- Smart money heavily accumulates AI tokens like AIXBT, AI16Z, and ARC, betting on their long-term growth.
- AIXBT’s bullish indicators suggest a potential breakout, with traders monitoring the $0.1312 resistance.
- ARC’s strong support level hints at a 135.3% rally if it maintains momentum.
Smart money investors are showing strong conviction in the future of artificial intelligence (AI) within the cryptocurrency market, heavily accumulating AI-focused tokens. Data indicates that AIXBT, AI16Z (now rebranded as ElizaOS), and ARC are dominating the portfolios of these sophisticated investors.
Despite the inherent volatility of the crypto market, the level of confidence in AI-driven projects remains high, suggesting the potential for further upward momentum.
Related: Defi’s New Brain? How AI Could Be Its Ultimate Upgrade
Which AI Crypto Tokens Are Attracting the Most Investment?
AIXBT, an AI tool for crypto analysis, is gaining traction. Trading on OKX at $0.1252, the token is up slightly. While the price is nearing the higher end of its recent range, the range itself has narrowed, indicating a period of consolidation.
Secondly, the Stochastics indicator shows a bullish cross at 68.68, indicating upward momentum. While short-term bullish signals exist, the overall trend remains uncertain. Traders are eyeing a breakout above the upper Bollinger Band for further confirmation. A drop below the middle band ($0.1121) could hint at a bearish reversal. Volume confirmation is therefore crucial for any potential move.
Meanwhile, ElizaOS, formerly AI16Z, is positioning itself as a new kind of investment group using AI and decentralized decision-making. This approach has caught the attention of institutional investors. Despite some price swings, ElizaOS is seeing a lot of activity on its blockchain.
Related: AIXBT Hits Record High with Whale Activity: $1 Target in Sight?
In the 1-hour chart, AI16Z is showing signs of a bounce at the local bottom. If it can break out of this channel, a retest of the $0.28 resistance is on the horizon.
Looking at a shorter timeframe chart, ElizaOS seems to be bouncing off a recent low. If it can break out of its current trading channel, a move back up to the $0.28 resistance level could be next.
ARC, on the other hand, has shown strong performance, breaking past resistance and holding steady at $0.068. Analysts are optimistic about its potential to climb further, with price targets of $0.094 and even $0.16 if it can maintain its current support. If support fails, however, the price could drop to $0.048.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
