The post Is It a Good Time To Buy Bittensor(TAO), NEAR, ICP, The Top AI Coins? appeared first on Coinpedia Fintech News
The crypto market has remained resilient amid the war, and Bitcoin has recovered quickly from the red zone. Currently hovering near $ 70,000 USD, BTC has also boosted confidence in altcoins.
Following NVIDIA’s February earnings report, AI Crypto coins such as TAO, NEAR, ICP, RENDER, FET, and Virtuals have been volatile. It’s time to monitor how these Artificial Intelligence Coins might perform over the next few weeks.
Bittensor TAO
The flagship of AI Coins, Bittensor TAO, turned bullish in the last 2 days, as it flipped its resistance of $191 and made it a support now.
In the TAO/USDT 1D chart, we can see the asset has formed a clear symmetrical triangle pattern, moving towards a squeeze where a strong volatility surge is expected. At press time, TAO trades at $196.4, after losing its gain from the $207 zone.
The key technical region for TAO is at $204 to $208 a strong breakout above this will regain buyers’ confidence and increase liquidity. The RSI is at 55 with a direction towards and the MACD already printing bullish crossover. If the trend continues, we can see the crypto hitting $240 zone again.
In case of trend invalidation, TAO may slip and find support at 170–$175, with still a bullish structure.
NEAR protocol
NEAR/USDT Day chart shows how the AI coin lost its control below the $1.40 resistance and quickly experienced buyers’ entry. Near Coin printed a significant low at $0.841, building a short-term support at $1.1 now.
The chart also seen printing Cup and handle pattern that shows a bullish scenario, making an area for bulls to reclaim $1.40 again as strong support. The RSI has reclaimed the 50 zone and is moving flat.
Any Invalidation from here is still under the control of the $0.8 Support level.
Internet Computer (ICP)
This top AI coin, Internet Computer (ICP) surged nearly 16% after listing today on South Korea’s largest crypto exchange, Upbit. ICO jumped from $2.34 to $2.86, followed by corrections ahead.
ICP/USDT is on a daily chart, showing a long-term, continued downtrend. Just this year, it recorded a monthly high of $4.7 in January and currently trident $2.72, after the listing surge.
A confirmed breakout above the descending channel, followed by my higher highs and lows, will confirm the potential trend reversal.
