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Did you miss the Nvidia Price Rally? Crypto based AI Coins may soon follow Nvidia’s exceptional rise in price rally. Amid the recent correction in the crypto market, the digital assets associated with the Artificial intelligence (AI) project witnessed a significant downfall in the past few months.
Best Risk Reward Opportunities in AI Crypto Coins
However, the world continues to witness huge adoption of this technology in various fields indicating their market should experience a surge in the near future. Thus, interested buyers can look for investment opportunities in AI coins as they currently trading at a discount.
Also Read: AI Coins Are Ready To Enter Top 100 Cryptocurrencies; Time To Buy?
Graph (GRT): Wait And Watch!
Source- Tradingview
Amid the last 4-month correction, the Graph token price strictly rebounded between two converging trendlines of a triangle pattern. Under the influence of this pattern, the price action is getting squeezed narrow, and therefore, the coin holders may witness high volatility in the coming days.
However, with the prevailing trend bullish, the GRT price is more likely to breach the overhead trendline and offer traders a long entry opportunity. The potential breakout with the daily candle closing will accelerate the buying momentum and drive the prices 81% higher to hit a $0.232 peak.
SingularityNet (AGIX) Price Analysis: Good time to accumulate
Source- Tradingview
The SingularityNet coin (AGIX) price exhibiting signs of a potential rally, as it breaks out from the resistance trendline of a channel pattern. As of the current time, this altcoin is trading at $0.294, experiencing an intraday loss of 1.34%.
If the coin shows sustainability above the breached trendline, the buyers will obtain a solid launchpad and pave the way for a further price rally. In technical analysis, each swing high formed during the channel pattern development acts as a potential target.
Therefore, the post-breakout rally could surge the AGIX price to $0.366, followed by $0.45, and $0.588, registering a max gain of 98%.
Render Token (RNDR): Best Coin with Risk/Reward
Source- Tradingview
In the daily time frame chart, the Render Token shows the formation of a rounding bottom pattern which is a commonly observed set-up at the market bottoms. The new higher highs and lows in price action reflect the trend change according to Dow theory.
As of now, the RNDR price trades at $2.59 and is trying to obtain suitable support at the recently reclaimed horizontal resistance of $2.5-$2.49. If the buyers manage to defend this level, the coin could rise 28% higher to challenge a long-coming monthly resistance of $3.32.
A successful flip above this barrier could prolong the bullish recovery to $4.27, followed by $2.5, $6.5.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/top-3-ai-crypto-coins-that-may-follow-nvidia-price-rally-in-june-2023/