Top cryptocurrencies and AI tokens see strong recovery: market outlook analysis
Recently, the cryptocurrency market has shown strong recovery momentum, with the total market value increasing by 3.64% to reach $2.43 trillion. This recovery is not only reflected in traditional cryptocurrencies, tokens in the artificial intelligence (AI) category have also shown significant price growth, further enhancing the bullish sentiment in the market. This article will take a look at three of the top artificial intelligence coins that are poised to experience significant growth over the next month.
1. AI Super League (FET) Price Action
The price of FET has risen 3.26% in the past day and 23.36% in the past seven days. Despite a 12.36% drop in the past 30 days, the year-to-date return has reached 112.37%, indicating a long-term bullish sentiment. In terms of technical indicators, both RSI and MACD show a continued rise in bullish sentiment, indicating that the market's buying pressure on altcoins is greater than the selling pressure.
If the market continues to gain momentum, FET price is expected to test its overhead resistance at $2.23. Conversely, if the bears regain dominance, FET token price may drop to a low of $1.05.
2. Lumeilin (LMR)
LMR has been particularly prominent in the price action in the cryptocurrency space, with a 23.87% surge in price over the past day, with a trading volume of $326,710, a gain of 246.36%. It is up 165.92% over the past seven days and 50.62% over the past month. The green histogram of the MACD has been rising since the beginning of the month, and its average is also steadily rising, showing a positive outlook for the altcoin in the coming weeks.
If the bulls can sustain the LMR price above its important support at $0.02610, the price could move towards its upper boundary at $0.04320. On the other hand, if the trend reverses, the LMR price could drop towards its critical support at $0.00975.
3. Turbo (TURBO) Price Analysis
Turbo's price continues to perform positively, up about 28% in the past day and 95.64% in the past seven days. It has risen 9.46% in the past 30 days, and the year-to-date return is as high as 1556.32%. In terms of technical indicators, the RSI successfully tested its midpoint and is moving towards the overbought range, indicating that the market is bullish. In addition, the average index shows a positive trend, indicating that Turbo's price will continue to rise.
If the market continues to trade under the bullish sentiment, Turbo price is expected to test its overhead resistance at $0.00945 in the coming weeks. Conversely, if the bears regain momentum, the altcoin will retest its lower support at $0.00452.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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