The cryptocurrency market is showing strong upside momentum, as evidenced by Ethereum's (ETH) surge by over 4%. AI tokens AIXBT and GRIFFAIN, which have suffered significant corrections, also display double-digit gains.
AIXBT: Rounding Bottom Pattern Hints at Reversal
AIXBT's price has been on a downturn since mid-January, reaching a low of $0.093. It now shows signs of forming a Rounding Bottom pattern, which supports hopes for a recovery. The price has rebounded to $0.13, nearing a crucial resistance at the 50-day moving average. A breakout could confirm a price resurgence.
GRIFFAIN: Following AIXBT's Price Path
Similarly to AIXBT, GRIFFAIN has been severely affected by a downtrend since January. Recently, GRIFFAIN hit a low of $0.03492 before starting its recovery. The token is also forming a Rounding Bottom pattern, with current attention on the $0.055 level. A breakout above the 50-day moving average could indicate further recovery.
Conclusion: Future of AI Tokens
Both AIXBT and GRIFFAIN are showing promising recovery signals, aided by positive market conditions. However, confirmation hinges on their ability to surpass key resistances and maintain bullish sentiment. The favorable environment around Ethereum's rally provides opportunities for AI tokens as well.
AI tokens AIXBT and GRIFFAIN are displaying positive trends amidst Ethereum's rise. Successful recovery depends on overcoming key resistances and sustaining bullish momentum.
