The cryptocurrency market is showing strong signs of recovery after a short pullback. Following Donald Trump's recent announcement of $500 billion for AI infrastructure, the AI token segment is experiencing the highest short-term growth.
Bittensor (TAO)
Ranked as the fourth largest AI token, Bittensor experienced a bullish reversal in the past day with a trading volume of $172.79 million. Despite a YTD return of -5.26%, it maintains its position in the category. Technical indicators present mixed sentiments for Bittensor, with the RSI pointing upward towards neutral in the 1D time frame and the EMA 50/200-day showing bearish price action. Holding the price above its resistance level of $437.5 could push TAO's price toward its upper resistance level of $547 this month.
Artificial Superintelligence Alliance (FET)
FET's price jumped by 7.43% over the past 24 hours with intraday trading volume changing by +2.59%. This AI token has regained its momentum and covered its YTD losses. Ranked 46th with a valuation of $3.144 billion, FET displays neutral signals in MACD, while the SMA indicator shows a bullish curve. If bullish sentiment persists, the FET price may test its resistance level of $1.650.
Virtuals Protocol (VIRTUAL)
VIRTUAL's price showed bullish action by adding 13.38% in 24 hours with a trading volume of $223.56 million. With a market cap of $1.868 billion, it holds the 60th position. The RSI witnessed a bullish convergence on the daily chart, while EMA 50-day supports the positive price trend. If market favors the bulls, VIRTUAL can retest its upper resistance level of $4.410.
As the cryptocurrency market recovers, AI tokens show strong growth. Each token has its specific features and forecasts, and the current market conditions present interesting opportunities for traders and investors.
