Top AI Crypto Coins to Invest in April 2023
The cryptocurrencies associated with artificial intelligence experienced a sudden popularity and price increase earlier this year, following the release of ChatGPT – an artificial intelligence chatbot developed by OpenAI. However, amid the recent correction in the crypto market, these coins are witnessing a significant correction that could offer a discount opportunity to interested traders. Below are some of the best AI-related tokens that could offer a strong bullish recovery in 2023.
Graph (GRT)
In the daily time frame chart, the Graph token price shows the formation of a cup and handle pattern. This famous bullish pattern is often spotted at market bottoms and can empower coin buyers to replenish bullish momentum.
As of now, the BRT price is forming the handle part of the pattern as shown above the chart and amid the increasing uncertainty in the market swing between the $0.16 and $0.13 levels. As of press time, the coin price is trading at $0.1385 and continues to move lower to retest $0.13.
If the buyers manage to maintain support above $0.13 or $0.108, the influence of the aforementioned bullish pattern should push the coin price above the $0.21 barrier.
SingularityNET(AGIX)
Amid the ongoing uncertainty in the market, the falling AGIX price turned sideways above local support at $0.386-$0.36. Currently, the coin price resonates between the buy climax of $0.45 and the sell climax of $0.386.
Despite this consolidation, a higher high rally in the daily RSI slope indicates growth in underlying bullish momentum and a better opportunity for the AGXI price to breach $0.45. This breakout may encourage the coin buyers to push the $0.55 price barrier.
Also Read: Best Crypto AI Trading Bots for 2023
Render Token (RNDR)
For nearly two months, the Render token has witnessed a sustained correction under the influence of a descending channel pattern. As of press time, RNDR was trading at the $1,285 mark and is showing signs of reversal at the pattern’s resistance trendline.
This rejection usually triggers another bearish cycle within the channel patterns that could break the recent lower low ($0.94) in the ongoing downtrend. Anyway, in theory, the descending channel provides a strong upside at the breakout of the resistance trendline.
Therefore, interested traders need to wait for a trendline break that could encourage a bull run to the $2.2 mark.
