Top AI-Based Tokens To Stack Ahead Of The Nvidia Event!

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The Artificial Intelligence (AI) tokens continue to gain significant momentum over the past few weeks, indicating a rise in investor’s interest in it. Further, the top AI token have added massive valuation to their respective portfolio with some recorded a returns of over 100% during this time.

The NVIDIA GTC event is scheduled to take place from 18th March to 22nd March and is considered to be the number one AI conference for developers. In this article we have covered the top AI-based altcoins that have the potential to display massive price movements in the coming time. 

The Graph (GRT):

The GRT price traded in a closed range between $0.2664 and $0.2998 for a brief period, following which the bulls gained momentum and broke out of the range, where it displays a neutral trend for the next few days. As the volatility grew, the bulls lost momentum and fell to test its lower level of $0.2348.

After this, the bulls regained momentum and recorded a jump of 104.64% within the next five days. After falling rejection at $0.4805, the bulls lost momentum and broke down the support level. Since then, the price has been trading in a consolidated range between $0.3694 and $0.4475.

TradingView: GRT/USDT

The MACD displays a rise in the negative histogram, suggesting a bear power in the cryptocurrency market. Further, the averages show a bearish convergence, highlighting the price may continue losing value this week.

If the market holds the price above the level of $0.3694, the bulls will regain momentum and run to test its upper resistance level of $0.4805 in the coming time. Conversely, if the price continues to trade under a bearish influence, the GRT price will continue losing value and fall to test its lower level of $0.2998.

Fetch.ai (FET):

The FET price displayed a neutral trend for a while, after which the bulls recorded a jump of approximately 78% in valuation. Following this, the price traded in a closed range between $1.492 and $1.906 for the next few days.

As the market volatility grew, the bulls regained momentum and recorded a jump of 91.50%. Since then, the price has been trading in a closed range between $2.2310 and $3.00.

TradingView: FET/USDT

The technical indicator, MACD, shows a similar trend by trading under a bearish influence. Further, the averages show a constant decline, suggesting a negative price action for the altcoin in the coming time.

If the FET price records a bullish reversal in the chart, the token will regain momentum and prepare to test its upper resistance level of $3 by the coming weekend. Negatively, if the bulls fail to regain momentum, the price will fall to test its lower support level of $1.492.

Render (RNDR):

The RNDR price traded in a traded in a closed range between $7.020 and $8.240 for a brief period, after which the bulls lost momentum and broke down the support level. After testing its low of $5.765, the Render token regained momentum and recorded a jump of 87.16% in valuation.

After trading sideways for a while, the bulls regained momentum and recorded another jump of 35.81%. Since then, the price has been trading in a consolidated range between $10.790 and $12.780.

TradingView: RNDR/USDT

The Moving Average Convergence Divergence (MACD) displays a rising red histogram, indicating an increase in the selling pressure within the crypro space. Moreover, the averages show a constant drop, suggesting a bearish influence in the crypto space.

If the market holds the price above the support level of $10.790, the bulls will regain momentum and prepare to test its upper resistance level of $13.840 in the coming time. Conversely, if the bears continue to overpower the bulls, the price will test its lower support level of $8.240.

Conclusion:

The AI category continues to display massive price action, highlighting an increase in the inflow of digital assets in it. Further, the Artificial Intelligence (AI) tokens are predicted to record significant volatility in the upcoming months, which could result in them achieving a new high within this year.

Note: This article is not subjected to any promotion or financial advice and the crypto tokens for this article were selected on basis of their social sentiments and present market situation statistics only.