The crypto markets witnessed a steep pullback in the past few days, which dragged the Bitcoin price below $54,000. Fortunately, the price triggered a V-shaped recovery in the next few days, which stabilised the entire market. In the meantime, the memecoins, the Solana ecosystem tokens and the AI tokens have been gaining significant strength. A couple of AI tokens are carrying huge potential in reaching the $20 billion market capitalization during the upcoming bull run.
Near Protocol (NEAR)
The Near Protocol price is approaching one of the pivotal resistance zones between $4.43 and $4.5 after the recent rebound. This has helped the token gain some strength as the bulls appear to be poised for a bullish breakout in the coming days. With this, the price is expected to initiate a 50% upswing, which may accumulate another $5 billion market cap.
The recent rebound has helped the token to form a double bottom pattern and is about to reclaim the levels back within the Gaussian Channel. Besides, the RSI remains elevated, forming consecutive higher highs and lows. Therefore, the NEAR price is believed to rise above the pivotal resistance level at $5.5 but only when the token surpasses the pivotal resistance zone mentioned above. With this, the token may reach the neckline of the W-shaped pattern and trigger a fresh bull run toward the previous highs.
Internet Computer (ICP)
The ICP price has remained stuck within a decessive range while the bulls have managed to hold the levels above the crucial support. The technicals remain in favor of the bulls and hence the price is believed to maintain a steep ascend and reach the interim resistance. However, the restricted volume remains a matter of concern, while the upcoming quarter is expected to trigger a fresh rise.
As seen in the above chart, the price remains stuck within a decisive symmetrical triangle. The bulls are trying hard to rise above the resistance zone between $8.5 and $9.09. Once these levels are achieved, then achieving a double-digit figure may be imminent. Meanwhile, the RSI rebounded from the lower support and hence a rise to the upper resistance could be imminent.
Artificial Superintelligence Alliance (FET)
FET price is displaying a huge possibility of a bullish reversal, as the bulls appear to be poised to break above the crucial range. The latest reversal has induced acute strength in the price but the bulls appear to have gotten weak. While the bullish continuation remains unclear, the technicals suggest the upper targets have been activated.
The daily chart of FET suggests the price is testing the neckline of the inverse head and shoulder pattern, suggesting a strong upswing could be on the horizon. The volume has increased to some extent, being in favour of the bulls. Besides, the on-balance volume (OBV) has begun to rise, suggesting a fresh rise is fast approaching. Once the neckline is broken, a rise close to $2 could be imminent.
