$RLC The trend of artificial intelligence is with us seriously and for a long time, companies will continue to pour huge amounts of money into this industry and this will not bypass crypto projects. Why? NVIDIA Revenues, Chat GPT5 Release, Apple AI, Microsoft's $100 Billion AI Fund, Sam Altman Raises $7 Trillion for GPU Chips and AI Developments. As everyone already knows, my main favorite is#iExec#RLC, a confidential computing platform for#AIand more, collaborating in this area with companies such as #Nvidia,#Microsoftand #Intel. The token includes narratives such as #Web3,#AI#Oracle#DePIN#DeCC#RWAand #NFT.

During the correction, I gained a medium-term position at $2, given the panic selling, this level turned out to be an ideal TVH. Even if it didn’t reach the order, you could safely gain a position below or above the $2.4 level (golden ratio 0.318 fib) in the green order block or on the retest in the purple one. In the near future I expect a breakout and consolidation above the level of $3.3 followed by reaching the levels of $3.6 and $4, targets for fixing the medium-term position at the levels of $4.5 - $5 - $5.5, the long-term position is still in hold, I will start fixing as the height of the altseason and the fall of BTC dominance.

✅ The instrument demonstrates strength in contrast to the entire market

✅ Tested MA200 and gave a good rebound to MA100

✅ 4 attempts to break through MA100 from bottom to top, I expect it to break through and secure it above the red order block

✅ During the correction we reached the 0.5 Fibo level, and that’s where the buyer’s reaction came from.

✅ Broke and consolidated above the downward trend

Among the upcoming significant events:

❗️On June 6, iExec will participate in the “Confidential Computing Summit” in San Francisco and will present the design and proof of concept for a delegated federated learning platform based on iExec’s decentralized cloud computing marketplace. The framework relies on blockchain technology and multiple TEE technologies (Intel SGX, TDX and nVidia Hopper Confidential Compute) to implement the industry's Trusted and Confidential AI platform.

#Crypto#Trend#AICoins#Trends2024