The altcoin market has continued its upward trend from the previous month, with three AI tokens making significant gains in the first week of June. These tokens are TokenFi (TOKEN), HyperGPT (HGPT), and Bad Idea (BAD), all showing potential for further growth over the weekend.
TOKEN Chart Analysis
TOKEN is the driving force behind TokenFi, a platform that enables users to create tokens or tokenize real-world assets. Over the past week, TOKEN’s price surged by more than 27%, reaching $0.17 at the time of this report. For the latest financial and business news, visit COINTURK FINANCE.
A review of TOKEN’s price movements on the daily chart indicated a strong buying interest among TOKEN holders, with the Relative Strength Index (RSI) standing at 70.43 in an upward trend. If the bullish momentum persists, TOKEN could surpass $0.17 and reach $0.183. However, if profit-taking increases and bears take control, TOKEN might retrace some gains and drop to $0.152.
HGPT Chart Analysis
HGPT serves as the native token for HyperGPT, a Web3 AI marketplace, and emerged as the second most profitable AI cryptocurrency in the past week. Currently trading at $0.07774, HGPT saw a 28% increase in value during this period. The surge in demand for HGPT pushed its price above the 20-day Exponential Moving Average (EMA) on June 3, signaling a bullish trend.
The Directional Movement Index (DMI) for HGPT showed a rise in accumulation over recent days, with the positive directional index (green) surpassing the negative index (red). If this trend continues, HGPT could climb to $0.082 and aim to reclaim its previous all-time high of $0.108 from March 29.
Bad Idea Chart Analysis
Bad Idea is backed by the BAD token, which experienced a 24% increase in value last week. Currently trading at $0.00000003035, this altcoin showed an uptrend in the Chaikin Money Flow (CMF), sitting above the zero line at 0.13.
The CMF measures buying and selling pressure to track money flow in and out of the market. A value above zero indicates market strength, suggesting stronger buying pressure than selling pressure. If buyers sustain this momentum for BAD, its price could rise to $0.0000000032. Conversely, increased selling pressure could lead to a retracement to $0.0000000029.
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