Artificial intelligence (AI) coins saw strong moves in the last week of January, with some projects recovering from recent lows and potentially posting further gains in the first week of February.
MorpheusAI (MOR) soared 47% as momentum in the AI sector regained, while Morphware (XMW) jumped 32%, driven by expectations of a golden crossover. Bittensor (TAO) surged 19% after rebounding from its lowest level since September 2024.
MorpheusIA (MOR)
MorpheusAI is an Arbitrum-based network that bills itself as the “first peer-to-peer network for general-purpose artificial intelligence.” Launched in May 2024, MOR, the native token, initially reached prices around $128 but saw a sharp decline thereafter.
Price Analysis for MOR. Source: TradingView.
MOR has gained 47% in the past seven days, pushing its market cap close to $100 million. It briefly touched $115 million this week before experiencing a slight correction, but momentum remains strong.
If the rally continues, MOR could retest $37 and potentially rise to $40 or even $45 for the first time since June 2024. However, if the trend reverses, MOR price could test support at $ $22, with a further drop to $16.2 if that level is broken.
Morphware (XMW)
Morphware is an Ethereum Layer 3-based AI application that aims to provide a decentralized machine learning platform.
XMW, its native token, has surged 32% in the past seven days, with a 26% jump in 24 hours, bringing its market cap to $75 million. Launched in September 2024, XMW reached an all-time high of $0.18 on December 12, 2024.
Price Analysis for XMW. Source: TradingView.
The EMA lines suggest that XMW may soon form a golden crossover, potentially pushing its price towards key resistance levels at $0.10 and $0.12.
However, if the trend reverses, the $0.082 support is crucial—losing it could lead XMW to drop to $0.062.
Bittensor (TAO)
TAO is the largest artificial intelligence crypto with a market cap of around $3.8 billion, surpassing competitors such as RENDER, FET, and VIRTUAL. The token aims to create a decentralized machine learning network using blockchain technology.
Price Analysis for TAO. Source: TradingView.
TAO price has gained 19% in the past seven days after hitting a low of $362 on Jan. 23, the lowest level since September 2024. This recent jump suggests growing interest as the AI crypto narrative regains momentum. impulse.
The EMA lines indicate that TAO may soon form a golden crossover, potentially pushing the price towards the resistances of $480 and $498. If the AI enthusiasm strengthens, TAO could rally to $521 or even $586. However, if the trend reverses, the key supports at $458 and $435 are likely to hold, or TAO could revisit $386 or $362.
The article Top 3 AI Coins to Watch in the First Week of February appeared first on BeInCrypto.
