The world of artificial intelligence (AI) continues to expand and constantly grow. Therefore, a new token appears every week and some perform better than others. The tokens that attracted attention in the fourth and last week of June were Matrix AI Network (MAN), LimeWire (LMWR) and PAAL AI (PAAL).
Big News of the Week: Google and Gemini Collaboration
The biggest news of the week was the collaboration between Google and Gemini. This collaboration, announced Tuesday at the Google I/O 2024 Conference, will add a Gemini AI side panel to Gmail that will help users compose emails and summarize email chains. This feature is expected to spread to Google's other products, especially Docs, Sheets, Drive and Slides.
MAN's Impressive Performance
Matrix AI Network (MAN) showed a remarkable performance, increasing by more than 40% last week. The AI token was trading at $0.041 at the time of writing, bouncing back from the critical support at $0.027.
This sharp increase has reignited investor optimism, with an increasing uptrend in the Moving Average Compatibility/Divergence (MACD) indicator. The increase of green bars on the indicator indicates that the increase will continue in the future.
If MAN price manages to turn the resistance at $0.042 into a support level, it could reach $0.050. However, if this fails and the altcoin falls below $0.037, a pullback to $0.027 is likely.
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I EXPLAIN IN DETAIL.
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