Boost

Bittensor

AIOZ Network

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-boost-ai-altcoins-as-market-recovers/" data-wpel-link="internal">Investors Boost AI Altcoins as Market Recovers</a><br></p>
<p style="text-align: justify">As the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> begins to recover, <a href="https://futurearticles.co/openai-gpt-4o-vs-anthropic-claude-3-5-who-will-win-the-duel/" target="_blank" rel="noopener" data-wpel-link="exclude">AI</a> altcoins are gaining strength in their bull trend. Leading AI altcoins like AIOZ Network (AIOZ), Render (RNDR), and Bittensor (TAO) are showing significant daily gains and present a promising outlook for the coming month. Here are the best AI altcoins to invest in as the market recovers.</p> 
<h2 style="text-align: justify" id="strong-aioz-network-aioz-strong"><strong>AIOZ Network (AIOZ)</strong></h2> 
<p style="text-align: justify">Despite being in a descending channel on the daily chart, AIOZ Network’s current bull cycle suggests a potential trend reversal. The <a href="https://en.coin-turk.com/ondo-coin-reaches-all-time-high-price-level/" data-wpel-link="internal">altcoin</a>, supported at the $0.40 level, is moving from the support trend line towards the 200-day exponential moving average (EMA). This reversal undermines the 48-hour downtrend with a 21% rise.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-377695" src="https://coin-turk.com/wp-content/uploads/2024/08/Altcoin-AIOZ.png" alt="" width="1600" height="796"></p> 
<p style="text-align: justify">As buyers try to avoid a death cross between the 50-day EMA and the 200-day EMA, the AI altcoin is at a critical point. If the upward trend continues, AIOZ’s price is expected to reach the psychological level of $1.</p> 
<h2 style="text-align: justify" id="strong-render-rndr-strong"><strong>Render (RNDR)</strong></h2> 
<p style="text-align: justify">Contrary to general expectations, despite breaking the falling wedge formation, the market crash dropped Render’s price to $3.63. Retesting the broken trend line indicates a potential reversal opportunity. With the rise in the daily Relative Strength Index (RSI), RNDR’s oversold condition could lead to a relief rally.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-377694" src="https://coin-turk.com/wp-content/uploads/2024/08/Altcoin-RNDR.png" alt="" width="1600" height="796"></p> 
<p style="text-align: justify">However, the death cross between the 50-day EMA and the 200-day EMA still signals a bearish trend. The AI altcoin needs to surpass $268, corresponding to the 78.60 Fibonacci level. In a prolonged rally, it is expected to target the psychological level of $10, corresponding to the 23.60 Fibonacci level.</p> 
<h2 style="text-align: justify" id="strong-bittensor-tao-strong"><strong>Bittensor (TAO)</strong></h2> 
<p style="text-align: justify">Bittensor, which fell sharply from the $350 resistance, retreated to the $200 level with a double top formation. However, TAO maintains its strength with a morning star formation at the $200 level.</p> 
<p><img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-377693" src="https://coin-turk.com/wp-content/uploads/2024/08/Altcoin-TAO.png" alt="" width="1600" height="795"></p> 
<p style="text-align: justify">The AI altcoin, which recorded a 3.52% intraday increase, is rising with a three white soldiers formation and seems to target the $268 resistance at the 23.60 Fib level. An upward move could take the AI altcoin to the neckline of the double bottom formation at the $358 level.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-boost-ai-altcoins-as-market-recovers/" data-wpel-link="internal">Investors Boost AI Altcoins as Market Recovers</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-boost-ai-altcoins-as-market-recovers/" data-wpel-link="internal">Investors Boost AI Altcoins as Market Recovers</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Boost AI Altcoins as Market Recovers

Table of Contents

COINTURK NEWS

Other articles published on Aug 7, 2024

Bitcoin Investors Accumulate $23 Billion in a Month

What’s Next For Toncoin (TON) And Notcoin (NOT) As Bullish Sentiment Intensifies?

‘We’re About To Shake Up The Crypto World’ – Donald Trump Jr.

XRPL Foundation’s Future in Question: Ripple Provides Update

Layer 2 chains turn antifragile during market turbulence

DeFi Protocol Nexera Hacked for $1.5 Million Today

Join our free newsletter for daily crypto updates!