Breakout rally and AI Tokens FET and PHB tease 2x surge.

 

   This week, AI tokens are surging after memecoin and altcoin bull runs. In a bull market, these cheap altcoins offer break-even entry opportunities. Additionally, as the market recovers, the Fetch.AI and Phoenix brands are poised to enter another phase of recovery. Let's take a closer look at their price chart to determine the best options.

 

Will AI Token Phoenix Break the Trendline ?

    The price of PHB token shows a downward trend as can be seen on the 4H chart. However, the recent rally shows a strong breakout as it crossed the 50EMA and 23.60% Fibonacci retracement on the 4H chart.

   The price of the AI ​​token rose 20%, with an intraday gain of 4.36%, forming a continuous green candle. With the reversal of the cycle, the uptrend is ready to oppose the above resistance pattern. A strong surge of resistance could push the AI ​​token price to $3.12.

Will FET Token Surpass $2?

      On the bearish trending daily chart, the FET token is forming a bearish channel and has almost breached the $1 psychological level. Sudden V-shaped changes in AI tokens can cause severe failures in incoming channels.

   The sudden 41% rally pared last week's losses and retook the 200-day EMA and the $1.50 mark. Currently, the FET indicator is trading at $1.6570 with a daily gain of 9.99%, forming another bullish candle. 

According to the Fibonacci levels, the uptrend is near the 50% Fibonacci level and the 50D EMA. A breakout at this level can push the AI ​​signal out of the down channel. 

In this case, the increase in the price of the FET token can reach a peak of $3.20, which is almost 100%.