The cryptocurrency market started the third week of July with a strong bullish sentiment, underlining a positive outlook for the tokens. Moreover, with the Bitcoin price trading above $63,000, leading altcoin projects showed bullish momentum. Moreover, after briefly registering a downward price movement, the Artificial Intelligence (AI) category regained momentum and recorded a significant jump in its valuation over the past few days. Crypto analyst Elenor R looks at the top 3 AI coins that have the potential to make a bull run in the coming weeks.
FET price prediction: Bulls target these levels!
Amidst the growing bullish sentiment in the crypto space, the Artificial Superintelligence Alliance (FET) price regained momentum and is up nearly 11% in the past day with a trading volume of $140.47 Million. It also added 9.58% to its portfolio in the past week, indicating an increasing bullish influence. The technical indicator MACD is showing a steady rise in the green histogram and its averages are recording an upward move. This highlights an increase in buying pressure. Moreover, the SMA indicator is showing a positive crossover, suggesting that the FET price is likely to continue gaining value this week. If the market sustains the altcoin price above the important support level of $1.285, the bulls will be ready to test the upper level at $1.855. Conversely, a downward price movement could pull the price towards this month’s low of $0.816.
RNDR price prediction: Altcoin on the verge of a major breakout!
With a jump of around 7% in the past day, the Render Token (RNDR) price is on the verge of breaking out of the resistance trend line of the descending channel pattern. Moreover, the altcoin is up 38.39% this year and has a market cap of $2.54 Billion. The Relative Strength Index (RSI) is recording a sharp rise towards the neutral point, whereas the EMA on the 50/200-day, 1D time frame is showing a high probability of a “Death Cross.” This highlights a mixed sentiment for the altcoin price. If the market continues to trade under an uptrend, it could lead the RNDR price to test the upper resistance level at $9,450. On the downside, if the bears regain control, Render is likely to decline towards the key support level at $5.30.
GRT price prediction: Altcoin price breaks through major resistance level!
The Graph (GRT) price continues to trade in an uptrend, adding 8.23% to its portfolio over the past day with a trading volume of $48.836 Million, representing a 19.07% change. Moreover, this AI coin has gained 11.59% in the last seven days, indicating an increasing bullish influence. The Simple Moving Average (SMA) has shown an upward trend on the Graph price chart, suggesting a positive outlook for the altcoin this week. Moreover, the MACD indicator has noted a bullish pattern. If the bulls continue to gain momentum, GRT will be set to test the $0.2650 resistance level. However, if the bears dominate the crypto market, this altcoin will retest the lower support level of $0.1375 this month.
The opinions and estimates in the article belong to the analyst and are definitely not investment advice. Cryptocoin.com We strongly recommend that you do your own research before investing.
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