• The possibility of FET reclaiming $2.4 seemed likely to happen.
• NEAR’s price increased by 5%, but a bigger rally might be around the corner.

As the market showed signs of recovery from the bloodbath that happened a few days ago, AI tokens also joined the trend. Top AI tokens such as Fetch.ai [FET], Render [RNDR], and NEAR Protocol [NEAR] painted their daily charts green.

However, while some of these tokens registered double-digit growth, the rest moved up marginally, considering last week’s loss. 

Top-performing AI tokens

The change in market sentiment allowed several AI tokens to gain bullish momentum. Thanks to that, AI tokens’ market capitalization increased by more than 7% in the last 24 hours.

Among the rest, FET was one of the most popular cryptos. The token’s price had surged by more than 11% in the last 24 hours. At press time, it was trading at $2.37 with a market cap of over $2 billion.

CryptoTony, a popular crypto analyst, recently posted a tweet mentioning that if FET manages to reclaim $2.4, investors might witness yet another bull rally.

To see whether that’s likely to happen, AMBCrypto analyzed its on-chain metrics.

An analysis of Santiment’s data revealed that buying pressure on FET was high. This was evident from the fact that its exchange outflow spiked sharply.

Its supply on exchanges also dropped, reflecting that investors were buying the AI token. Additionally, positive sentiment ar

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Author: Dipayan Mitra

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