Artificial intelligence coins are at the top: TAO and FET are rapidly gaining value!

Artificial intelligence coins that lagged behind the market throughout November started to recover on the last day of the month. Leading the rise of AI tokens, which surpassed the resistance level that has not been overcome since March, is Bittensor (TAO), along with Artificial Superintelligence Alliance (FET), which tested the highest peak in the last five months.

The artificial intelligence sector has shown significant growth in the past year.

In 2024, one of the fastest growing crypto sectors was AI tokens. The market, which grew by 80% in the first half of the year, reached 55 billion dollars according to CMC data until November. Crypto analyst Miles Deutscher also expressed a similar view in a recent series of X posts, stating that the AI sector grew to 50 billion dollars between 2023-24.

AI industry growth rate Source: The analyst also noted that the AI token industry, which is expected to exceed $826 billion by 2030, will start to gain greater and greater importance.

FET and TAO achieved double-digit gains

The tokens showing the best performance among artificial intelligence coins currently are FET and TAO. Bittensor (TAO) has risen by more than 10% in the last 24 hours, exceeding $670. Leading the market, TAO's technical chart indicates that the Average Directional Index (ADX) is moving upwards, signaling a strengthening trend.

TAO's 1-week chart Source: CGRelative Strength Index (RSI) is at 71 level and in overbought zone. If TAO price manages to hold above 670 dollars, it can move towards 680 dollars, which can help the altcoin gain momentum towards the 700 dollar level.

FET token has risen more than 15% in the last 24 hours and is currently trading at 1.90 dollars. The artificial intelligence coin is testing its highest level since May, and the price, which has been trading below the Simple Moving Average (SMA) since July, has strengthened the bullish signal by rising above the 200 SMA.

FET 1-week chart Source: CGTeknik graph, Average Directional Index (ADX) indicates a strengthening trend with upward movement. Relative Strength Index (RSI) shows increased investor interest in the overbought zone at 71 level. Finally, if FET price holds above $1.90, it may move towards $2 and then towards a resistance level of $2.3.

The information in the text is purely for informational purposes. It does not constitute any investment advice. Kriptoparahaber.com is not responsible for any profit or loss arising from your investments. Ultimately, investment depends on many factors such as knowledge, experience, research, and personal decisions.

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