The cryptocurrencies associated with Artificial Intelligence witnessed sudden popularity and price increase earlier this year, after the release of ChatGPT-an artificial-intelligence chatbot developed by OpenAI. However, amid the recent correction in the crypto market, these coins are witnessing a significant correction that could offer a discount opportunity to interested traders. Given below are some of the Top A.I.-associated tokens that can offer a strong bullish recovery in 2023.
In the daily time frame chart, the Graph token price shows the formation of a cup and handle pattern. This famous bullish pattern is often spotted in the market bottom and could bolster coin buyers to replenish bullish momentum.
As of now, the GRT price forms the pattern’s handle portion as shown above chart and amid the increasing uncertainty in the market wobble between the $0.16 and $0.13 levels. By the press time, the coin price trades at $0.1385 and continues to move lower to retest the $0.13.
If the buyers manage to sustain above $0.13 or $0.108 support, the influence of the aforementioned bullish pattern should push the coin price above the $0.21 barrier.
Amidst the ongoing uncertainty in the market, the falling AGIX price turned sideways above local support of $0.386-$0.36. Currently, the coin price is resonating between the buying climax at $0.45 and the selling climax at $0.386.
Despite this consolidation, a higher high rally in the daily RSI slope indicates growth in underlying bullish momentum and a better possibility for AGXI price to breach $0.45. This breakout could encourage the coin buyers to drive the price $0.55 barrier.
Also Read: Best Crypto AI Trading Bots For 2023
For nearly two months, the Render token has witnessed a sustained correction under the influence of a falling channel pattern. By the press time, the RNDR price traders at the $1.285 mark and shows reversal signs at the pattern’s resistance trendline.
This rejection usually triggers a new bear cycle within the channel patterns which may breach the last lower low($0.94) of the ongoing downtrend. Anyhow, in theory, the downward channel offers a strong upside upon the breakout of the resistance trendline.
Thus, interested traders must wait for a trendline breakout which could encourage a bull run to the $2.2 mark.
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