Major AI Coins Have Bounced on Local Support, Says Crypto Rand
- Rand mentioned that these coins are moving closer to the main resistance downtrend.
- The trader indexed GRT, AGIX, FET, and OCEAN for the analysis.
Trader and investor Crypto Rand recently dropped a tweet on the AI index. He stated that the AI index has bounced on local support. Rand also added that it is moving closer to the main resistance downtrend, in for a final squeeze.
Rand mentioned that the coins that he indexed for the analysis are The Graph (GRT), SingularityNet (AGIX), Fetch.ai (FET), and Ocean Protocol (OCEAN).
GRT is trading at $0.1415 at press time, with a 2% drop in value over the last 24 hours. The coin has touched a 24-hour high of $0.1466 and a low of $0.1403. AGIX is trading at $0.4069 at press time, with a 2.66% drop in value over the last 24 hours. The coin has touched a 24-hour high of $0.4018 and a low of $0.4204.
CoinMarketCap data reveals that FET is down 3.18% in the last 24 hours and is trading at $0.359. The coin has touched a 24-hour high of $0.3563 and a low of $0.373. OCEAN is so far down in the last 24 hours, dropping 2.69%. The coin is trading at $0.3402 after touching a 4-hour high of $0.3517.
The Artificial Intelligence coins have gained popularity and value ever since ChatGPT rose to prominence. The AI coins even exhibited three-digit gains in February as a result of the AI bot’s popularity.
With new developments happening in the AI realm, the value and price of AI coins are likely to rise. The AI industry is growing thanks to numerous AI-powered projects aimed at making human life easier.