The crypto market has experienced a mildly bearish week. Bitcoin and other altcoins, including Artificial Intelligence (AI) tokens, rallied initially but later crashed.
BeInCrypto has picked out the best-performing AI tokens in the last seven days, which defeated the bearish market.
Artificial Liquid Intelligence (ALI)
Leading the Artificial Intelligence token market, ALI emerged as the best-performing asset, noting a rise of 15.48%. Before the altcoin declined in the last three days, ALI was on track to breach the resistance at $0.012.
This level has been a key support floor in the past, and a breach and flip of this level would have led to further rally. The potential uptrend could send ALI to $0.0145, marking a month and a half high.
Read more: How Will Artificial Intelligence (AI) Transform Crypto?
However, the failed breach might continue the consolidation faced by the AI token, which holds above $0.008. A decline below this level is unlikely, but a fall would invalidate the bullish thesis.
Hooked Protocol (HOOK)
HOOK price, trading at $0.426, marked a near 15% rise in the last seven days. Witnessing a similar fate as ALI, the AI token failed to breach the local resistance of $0.513. This would have pushed the altcoin to breach the critical resistance of $0.600.
This level has been holding as a barrier level since mid-June, making it a two-month-old resistance. Closing above it and flipping it into support could initiate a bull run for the Artificial Intelligence token.
Read more: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?
But by the looks of it, the failed breach of $0.513 could lead to a test of the critical support floor of $0.314. This line also marks the all-time low for HOOK, and a decline below it would invalidate the bullish thesis.
Aperion (APRS)
Despite observing an almost 14% rise, Aperion (APRS) ranks at the bottom of this list, missing out slightly. Unlike the other two Artificial Intelligence tokens, APRS price did not attempt to breach its nearest resistance.
The altcoin’s rally stopped before it could test $0.306 as a resistance level. Currently changing hands at $0.264, the AI token is moving sideways. Consolidation in the bullish market generally tends to precede an uptrend, making a potential rally likely.
Read more: Top 9 Artificial Intelligence (AI) Cryptocurrencies in 2024
On the other hand, the bullish thesis could be invalidated if APRS falls below $0.172. This price marks an all-time low for the altcoin, established during the 46% decline in late July.
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.
Source: https://beincrypto.com/top-ai-crypto-second-week-august-2024/