The altcoin market surge that began last month has carried on into the first week of June, with three AI tokens making significant gains. TokenFi (TOKEN), HyperGPT (HGPT), and Bad Idea (BAD) all showed promising growth potential that is likely to continue over the weekend.
TOKEN, the token powering the TokenFi protocol, saw a price increase of over 27% in the past seven days, reaching $0.17 at the time of writing. Analysis of the daily chart revealed strong buying activity among TOKEN holders, with the Relative Strength Index (RSI) trending upwards at 70.43. If the bullish trend persists, TOKEN could surpass $0.17 and reach $0.183. However, if profit-taking continues and bears take control, the price may drop to $0.152.
HGPT, the native token of HyperGPT, a Web3 AI marketplace, experienced a 28% increase in value, trading at $0.07774. Demand for HGPT pushed its price above the 20-day Exponential Moving Average (EMA) on June 3, signaling a bullish trend and potential coin accumulation. With positive readings from the Directional Movement Index (DMI), HGPT could aim for $0.082 and try to reclaim its all-time high of $0.108.
Supported by the BAD token, Bad Idea saw a 24% increase in value last week, trading at $0.00000003035. The Chaikin Money Flow (CMF) indicator showed an uptrend above the zero line at 0.13, indicating market strength and potential for further price increases to $0.0000000032. However, if selling pressure rises, BAD could see a drop to $0.0000000029.
Investors should be cautious as cryptocurrencies are highly volatile and carry inherent risks. Conducting thorough research is essential before making any investment decisions.
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