Bitcoin (BTC) is retesting the $69,000 level, while altcoins are slowing down, but AI altcoins and memecoins continue their upward momentum. Investors who prefer to stay out of the market during this period are closely monitoring these sectors to catch potential rises. Here are three AI altcoins showing strong potential for a 2x increase based on recent price movements and technical analyses.
AI Altcoin TAO Begins Breakout Rally
Bittensor‘s mainnet asset TAO ended its correction phase with a breakout from a falling wedge formation, marking a significant bullish reversal. This breakout led to a 32% rise in just four days, recorded with four consecutive bullish candles. Altcoin is now preparing to reclaim the psychologically important $500 level and is forming a rounded bottom formation indicating further upside potential.
According to trend-based Fibonacci levels, the bull run for the altcoin is gaining momentum, and TAO could potentially exceed the $1,000 level, more than doubling in value.
AIOZ Network Rebounds from Double Bottom
AIOZ Network‘s mainnet asset AIOZ is maintaining its upward trend from a pivot point at $0.60 and is currently trading at $0.88, up 46% in three weeks. The altcoin formed a double bottom pattern with a neckline break at $0.75 and is now challenging the 50% trend-based Fibonacci level after a successful retest.
If the upward trend continues, AIOZ could reach $1.88, corresponding to the 1.618 Fibonacci level, indicating strong potential for further gains.
NEAR Protocol Gains Momentum in Rising Channel
NEAR Protocol‘s mainnet asset NEAR is maintaining its upward trend in a positive channel, trading above the $8 level. NEAR’s price has risen nearly 57% in the last 30 days, and according to Fibonacci levels, this upward trend could target $16.20, corresponding to the 1.618 Fibonacci level.
This indicates strong potential for NEAR, with a significant bullish trend and recent notable gains.
