Top AI Coins This Week: VIRTUAL, NOS, and DMTR Surge

This week, several AI-related coins have experienced remarkable price surges and a rise in investor enthusiasm. Leading the pack are Virtuals Protocol (VIRTUAL), NOSANA (NOS), and Dimitra (DMTR), which are the top performers.

VIRTUAL has surged by an impressive 199%, while NOS and DMTR have increased by 84% and 36%, respectively.

Virtuals Protocol (VIRTUAL)

VIRTUAL is the driving force behind Virtuals Protocol, a decentralized platform utilizing AI-powered virtual engagements. Currently trading at $0.304, it has marked a 199% increase over the last week, positioning it as one of the leading gainers in the AI coin sector.

BeInCrypto’s analysis of the VIRTUAL/USD one-day chart shows a pronounced bullish inclination for the altcoin. The dots representing the Parabolic Stop and Reverse (SAR) sit below its price, confirming that the asset is in an uptrend, suggesting potential further price increases.

Nonetheless, the market appears to be significantly overbought, as reflected by the token’s Relative Strength Index (RSI), which is currently at 92.36.

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The RSI is an indicator that assesses whether an asset is oversold or overbought, ranging from 0 to 100. Readings above 70 suggest overbought conditions, indicating a potential correction, while readings below 30 suggest oversold conditions that may rebound.

An RSI of 92.36 indicates that VIRTUAL is highly overbought and vulnerable to a price correction. If buyer momentum wanes, the price might retreat towards $0.23 for support. Should this level fail, VIRTUAL’s price could dip below $0.20.

NOSANA (NOS)

NOS, the native token of Nosana — a protocol using blockchain technology to provide on-demand GPU computing power — has surged by 84% in the past week, currently trading at $3.10.

The significant rise in NOS has pushed its price above the 20-day exponential moving average (EMA), reflecting its average price over the previous 20 days. When an asset’s price exceeds this important moving average, it indicates upward momentum, viewed by traders as a confirmation of a potential short-to-medium-term uptrend.

Should NOS continue its upward trajectory, it has the potential to break through the resistance level at $3.64 and aim for the four-month peak of $4.46. Conversely, a shift in market dynamics could lower the token’s price to $2.62, likely failing to hold at this level for support. If such a scenario unfolds, NOS’s price may further decline to $0.97.

Dimitra (DMTR)

DMTR is the token behind Dimitra, a blockchain platform utilizing AI technology to enhance agricultural practices. It has seen a 34% price increase in the last week, positioning it as one of the leading AI-related coins this week.

Indicators from its moving average convergence/divergence (MACD) confirm this optimistic perspective. Currently, the MACD line (blue) is situated above the signal line (orange) and the zero line.

This indicator monitors an asset’s price trends and momentum, helping to identify possible buy or sell signals. The current configuration suggests a strong bullish trend, indicating positive momentum as the asset remains in an uptrend.

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The altcoin currently trades at $0.12, marginally below the resistance level at $0.15. If the uptrend persists, DMTR may break past this resistance point and attempt to reach the next significant resistance at $0.18.

Should it succeed in crossing this threshold, DMTR could aim for $0.61. However, if this fails, DMTR’s price may retract to $0.05.