The global AI token market is currently valued at $27.5 billion; however, it has recorded a decline of over 3% in just the past 24 hours.
Although most AI-related coins are currently 'cooling off', the recent approval by the U.S. government for major names like OpenAI, Google, and Anthropic to provide AI services to civil agencies has breathed new life into the entire industry.
Here are five standout AI tokens — not only catching attention due to their practical application potential but also because their price structures are opening up noteworthy investment opportunities.
Render (RENDER): Leading the wave of AI tokens?
Render is asserting its position as a platform providing decentralized GPU rendering power, amidst the booming demand for graphic processing due to increasingly complex AI models. Especially after Google ramped up its investments in AI, Render has garnered attention as a solution directly benefiting from the 'GPU shortage.'
As one of the few AI tokens benefiting directly from the massive demand for GPUs for AI training, RENDER has recorded an increase of nearly 9% over the past 30 days. This token has surged strongly from the support level of $3.34 and is currently stabilizing around the $3.54 area.
The next resistance levels according to the Fibonacci indicator are located at $3.66, $3.86, and $4.02, respectively. If the bulls maintain their upward momentum and the Chaikin Money Flow indicator crosses back above the threshold of 0, it is highly likely that RENDER will revisit the recent peak at $4.71.
However, in the short term, prices may continue to fluctuate within a range from $3.40 to $3.80 before establishing a clearer trend.
Fetch.ai (FET)
Fetch.ai is currently the core token of the Artificial Superintelligence Alliance (ASI), playing a central role in developing AI tools based on agent models. The official participation of OpenAI and Anthropic in the civil contract ecosystem is opening up significant opportunities for decentralized AI solutions like FET.
In terms of price movement, FET has just bounced back from the support zone of $0.63 and is currently trading around $0.647. Notably, selling pressure from the bears shows signs of weakening. If FET can break through the resistance level of $0.701, the prospect of rising to $0.779 and even $0.886 will be reinforced.
However, to maintain the upward momentum, the bulls need to successfully defend the critical support level of $0.63. If this price level is breached, expectations towards the $1 mark will have to be put on hold.
Ocean Protocol (OCEAN) also makes the list of top AI tokens.
Ocean Protocol is focusing on expanding access to and monetizing data — an increasingly important trend as government-backed AI applications are on the rise. The decentralized and trustless data-sharing solution proposed by Ocean could soon be recognized for its true potential.
Technically, OCEAN has decreased by about 3.4% over the past month but remains above the crucial support area at $0.274. Currently, the price is fluctuating around $0.289.
If the bulls can maintain control in this price range, the next resistance levels to overcome will be $0.30, $0.317, and the nearest peak at $0.39. Notably, above the $0.32 level is a liquidity void, meaning there is little significant resistance. Conversely, if the support level of $0.274 is lost, the downtrend could quickly push prices down to the $0.24 area.
Numerai (NMR)
Numerai is making its mark by combining traditional hedge fund strategies with the power of machine learning. In the context where both Anthropic and OpenAI are implementing competitive models among algorithms, the way Numerai encourages the community to contribute models through token rewards has helped NMR stand out amidst the wave of AI tokens.
Currently, NMR is trading around $8.19, attempting to hold the crucial support level at $8.14. The Money Flow Index (MFI) has recovered to nearly 46, reflecting that the cash flow is returning without entering an overbought state.
If the price exceeds $8.41, the next targets will be $8.63 and $9.54, respectively. In a strong breakout scenario, the $10 mark is entirely feasible. Conversely, if the price slips below $8.14, the downtrend could quickly pull NMR back to the $7.71 region.
Akash Network (AKT)
Akash Network is emerging as a highly promising option in the decentralized cloud computing space — at a time when the demand for alternatives to giants like Google Cloud or AWS is rapidly increasing, amidst a wave of AI application deployments led by the government.
With advantages in lower costs, high censorship resistance, and an architecture suited for deploying AI models, this project is attracting interest from both the technology community and investors.
Currently, the AKT token is trading around $1.16, attempting to hold the important support area at $1.11. If this area is breached, the price could quickly slide down to $0.98. On the other hand, if buying pressure increases again, the next Fibonacci targets will be $1.25 and $1.30, respectively.
A breakout above $1.40 will officially confirm a shift towards an upward trend. Although the market is currently in a neutral state, the price structure is leaning towards a positive scenario — especially if the recovery of the AI token group continues.
