Top 3 Artificial Intelligence (AI) Coins of the Fourth Week of October 2024

Virtual Price Analysis. Source: TradingView

The RSI measures an asset’s oversold and overbought conditions, ranging from 0 to 100. Values above 70 suggest that an asset is overbought and may be due for a correction, while values below 30 indicate that it is oversold and likely to experience a rebound.

An RSI reading of 92.36 signifies that VIRTUAL is significantly overbought and at risk of a price correction. Should buyer exhaustion set in, the price could drop toward $0.23 to find support. If this level fails to hold, VIRTUAL’s price may fall below $0.20.

NOSANA (NOS)

NOS,the native token of Nosana — a protocol that leverages blockchain technology to provide on-demand access to GPU computing power — has seen its value climb by 84% over the past seven days. At press time, this AI-based token trades at $3.10.

NOS’ double-digit spike has pushed its price above the 20-day exponential moving average (EMA), which measures its average closing price over the past 20 days. When an asset’s price is above this key moving average, it is experiencing upward momentum. Traders view this as a confirmation of a short-to-medium-term uptrend.

Nosana Price Analysis. Source: TradingView

If NOS maintains its uptrend, its price will break above the resistance formed at $3.64 and climb toward the four-month high of $4.46. However, a shift in market trend could drive the token’s price down to $2.62, likely failing to hold this level as support. Should this occur, NOS’s price may drop further to $0.97.

Dimitra (DMTR)

DMTR powers Dimitra, a blockchain-based platform that leverages AI technology to help the agriculture business. Its price has climbed 34% over the past seven days, making it one of the top AI coins this week.

Readings from its moving average convergence/divergence (MACD) confirm this bullish outlook. At the time of writing, the coin’s MACD line (blue) sits above both the signal line (orange) and the zero line.

This indicator tracks an asset’s price trends and momentum and identifies potential buy or sell signals. When set up this way, it indicates a strong bullish trend. It suggests that overall momentum is positive and the asset is in an uptrend.