The post Is It Worth Buying Top AI Coins At An Almost 50% Discount? appeared first on Coinpedia Fintech News
Amidst the market crash fueled by the CPI reports and the tensions growing in East Asia, Bitcoin Halving seems to have lost the craze. With the altcoins under correction of more than 30%-40%, these AI coins are available at almost 50% discount.
With a major drop in the top AI coins like Fetch.AI, Singularity.NET and Worldcoin, the underlying potential is at test. Will the use-case driven coins regain the community strength to overcome the short-term intense correction?
Well, to answer this question and find out if it’s worth buying top AI coins at half the price, let’s have a look at their price analysis.
Will Fetch AI Coin Price Sustain Above $2?
Following the massive rally ending in March, the FET price forms an all-time high at $3.48. However, with a pullback phase aligning with the market crash, the AI coin price dropped 50% to test the $1.89 mark.
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Nevertheless, the underlying demand quickly led to a 14% jump last night. This makes the AI coin one of the best-recovering altcoins in the market. However, the altcoin has cracked below the 50D EMA despite the FET price resurfacing above the psychological mark of $2.
Currently, the FET price trades at $2.17, with an intraday drop of 2.51%, a minor pullback from last night’s bull run. Considering the intense underlying demand that is sustained and the market improvement in the coming days or weeks, Altcoin could see a better future.
A bullish reversal from $2.21 can drive the Fetch.AI price to break above $3.50. In such a case, the next potential target stands at $5. Hence, the FET token is worth buying in the ongoing bear phase with chances of a 2x surge.
Will Worldcoin Resurface Above $10?
Crashing under the psychological mark of $5, the Worldcoin price is under intense correction. The market value of this AI coin has dropped by almost 60% from its all-time high of $11.97. With this, the market cap drops under $1 Billion for Worldcoin.
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Following the bearish breakdown of $6.40, the WLD price quickly tests the next crucial support confluence. With a 20% drop in two days, the bullish dominance at the $4.68 and the 200D EMA is under test.
However, the underlying demand led to a 16.27% jump last night as the overall market resurfaces for a quick breath. As the brainchild of OpenAI’s maker Sam Altman, Worldcoin shows close links to the AI sector despite being a privacy/identity coin.
Nevertheless, a bounce back in the market sentiments can refuel the bull run for this AI coin. In such a case, the WLD price could rechallenge $10. Optimistically, it will lead to a jump beyond $12 and a new all-time high formation.
Will AGIX Price Survive This Bear Market?
With a bearish breakdown of an ascending triangle, the underlying gears in the AGIX token have shifted for a bearish ride. The AI coin has failed to survive above the confluence of the 50D EMA and the ascending trendline at the psychological support of $1.
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The breakdown rally crashes the AGIX price to the dynamic support of the 200D EMA around $0.63, leading to a lower price rejection. With this bounce back, the AGIX price regains 20% of its market cap and trades at $0.87.
As bears remain dominant in the daily chart, the AI coin shows minimal bullish reversal chances. However, the underlying change in the market teases a bounce back. In such a case, the altcoin could regain the $1 mark and hit a $1.50 breakout. Optimistically, the $2 psychological mark seems a potential target.
