As we close out the first week of October 2024, several Artificial Intelligence (AI) coins are standing out with strong price performances and growing investor interest.

In this analysis, BeInCrypto highlights the top three AI coins dominating the market, examining the key factors behind their rise and what could be on the horizon in the coming weeks.

THERE

DIA is a cross-chain Web3 company specializing in cryptocurrencies. It offers services such as digital asset price feeds, adjustable NFT floor price feeds, multi-chain randomization for DeFi and GameFi applications, and the creation of custom oracles for decentralized applications.

DIA coin has seen a 47.79% increase in the past seven days, ranking among the best-performing AI coins during this period. Its price surged from $0.41 on September 29 to $0.92 on October 1, marking an impressive 124% gain. Following this surge, the price corrected to $0.59.

Despite this pullback, DIA’s Exponential Moving Average (EMA) lines remain bullish. The short-term EMAs continue to be above the long-term ones, signaling that the uptrend is still intact, although it has weakened compared to the previous peak.

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DIA’s EMA and RSI lines. Source: TradingView

DIA’s Relative Strength Index (RSI) currently stands at 44.68, which suggests that it is neither overbought nor oversold. The RSI is a momentum indicator that ranges from 0 to 100 and is used to assess whether an asset is overbought (above 70) or oversold (below 30).

With DIA’s RSI at 44.68, it indicates that the asset is in a neutral zone, showing steady movement without extreme pressure in either direction. This level suggests that there is still potential room for upward growth before reaching an overbought condition. This means that DIA could have more bullish momentum ahead.

Zero1 Labs (DEAI)

DEAI is the token of Zero1 Labs, a platform dedicated to the development of decentralized AI apps. Zero1 Labs offers Keymaker, an open platform that includes a suite of DeAI tools, APIs, and dApp store, as well as Cypher, a blockchain optimized for AI and large-scale language models, with a focus on data governance and ownership. The platform is designed to simplify the creation and monetization of DeAI apps.

DEAI’s price has increased by 14.05% over the past week and is currently trading at $0.41. DEAI’s EMA lines are strongly bullish, with the short-term lines all above the long-term ones. They also show a good distance between them, indicating that the uptrend is sustainable.

DEAI EMA and RSI lines. Source: TradingView

DEAI is currently showing support at $0.31, and its next resistance is at $0.43, which is likely to be tested soon. Its Relative Strength Index (RSI) is currently at 61.41. This indicates that although it is approaching the overbought threshold of 70, there is still room for potential upside.

With DEAI’s RSI approaching 70, the token is showing signs of strength and bullish momentum. However, it may be approaching a point where gains could slow down or a correction could occur. While there is still room for growth, this momentum may not last much longer as it approaches the overbought zone.

Lambda (LAMB)

LAMB is the coin of Lambda, a storage network that describes itself as the “premier omnichain modular storage” supporting DeFi and AI applications. The price of LAMB followed the same trend as DIA and DEAI, rising from $0.0016 on September 27 to $0.0030 on September 30. This represents an increase of 87.5% in just three days.

It then dropped to $0.0023, but its price chart still shows potential for growth in the coming days. LAMB’s EMA lines still look bullish, although the distance between its two short-term lines is not as large as before. This could indicate that the current uptrend is weaker.

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LAMB EMA and RSI lines. Source: TradingView

LAMB’s RSI currently stands at 50.33, indicating that the asset is in a neutral position, neither overbought nor oversold. This leaves plenty of room for growth as it indicates that LAMB is not yet facing excessive buying pressure.

If the current uptrend continues, LAMB could soon retest the $0.0030 resistance level, presenting a potential 32% upside opportunity. With its RSI comfortably in the middle, there is room for more upward momentum before any significant resistance is encountered.

The article Top 3 AI Coins for the First Week of October 2024 appeared first on BeInCrypto Brasil.