As the altcoin market extends its rally from last month, three artificial intelligence (AI) tokens emerged as major winners during this first week of June trading.

These AI cryptos, TokenFi (TOKEN), HyperGPT (HGPT), and Bad Idea (BAD), all look set to continue their rally over the weekend.

TokenFi (TOKEN) sees increasing demand

TOKEN is the cryptocurrency that powers TokenFi, a protocol allowing its users to create tokens or tokenize real assets. Over the last seven days, the price of TOKEN has increased by more than 27%. At the time of writing, the altcoin is trading at $0.17.

An assessment of the token’s price movements on a daily chart confirmed that buying activity continues to outpace profit-taking among TOKEN holders. At the time of writing, its Relative Strength Index (RSI) was in an uptrend with a value of 70.43.

Its Money Flow Index (MFI) was 76.44, following a similar trajectory. The RSI and IMF are momentum indicators that allow traders to assess the price dynamics of an asset and identify potential buying and selling opportunities. With these values, these indicators showed that the TOKEN buying pressure was particularly important.