The crypto market has had an interesting week, with many Artificial Intelligence (AI) tokens starting out with a rally and ending in decline. Nevertheless, some altcoins still managed to note shocking gains.
BeInCrypto has organized a list of these assets that, despite a mixed week, managed to bring their investors profits.
Covalent (CQT)
Covalent’s price was not only the best-performing Artificial Intelligence token but also probably the best token in all this week. At its peak, the altcoin rallied to $0.0391, marking a 2,077% rise before declining.
The decline was the result of the bearish broader market cues and brought CQT down to $0.016. This reduced the overall rise to 337%, making recovery the next possible move for the AI token.
Read more: How Will Artificial Intelligence (AI) Transform Crypto?
However, if the bearish cues intensify, a drop below $0.0127 is possible, sending the altcoin below $0.0100. This would invalidate the bullish thesis.
Victoria VR (VR)
Next on the list is Victoria VR, which had a rather stable rally, rising by 55% from $0.00605 to change hands at $0.00956. This impulse brought the altcoin to a monthly high, nearing a breach of $0.00957.
If this breach is successful, the Artificial Intelligence token could reach $0.01112. This would help the altcoin continue its bull run reclaiming the losses noted throughout May and June.
Read more: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?
A failed breach, on the other hand, would translate to a drop to $0.00800. Losing this price level would further push the altcoin to $0.00718.
AIT Protocol (AIT)
AIT Protocol has been up by 41% over the last seven days, trading at $0.118 after failing to breach the resistance at $0.180. The drawdown slightly hurt the short-term profits of AIT holders.
The altcoin is now facing the barrier at $0.133, breaching which is imperative to reclaim the losses noted this week. Rising back to $0.180 would also warrant investors to refrain from booking profits.
Read more: Top 9 Artificial Intelligence (AI) Cryptocurrencies in 2024
However, if the AIT Protocol does not manage to rise past $0.133, a decline to $0.100 is likely. Falling below this will invalidate the bullish scenario.
Trusted
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
