As the market begins to recover, AI altcoins are gaining strength in their bull trend. Leading AI altcoins like AIOZ Network (AIOZ), Render (RNDR), and Bittensor (TAO) are showing significant daily gains and present a promising outlook for the coming month. Here are the best AI altcoins to invest in as the market recovers.
AIOZ Network (AIOZ)
Despite being in a descending channel on the daily chart, AIOZ Network’s current bull cycle suggests a potential trend reversal. The altcoin, supported at the $0.40 level, is moving from the support trend line towards the 200-day exponential moving average (EMA). This reversal undermines the 48-hour downtrend with a 21% rise.
As buyers try to avoid a death cross between the 50-day EMA and the 200-day EMA, the AI altcoin is at a critical point. If the upward trend continues, AIOZ’s price is expected to reach the psychological level of $1.
Render (RNDR)
Contrary to general expectations, despite breaking the falling wedge formation, the market crash dropped Render’s price to $3.63. Retesting the broken trend line indicates a potential reversal opportunity. With the rise in the daily Relative Strength Index (RSI), RNDR’s oversold condition could lead to a relief rally.
However, the death cross between the 50-day EMA and the 200-day EMA still signals a bearish trend. The AI altcoin needs to surpass $268, corresponding to the 78.60 Fibonacci level. In a prolonged rally, it is expected to target the psychological level of $10, corresponding to the 23.60 Fibonacci level.
Bittensor (TAO)
Bittensor, which fell sharply from the $350 resistance, retreated to the $200 level with a double top formation. However, TAO maintains its strength with a morning star formation at the $200 level.
The AI altcoin, which recorded a 3.52% intraday increase, is rising with a three white soldiers formation and seems to target the $268 resistance at the 23.60 Fib level. An upward move could take the AI altcoin to the neckline of the double bottom formation at the $358 level.
