The recent decrease in Bitcoin price has put pressure on major altcoins, causing them to underperform. Despite this, AI tokens are starting to regain momentum and show signs of recovery.

AI tokens have been consistently resurfacing with strong potential for long-term growth. They are currently leading the market in terms of hype and real-world applications.

The focus is particularly on large-cap tokens like Worldcoin and Fetch.AI. Analyzing their price charts can provide insights into their performance.

Analyzing Fetch.AI's Performance

With a market cap of $2.23 billion, Fetch.AI presents an entry opportunity for investors. The token has reached the 200 EMA in the 4H chart, indicating a surge in demand and a quick rebound.

Even though Fetch.AI dropped in rank from 71st to 76th among the top 100 altcoins, it has experienced a 3.86% increase in the last 4 hours due to high demand at a crucial support level.

Currently trading at $2.6510, Fetch.AI is anticipated to bounce back to $3.39 and potentially reach $4.44 based on trend-based Fibonacci levels.

Examining Worldcoin's Price Movement

While Worldcoin initially surged above $10, it has dropped to the $6 support level, resulting in a 42% decline from its peak of $11.97 and falling below the 50D EMA.

In the daily chart, Worldcoin illustrates a head-and-shoulder pattern with the neckline aligning with the $6 range. A breakdown below this support level could hinder any chances of a bullish reversal.

Despite the current setback, Worldcoin could present a lucrative buying opportunity in anticipation of an altcoin market reversal. If this were to happen, Worldcoin could potentially exceed $10 and surpass the $12 threshold.