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The post Recovering AI Tokens To Buy Amid Crypto Market Bounceback appeared first on Coinpedia Fintech News
As crypto market is working back to reclaim the $2 Trillion valuation, the demand for altcoins is back. Amid a bullish day after days of bearish action, the AI tokens reveal a V-shaped recovery.
As the uptrend chances in the altcoins increase, the opportunity to buy the dip in AI tokens arises. So, let’s look closer at the top recovering AI tokens to buy as the crypto market bounces back.
Top Recoverig AI Tokens To Buy: Near Protocol (NEAR)
Despite a declining trend in the 4H chart, the bullish dominance at the $3.29 support level brings a V-shaped reversal. The comeback rally in the NEAR token price accounts for a 12% rise, aiming to challenge the overhead trendline.
A death cross in the 4H chart between the 50 and 200 EMA warns of a downfall. Further, the supply point at the confluence of the declining trendline and the 23.60% Fib level will determine the uptrend chances.
A breakout rally will result in a quick rise in the AI token price to the $5 mark. However, a rejection from the trendline will put the $3 support at risk.
Artificial Superintelligence Alliance (FET)
Completing a bearish cycle in a falling channel, the FET token price shows a lower price rejection candle near the support trendline. Further, an intraday growth of 8.43% reveals an uptrend continuation and a surge in demand.
Despite a 40% downfall with a streak of 10 daily candles, the bearish action hits a crucial demand spot. However, the bearish influence over the daily chart results in a death cross of the 50D and 200D EMA.
A bullish reversal in the AI token can challenge the 23.60% Fibonacci level at $1.15. Hence, the uptrend chances tease a potential reclamation of the lost $1 psychological mark.
The Graph (GRT)
Similar to the Near protocol, the GRT price trend shows a declining trend in the 4H chart, taking a V-shaped reversal. The bullish turnaround in the GRT token challenges the overhead trendline and the 23.60% Fibonacci level.
However, the 3% drop in 4 hours warns of a bullish failure to surpass the supply barrier. Nevertheless, if the broader market recovery sustains, the GRT price will likely surpass the 50% Fibonacci level at $0.1701.
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