3 Cryptocurrencies with the Most Potential Right Now
NEAR
With a current market cap of $4.618 billion, NEAR Protocol is one of the leading AI cryptocurrencies. In the past 24 hours, the NEAR token has gained 2.31% and is now trading at $4.07, but has corrected 1.36% intraday. Last night, NEAR price retreated from the 50-day moving average of $4.30 and was blocked by the 23.60% Fibonacci level of $4.379, increasing the possibility of a head and shoulders pattern with a neckline at $3.523. Nevertheless, the overall recovery of the market and the rising trend of the RSI line indicate potential upside. If the 23.60% level is breached, NEAR may test the target levels of $1.05 and $1.0558; the downside risk is limited by the support levels of $3.859 and $3.60.
TAO
Bittensor’s AI token TAO has gained 11.02% in the past 24 hours and 15% in the past 7 days, with a market cap of $2.37 billion and trading at $318. The daily chart shows that TAO is trading sideways with overhead resistance at $354. Last night’s bullish engulfing pattern showed a 12.52% rebound but failed to break through $350. The price is now expected to retest the 50% Fibonacci level at $309. With the broader market recovering, a break above $350 could push it to $447 or even $706. Key support levels are at $300 and $283.
INJ
INJ has gained 5.42% in the past 24 hours and has a market cap of nearly $2 billion, trading at $18.8. On the daily chart, INJ price was in a descending channel pattern but recently rebounded from $16 and formed a bullish engulfing candle, up 8.27%. This broke the three-day losing streak and challenged the 23.60% Fibonacci level at $19.74. If the bullish breakout succeeds, it will further challenge the upper trendline near $21. However, the overall market trend will still determine the price direction. If the price breaks through the 200-day moving average and the 38.20% Fibonacci level ($23.79), it may indicate a trend reversal with potential targets of $41 or $52. Meanwhile, key supports are at $17.94 and $15.75.
