Artificial intelligence (AI) tokens are making waves, with Humans.ai (HEART), VIRTUAL Protocol, and DIA emerging as the top gainers among AI coins in the third week of October. HEART has surged 88%, while VIRTUAL and DIA are up 76% and 21.67%, respectively.
Each project offers unique contributions to AI and blockchain technology, fueling investor interest. However, chart indicators suggest caution, with key resistance levels and overbought conditions potentially impacting future movements.
Humans AI (HEART)
Humans.ai (HEART) has surged 88% in the past week, positioning itself as the biggest gainer among AI-related coins with a market cap of at least $100 million. The project is building a comprehensive platform for large-scale AI creation and governance.
Chart analysis suggests that HEART could continue its upward trend, as indicated by its EMA (Exponential Moving Average) lines forming a bullish pattern. The next key resistance levels are at $0.026 and $0.031, and breaking through these could see HEART rise further to $0.040, representing a potential doubling in price.
Read more: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?
However, its RSI (Relative Strength Indicator) currently stands at 73.61, indicating that the asset is approaching overbought conditions, which may lead to a correction. In the event of a reversal, HEART has established support around $0.016, and if that level doesn’t hold, it could drop further to supports at $0.010 or even $0.007, which would mean a correction of up to 65% from current levels.
Virtual Protocol (VIRTUAL)
VIRTUAL Protocol (VIRTUAL) has experienced a 76% surge in the past seven days, becoming one of the top gainers among artificial intelligence coins. The project is a decentralized platform that facilitates the development and monetization of AI personas for virtual worlds, including games and metaverses.
Chart analysis indicates that VIRTUAL could sustain its upward momentum, as its EMA lines currently reflect a bullish trend. The next resistance level to watch is at $0.146, suggesting a possible 46% upside.
However, the current RSI of 64.29 signals that VIRTUAL is approaching overbought territory, which may limit further gains or trigger a temporary pullback. In case of a trend reversal, VIRTUAL has solid support at $0.073, which would represent a potential 27% correction from its current price.
DIA
And finally, DIA has risen 21.67% over the last week, showing notable strength in the market. DIA provides cross-chain oracle solutions for the Web3 ecosystem, offering a range of services, including price feeds for digital assets, custom floor price feeds for NFTs, and randomness for DeFi and GameFi applications.
Read more: How Will Artificial Intelligence (AI) Transform Crypto?
Chart analysis suggests that DIA could maintain its upward momentum, as indicated by the bullish alignment of its EMA lines. The next resistance levels are at $1.18 and $1.25. However, the narrowing distance between the EMA lines signals that bullish momentum may be weakening, and caution is warranted as it may hint at an upcoming consolidation or reversal.
Additionally, the RSI for DIA is currently at 59.55, indicating that it is not yet in overbought territory but could be approaching it, suggesting some room for further growth. If the trend turns, DIA has strong support at $0.72 and $0.66, but a break below these could lead to a further decline, potentially down to $0.569, representing a possible 44% price correction.
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.
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Tiago Amaral
https://beincrypto.com/ai-coins-third-week-october/
2024-10-19 12:00:00