Points
- AI-associated crypto assets have seen significant growth, with Palm AI, Lumerin, and Hash AI leading the gains.
- Bitcoin’s rise to $66,000 has positively impacted AI tokens.
- Palm AI saw a 106% increase, while Lumerin and Hash AI also posted substantial gains.
The third week of July 2024 has been remarkable for Artificial Intelligence （AI） associated crypto assets, thanks to bullish market cues. As Bitcoin surged past $66,000, AI tokens like Palm AI, Lumerin, and Hash AI experienced significant gains.
Beincrypto
Palm AI （PALM）
Palm AI has noted consistent growth, with green candlesticks throughout the week. This 106% increase has brought the token to trade at $0.54, flipping the $0.
42 resistance level into support. Currently, Palm AI is testing the resistance at $0.56. Flipping this into support could push the price towards $0.70. However, if the support at $0.42 is breached, the bullish trend might be invalidated, potentially leading to significant losses.
Beincrypto
Lumerin （LMR）
Lumerin has also performed well, registering a 104% rise. Despite some challenges, the AI token has almost reached $0.030. If the market cools down, Lumerin might lose the $0.198 support, causing the price to fall. However, if it maintains this support, it could avoid a significant drop and continue its upward trend.
Beincrypto
Hash AI （HASHAI）
Hash AI followed suit with a 93% rise, increasing from $0.000240 to $0.000800. If this trend continues, HASHAI could breach the $0.001000 mark. However, sustained consolidation at $0.001120 and $0.000225 is necessary to avoid a downturn. Successful consolidation could propel HASHAI to $0.001650.
Conclusion
The bullish market has significantly benefited AI-associated tokens, driven by Bitcoin’s rally. Investors should watch for key support and resistance levels to gauge future price movements.
解説
- Market Trends: AI tokens are benefiting from the broader market rally, indicating a strong correlation with Bitcoin’s performance.
- Support and Resistance: Monitoring these levels is crucial for predicting potential price movements and understanding market sentiment.
- Investor Sentiment: The positive trend in AI tokens suggests growing investor confidence in AI-related projects, reflecting broader interest in technological innovation.