rapid surge has led to increased selling pressure, as observed on the daily charts. Earlier this month, on August 5, NMR was trading below $10, with the Relative Strength Index (RSI) indicating oversold conditions. As interest in buying picked up, so did the RSI, contributing to NMR's impressive price jump.
However, the RSI also reached overbought territory on Thursday, triggering a pullback. If this trend continues, we might see NMR testing the support level at $14.81. On the flip side, a resurgence in bullish sentiment could propel the token towards the $19.19 mark.
Marlin (POND):
Marlin's native token, POND, is currently trading around $0.015, with the Bull/Bear Power (BBP) indicator in the positive zone, suggesting that bulls are in control. Should this bullish momentum persist, POND could climb to $0.017. Conversely, a failure to maintain this momentum might result in a correction, potentially bringing the price down to $0.014 or even $0.012.
Bittensor (TAO):
Rounding out the list is Bittensor (TAO), which has seen a 25.7% increase over the past seven days, riding the wave of excitement following the launch of the Grayscale fund. The bulls have successfully defended the critical support level of $260, and the increased buying pressure has driven TAO above the resistance levels of $290.64 and $303.95.
Currently, the Chaikin Money Flow (CMF) indicator shows that accumulation is outpacing distribution, a positive sign for TAO. If this accumulation trend continues, TAO could reach $371.40 before the weekend concludes. However, if investors start to take profits, the bullish momentum could wane, leading to a potential drop below the $300 threshold.

This week has been a standout for AI tokens, with Numeraire, Marlin, and Bittensor making notable strides. As the market continues to evolve, these tokens will be ones to watch closely. $POND $NMR $TAO

Disclaimer:
Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.

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