- The cryptocurrency market commenced the third week of July with a strong bullish sentiment, indicating a positive outlook for tokens.
- Alongside Bitcoin maintaining its price above $63,000, leading altcoin projects demonstrated bullish trends.
- Furthermore, after a brief downward price movement, the Artificial Intelligence (AI) category regained momentum, marking significant valuation jumps over the past few days.
Discover the latest bullish trends in the cryptocurrency market as three AI coins show significant potential for a bull run in the coming weeks.
Artificial Superintelligence Alliance (FET) Gains Momentum Amid Bullish Market Sentiment
The Artificial Superintelligence Alliance (FET) token has seen a resurgence in momentum, evidenced by an approximately 11% increase over the last day, coupled with a trading volume hitting $140.47 million. This rise follows a portfolio addition of 9.58% over the past week, reflecting amplified bullish sentiment. Notably, the MACD indicator shows a consistent uptrend with green histograms, indicating a surge in buying pressure. Simultaneously, the SMA indicator’s positive crossover suggests continual price appreciation for FET in the current week. Should the market sustain the altcoin’s price above the significant support level of $1.285, bulls might push to test the upper level of $1.855. Conversely, a downward movement could plunge the price toward this month’s low of $0.816.
Render Token (RNDR) Edges Close to Major Breakout
Render Token (RNDR) has experienced a nearly 7% rise within the past day, positioning itself at the cusp of breaking out from the descending channel’s resistance trendline. With a substantial 38.39% increase this year, RNDR boasts a market capitalization of $2.54 billion. The Relative Strength Index (RSI) shows a sharp rise towards neutrality, while the EMA 50/200-day indicates a high “Death Cross” probability on the 1D timeframe. This mix reveals a blend of bullish and bearish sentiments. If the market continues its bullish trend, RNDR may aim to test the upper resistance level of $9.450. On the flip side, if bears regain control, RNDR could plummet towards the crucial support level of $5.30.
The Graph (GRT) Surpasses Key Resistance Level
The Graph (GRT) token continues its bullish trajectory, adding 8.23% to its portfolio with a trading volume of $48.836 million in the last day. It has also surged by 11.59% over the past week, reflecting heightened bullish influence. The Simple Moving Average (SMA) illustrates a bullish trend in the Graph’s price chart, suggesting a positive outlook for the altcoin this week. Similarly, the MACD indicator showcases an upward trend, reinforcing the bullish sentiment. Should the bulls maintain their momentum, GRT is poised to test the resistance level of $0.2650. Conversely, should bears dominate the market, GRT could revisit the low support level of $0.1375.
Conclusion
This bullish market sentiment strongly hints at potential significant price movements for prominent AI coins like FET, RNDR, and GRT. Investors should watch the support and resistance levels closely as these coins demonstrate potential for substantial gains. However, as always, conduct thorough research before making any investment decisions.
