Bittensor maintains a bullish stance above key moving averages,Cardano price prediction Reddit with potential for a breakout above $400.
Akash Network breaks its downtrend but faces resistance near the 200-day EMA, signaling a critical juncture.
Saros consolidates after a sharp rally, with traders watching for continuation signals.
As Bitcoin (BTC) stabilizes above $94,000, the broader cryptocurrency market remains in a consolidation phase. However, select AI-driven tokens—Bittensor (TAO), Akash Network (AKT), and Saros (SAROS)—have demonstrated notable resilience over the past 24 hours. This trend follows heightened interest in AI and blockchain convergence, underscored by recent high-profile engagements in the sector.
Earlier this week, U.S. President Donald Trump attended a private gathering dubbed the 'Crypto & AI Innovators Dinner,' hosted by MAGA Inc. According to reports, the event highlighted the administration's focus on fostering innovation within these rapidly evolving industries. A follow-up event is scheduled later this month, further emphasizing the growing intersection of AI and decentralized technologies.
Bittensor (TAO): Holding Strong Above Key Support Levels
Bittensor, a decentralized network enabling collaborative machine learning, has seen its native token TAO trade at $366 at press time. Despite a minor 3% dip on the day, the token retains most of its recent gains, reflecting sustained investor interest.
Over the past month, TAO has surged by 68%, recovering from earlier market turbulence. The token's ability to hold above critical moving averages—including the 50-day, 100-day, and 200-day EMAs—suggests underlying strength. A decisive move past $390 could pave the way for a retest of the $400 resistance zone.
Technical indicators, however, hint at short-term caution. The Relative Strength Index (RSI) has retreated from overbought territory, indicating potential consolidation or a minor pullback. Key support levels to watch include the 100-day EMA at $328 and the 50-day EMA at $310, which may serve as accumulation zones before the next upward leg.
Akash Network (AKT): Breaking Free From Downtrend
Akash Network, a decentralized cloud computing platform, has seen its token AKT trade at $1.63, down 4% on the day. Despite the pullback, the token has successfully broken a prolonged downtrend, signaling a potential shift in momentum.
Currently, AKT faces resistance near the 200-day EMA at $2.00, a level that has historically acted as a supply zone. A decisive breakout above this barrier could trigger a 20% rally toward $2.50. On the downside, the 100-day EMA at $1.60 serves as immediate support, with the 50-day EMA at $1.34 acting as a secondary safety net.
Saros (SAROS): Taking a Breather After Strong Rally
Saros has been one of the standout performers in its sector, with its token SAROS trading at $0.14 after a recent surge to $0.16. The token has gained approximately 17.5% over the past two weeks, outpacing many peers.
While the uptrend remains intact, the RSI on the 8-hour chart sits at 70, indicating overbought conditions. This suggests a potential cooling-off period or minor retracement. A dip toward $0.14 could present a buying opportunity for traders anticipating a resumption of the uptrend, with $0.20 as the next key target.
In summary, while the broader market consolidates, AI-focused tokens continue to attract attention. Bittensor, Akash Network, and Saros each present unique technical setups, offering traders and investors varied opportunities in this evolving segment of the crypto market.
