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.
Disclaimer
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