AI Tokens Record Strong Bullish Recovery as Bitcoin Price Reclaims the $64k Mark

With the price of Bitcoin reclaiming the $64k mark during the early Asian trading hours, the Artificial Intelligence (AI) category has recorded a strong

As the price of Bitcoin (BTC) attempts to reclaim the $64k mark during the early Asian trading hours, the Artificial Intelligence (AI) category has recorded a strong bullish recovery. While the market leaders showcase a moderate price surge, the top AI tokens are outperforming in the market.

Related Reading | Artificial Intelligence Tokens Set For A Bullish Rally As Q1 Trends Re-emerge

Moreover, Turbo price from the AI category has surged double-digit with a trading volume of over $200 million. This price performance showcases a bullish recovery for the AI tokens after a bearish influence in the past few weeks.

With the current market sentiments and price movements, is the AI category on the path of experiencing a bullish rally similar to Q1 of this year? Let’s dive in to find out the top trending AI tokens and their price movements.

Bittensor Price Breaks Its Crucial Resistance!

The TAO price has shown bullish signs after a price surge of over 10% in the past 24 hours. It attempts to reclaim the $400 level after reaching a high of $431.09. Moreover, the AI token has surged ~50% over the past seven days and has a yearly return of 58.71%. This indicates a long-term bullish influence for the AI token in the market.

A glance at the 1D price chart of TAO/USD reveals a bullish trend. The Relative Strength Index (RSI) has breached its overbought range in the 1D time frame. Moreover, its average trendline displays a bullish curve in the TAO price chart. This suggests a bullish outlook for this AI token in the coming time.

TAO Price Chart – 1 Day Price movements for Bittensor (TAO) over the past 24 hours, 7 days, and year to date (YTD). Source: TradingView

On the other hand, the Bollinger Bands are expanding, indicating higher price volatility for Bittensor (TAO). If the bulls continue to maintain the price above its resistance level, we can expect the Bittensor token to test its upper high of $547.

Conversely, a bearish reversal could pull the price toward its low of $326 during the upcoming weeks.

Also read: Bittensor Price Prediction 2024 – 2030

AIOZ Price Hints A Bullish Reversal!

Amid increased bullish sentiment, the AIOZ price is on the verge of testing its important resistance level with an intraday jump of 4.98% and a trading volume of $6.060 million. Furthermore, this Artificial Intelligence (AI) token has recorded a 200% jump this year.

A look at the price chart of AIOZ/USD showcases a bullish trend with higher highs and higher lows. The Simple Moving Average (SMA) records a bullish crossover in the AIOZ Network price chart. Further, the MACD indicator has displayed a rising green histogram in the 1D time frame.

AIOZ Price Chart – 1 Day Price movements for AIOZ over the past 24 hours, 7 days, and year to interesting price points (YIP). Source: TradingView

This indicates that the price may continue gaining value in the coming time. On the other hand, the Bollinger Bands are expanding, suggesting higher price volatility for AIOZ crypto.

If the market continues to favor the bulls, this could result in the AIOZ crypto price heading toward its upper resistance level of $0.5935 this month. On the flip side, if the bears overpowered the bulls, the Bittensor token could plunge toward its crucial support of $0.270.

Also read: AIOZ Network Price Prediction 2024 – 2030

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