As the cryptocurrency market strives to regain its $2 trillion valuation, demand for altcoins has picked up. After a few days of bearish action, AI Token has staged a V-shaped recovery.
As the likelihood of altcoins uptrend increases, the opportunity to buy AI Tokens also increases. So, let’s take a closer look at the resurgence AI Tokens that you can buy on the crypto market rebound.
Best Recoverig AI Token to Buy: NEAR Protocol (NEAR)
Despite the downtrend on the 4H chart, the bullish dominance of the $3.29 support level brought about a V-shaped reversal. The rebound in the price of NEAR token increased by 12% and aimed to challenge the upper trendline.
The death cross between the 50 and 200 EMA in the 4-hour chart warns of a decline. Moreover, the supply point where the downtrend line and the 23.60% Fibonacci level converge will determine the chances of an uptrend.
A breakout rally would result in a rapid increase in the AI Token price towards the $5 mark. However, if the trendline gets blocked, the $3 support level would be at risk.
Artificial Intelligence Super League (FET)
FET token price completed a bearish cycle in a descending channel showing a lower price rejection candle near the support trendline. Moreover, the intraday growth of 8.43% suggests a continuation of the uptrend with a surge in demand.
Despite the 40% decline in the 10-day candlestick chart, the bearish action hit a critical demand point. However, the bearish impact on the daily chart resulted in a death cross of the 50D and 200D EMA.
A bullish reversal in AI Token could challenge the 23.60% Fibonacci level at $1.15. Therefore, the possibility of an uptrend signals a possible reclaiming of the lost psychological mark of $1.
GRT
Similar to Near Protocol, GRT price action is trending down in the 4H chart with a V-shaped reversal. The bullish reversal in the GRT token challenges the upper trendline and the 23.60% Fibonacci level.
However, a 3% drop in 4 hours warns that the bullish momentum has failed to break through the supply barrier. Still, if the broader recovery continues, GRT price could move above the 50% Fibonacci level at $0.1701.
