AI-Related Cryptocurrencies Outperforming Market Sell-Off

Recent market turbulence has seen a surprising resilience in AI-related cryptocurrencies. Notable performers include Fetch.ai, Ocean Protocol, SingularityNET, and Arkham, with significant gains recorded.

Fetch.ai (FET) has emerged as a standout asset, exhibiting remarkable recovery amidst a broader market decline. Breaking free from a descending channel pattern, FET surged by 22% in just 48 hours, surpassing the critical 200-day EMA. This uptrend has elevated FET to $1.65, reflecting an impressive 42.49% growth over the past week.

Encouragingly, a positive MACD and signal line convergence indicates a potential reversal in trend, postponing the awaited death cross involving the 50-day and 200-day EMAs. Analysis points to a possible challenge at the 50% Fibonacci level, estimating a climb to $3.26 if the current uptrend persists.

Despite market uncertainties, Ocean Protocol (OCEAN) and SingularityNET (AGIX) have also exhibited robust recoveries, hinting at a breakout for further gains amidst the ongoing market correction.