Filecoin ($FIL), SingularityNET ($AGIX), and Fetch.ai ($FET) Continue to Hold After Last Week’s Pump – How High Can They Go?
AI-related projects like Filecoin, SingularityNET, and Fetch.ai hold high levels that were reached last week as buyers continue defending their positions.
The AI-based crypto sector saw a massive surge in February following the release of OpenAI’s Sora technology, injecting a new wave of optimism into ai-related projects.
As a result, AI-related infrastructure like Filecoin and AI-based projects like Fetch.ai exploded during February.
While the AI hype takes hold, traders are also turning their focus to other altcoins that are expected to follow next.
What you'll learn 👉
AI-Related Tokens Surge Following OpenAI’s Sora Product Release
AI-related tokens are surging following the release of OpenAI’s latest Sora technology, which allows users to make hyper-realistic videos from simple text-based prompts.
After a few months of lagging price action, the latest announcement from OpenAi sparked a new wave of optimism back into the AI sector, causing projects surrounding the AI sector to explode through the month.
With the newly revived optimism, traders are now looking to add to their bags and ride the AI wave higher, with Filecoin, SingularityNET, and Fetch.ai paving the way.
Filecoin Leads The Charge With Epic 85% Price Surge.
Decentralized peer-to-peer storage solution Fielcoin is leading the charge in AI-related pumps with the highest market cap in the sector.
Filecoin is touted as the perfect solution for AI companies to store their datasets and AI models in a secure, cost-efficient, and permissionless environment.
$FIL exploded following the launch of Sora, as it surged from a low just below $5.30 to reach as high as $8.51 last week;
The buyers have protected the $8.00 level as they defend their positions.
Looking ahead, the first resistance lies at $8.50. Above this, resistance is located at $9.15 (1.272 Fib Extension), $9.50 (2023 highs), $10, and $10.44 (1.618 Fib Extension).
On the other side, the first support below $8 lies at $7.67. This is followed by $7.13 (.382 Fib), $6.70 (.5 FIb), $6.25 (.618 Fib), and $6.
AI Projects: $AGIX and $FET See Remarkable Surges With Buyers Holding Levels
Direct AI projects like $AGIX and $FET also see remarkable surges and continue holding their highs.
$AGIX surged 200% from its February low to reach as high as $0.85 last week. The crypto has since dropped to $0.75 but is holding support;
Looking ahead, the first resistance lies at $0.8 and $0.85. This is followed by $0.92 and $1.02.
On the other side, support lies at $0.73, $0.7, $0.62, and $0.5.
$FET also witnessed an impressive 141% surge in February to reach a high above $1.20 last week;
Looking ahead, resistance for $FET lies at $1.16, $1.35 (1.272 Fib Extension), $1.44 (1.414 Fib Extension), $1.50, and $1.57.
Support lies at $1.00, $0.91 (.382 Fib), $0.8, $0.76, and $0.6.
What Other Tokens Are Going to Follow?
The AI-related sector isn’t the only one seeing significant traction this week. For example, the crypto airdrop sector also sees remarkable growth as traders search for the next best airdrop to launch.
In particular, Smog Token ($SMOG) excels in this sector as traders position themselves into the token to participate in its historical airdrop.
Smog Token ($SMOG) Continues Attracting Holders as Buyers Await Historic Airdrop.
The popularity of $SMOG continues rising as it attracts more holders as traders position themselves in the token to participate in what’s described as “the biggest SOL airdrop in history.”
The cryptocurrency allows users to buy and hold $SMOG to earn airdrop points to be eligible to receive an airdrop.
Users can also participate in quests in the Zealy campaign to accumulate more airdrop points.
The token launched on Jupiter DEX in early February and surged by over 3,000%.
It has since retraced from its highs but is holding the support at $0.05, provided by a .618 Fib Retracement – demonstrating that buyers are keen to defend the level;
Smog Token also recently launched on the Ethereum blockchain, providing another route to get positioned in the token.
The best place to buy $SMOG is through the project’s website, which provides a 10% discount for OTC purchases using $ETH, $USDT, or credit/debit cards. It can also be purchased on Jupiter DEX using $SOL.
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