AI-Driven Cryptocurrency Bittensor Becomes the Top Performer in the Market Is AI Coins Making a Strong Comeback?

Is AI Coins Making a Strong Comeback? The AI-powered cryptocurrency Bittensor (TAO) has turned bullish, and the TAO price is driving an upward trend. 

This article will delve into the latest TAO price movements and reveal a little-known low-cap gem that could be a huge boost in your summer trading. 

Bittensor (TAO), one of the leading AI coins, has turned bullish after a double-bottom support pattern, boosting traders' confidence. 

AI Crypto Turns Bullish, Bittensor Leads the Gains: Is AI Coins Making a Strong Comeback? 

This comes amid a broader recovery in AI coins, following significant losses earlier in the week after Jump Capital triggered a market-wide crypto crash on Monday. 

Looking at the AI space, it is one of the strongest performing projects in spring 2024 along with meme coins, RWA, and DePIN tokens, and top AI projects are undergoing a strong recovery. 

Among all AI coins, Bittensor stands out as the market leader and is the only top-tier coin in the space that has managed to keep rising for 7 days (TAO is up +2.93% for the current week). 

Other notable recoveries in the AI market include Render (RNDR), Akash Network (AKT), and Golem (GLM). 

However, with all the top coins on the rise in the last 24 hours, arguably one of the most promising crypto spaces of 2024 is making a strong comeback, and the market is expecting a bullish September. 

TAO Price Analysis: Bittensor Leads the AI Crypto Recovery – But What's Next for TAO? 

Currently, TAO is battling a major upside resistance layer, with Bittensor's market price at $297 (24-hour change of -1.3%). 

The small daily retracement occurred after Monday's crypto crash, with TAO price rebounding strongly by +98% back to the top of a long-term descending trading channel. 

With a strong performance, TAO was spotlight as the most popular AI coin in the market. However, it now faces a major test of resistance from the intersection of the descending trend line and the historical price level of $342. 

A break above this resistance would mark a bullish breakout, and if the overall crypto market recovers, it could rise quickly. 

This prospect should not be underestimated; The recent rally has seen TAO price regain its footing above the 20-day EMA support, fixing the price in a tight band between resistance and support. 

This signals a possible retest and hints that a breakout of Bittensor may be imminent. However, the upside is still limited by the historical price level of $490. 

Therefore, in a recovery market, quick gains may be more suitable for low-cap projects such as Base Dawgz. 

Base Dawgz: A multi-chain meme coin that attracts traders 

Base Dawgz raised more than $2.8 million in a successful presale. With its tiny market cap, Dawgz promises to be the next big launch on the Base blockchain with huge gains.