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The artificial intelligence coin market has seen notable price movements this week, with three tokens recording gains of over 80%. Node AI (GPU) leads with a 93.77% increase, followed by PlatON Network (LAT) with 85.86% and LimeWire (LMWR) with an 84.33% increase.
These projects serve different purposes in the artificial intelligence space — Node AI provides computational resources, PlatON focuses on secure computing, and LimeWire provides intelligence-based content creation tools. artificial intelligence.
PlatON Network (LAT)
PlatON Network (LAT) stands out as one of the best-performing artificial intelligence coins, with a market capitalization of at least $100 million, posting an impressive 85.86% price increase over the past week.
The project focuses on providing secure computing capabilities through its open source platform.
From a technical analysis perspective, LAT is showing strong bullish signals with the EMA indicators, although the RSI at 77.8 could suggest that the asset is approaching overbought territory.
While continued momentum could push the price towards the $0.020 target, traders should be cautious as elevated RSI levels could stimulate a downside price correction. In such a scenario, LAT could retreat to test support levels at $0.011, with the possibility of a deeper decline to $0.0095 if selling pressure increases.
LimeWire (LMWR)
LMWR, has demonstrated significant momentum with a price increase of 84.33% over the past week. The platform defines itself as an artificial intelligence studio and social ecosystem, helping content creators leverage generative AI technology.
Despite recent gains, LMWR is still far from its 2023 all-time peak, with a current decline of 79.93%.
While the Token maintains its upward momentum, technical analysis suggests an increasing approach to short-term averages, which could signal an impending trend reversal.
Price action points to potential resistance at $0.48 if bullish momentum continues, although a decline could see LMWR test support at $0.32, with the possibility of a deeper decline. more than 0.21 USD.
NodeAI (GPU)
Node AI (GPU) has shown exceptional performance over the past week, recording a 93.77% price increase.
The project has established a foothold in the AI infrastructure space by building a marketplace that connects GPU node operators with users seeking computational resources for AI applications.
The token peaked at a peak price of $2.74 in April 2024, and the current market suggests continued growth potential. In that case, $2.45 is the next key resistance level. A break through this threshold could push GPUs towards setting new price records.
However, market participants should note the possibility of a trend reversal, which could trigger a decline towards support at $2, with the possibility of a deeper correction to $1,000. 4 USD, representing a 35% reduction from the current price.
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