This week, a number of AI-focused coins have seen notable price increases and a surge in investor interest. Virtuals Protocol (VIRTUAL), NOSANA (NOS), and Dimitra (DMTR) lead as the top gainers.

VIRTUAL has skyrocketed by 199%, while NOS and DMTR have climbed by 84% and 36%, respectively.

Virtuals Protocol (VIRTUAL)

VIRTUAL powers Virtuals Protocol, a decentralized platform that harnesses AI-driven virtual interactions. Currently trading at $0.304, it has seen a 199% price surge over the past seven days to become one of the top gainers among AI coins.

BeInCrypto’s assessment of the VIRTUAL/USD one-day chart reveals the current significant bullish bias that the altcoin enjoys. For example, the dots that up its Parabolic Stop and Reverse (SAR) rest below its price as of this writing. This confirms that the asset is in an uptrend, and further price gains are likely.

However, the market is considerably overheated, as indicated by the token’s Relative Strength Index (RSI), which currently stands at 92.36.

Read more: How To Invest in Artificial Intelligence (AI) Cryptocurrencies?

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 technolog

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Author: Abiodun Oladokun