Is Bitcoin Pushing $69 Thousand Again?
While Bitcoin (BTC) recently retested the $69,000 level, the momentum of altcoins seems to be slowing down. However, AI altcoins and memecoins still maintain their upward trends. Therefore, investors waiting outside the market follow these sectors closely. Here are 3 artificial intelligence altcoins with 2x increase potential, supported by technical analysis.
Breakout Rally Begins in Artificial Intelligence Altcoin TAO
Bittensor's underlying network TAO has made a significant rise, completing the correction phase with a breakout from the falling wedge formation. This breakout resulted in a 32 percent increase in just four days. TAO is on track to reclaim the psychologically important $500 level and forms a rolling bottom formation.
According to trend-based Fibonacci levels, the bull run for TAO is gaining momentum and could have a more than 2x upside potential by surpassing the thousand dollar level.
AIOZ Network Returned from Double Bottom Formation
AIOZ Network's underlying network, AIOZ, continues its uptrend from a pivot point at $0.60 and is currently trading at $0.88, up 46 percent in three weeks. The altcoin formed a double bottom formation with a breakout of a neckline at $0.75. After a successful retracement test, it is currently challenging the 50 percent trend-based Fibonacci level.
If the uptrend continues, AIOZ could reach $1.88, which coincides with the 1.618 percent Fibonacci level, which could be a strong sign for further gains potential.
NEAR Protocol Gains Momentum in Uptrend Channel
NEAR Protocol's underlying network NEAR is trading above the $8 level, continuing its uptrend in a positive channel. The price of NEAR has increased by almost 57 percent in the last 30 days. According to Fibonacci levels, the continuation of this uptrend could reach up to $16.20, which corresponds to the 1.618 percent Fibonacci level.r.
