AI Token Market Surge: Zignaly (ZIG), Aethir (ATH), and Artificial Superintelligent Alliance (ASI) Deserve Investors\' Attention

The Artificial Intelligence token space has surged considerably this year, and the beginning of Q3 witnessed a major event in this industry.

BeInCrypto has compiled a list of tokens that not only performed well during this bearish week but also deserve investors' attention.

Zignaly (ZIG)

Kicking off the list is Zignaly (ZIG), which performed the best among the AI tokens, adding 2.5% to its value. The crypto asset began the week with gains on Saturday and Sunday, which were then countered by a slight decline over the last four days.

As a result, ZIG is trading at $0.105 at the time of writing. It is attempting to close the week above crucial support at $0.105, which previously acted as resistance. If ZIG manages to secure this level as support, it could rally towards $0.112.

Failure to do so, however, would open the door to further potential losses for the token. In such a scenario, we can expect a drop to $0.093, which would also invalidate the bullish thesis.

Aethir (ATH)

Despite the strength of the broader market trends, the newly launched Aethir (ATH) token managed to largely shrug them off. Trading at $0.066, ATH’s price is looking at a consolidation that began forming after a downturn.

This consolidation range spans between $0.077 and $0.063 as the altcoin, which is still new to the space, aims to facilitate DePIN’s role as a GPU cloud computing aggregator, which has seen a lot of demand over the past few days, saving ATH from losses.

However, if ATH’s price were to drop below the support of $0.063 again, we can expect a further drawdown to $0.057. Losing this level would invalidate the consolidation thesis.

Artificial Superintelligent Alliance (ASI)

One of the biggest events in the AI sector this quarter is the merger of Ocean Protocol (OCEAN) and SingularityNET (AGIX) into Fetch.ai (FET), which will be completed in two phases. As part of this merger, the three projects will combine their tokens into a single token, which will trade under the FET ticker on major crypto exchanges.

This merger began this week and is expected to be completed by mid-July. Until then, the Artificial Superintelligent Alliance will trade under the FET ticker. This altcoin, which now holds a market capitalization of almost $3 billion, has become the second biggest asset in the AI token market.

However, the bullishness of the merger has been met with resistance from the broader market decline, causing FET to remain consolidated between $1.7 and $1.0.

Therefore, this consolidation will continue in the coming days until the merger is completed, and the resulting bullishness will help FET break out of it.

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