Top AI Tokens Continue Price Dip Reflecting Bearish Crypto Market

• Leading AI tokens have shown notable price dips in the last 24 hours as per CMC data. 
• The overall cryptocurrency sector has shown a 4.13% daily decline in market cap.

The global crypto market, in the past few weeks, has remained bearish despite persistent investor expectations for bullish turns. This struggle for price revival has been reflected in cryptocurrency’s different sectors. Notably, AI-related crypto tokens have factored in the market slump in their own prices. 

Moreover, leading cryptocurrencies such as Bitcoin and Ethereum have shown price dips which has resulted in the overall sector’s bearish trend. Some of the top AI tokens such as Near Protocol, Bittensor, and Arkham have shown significant price dips in both daily and weekly metrics. 

Near Protocol (NEAR) 

NEAR, the AI token of Near Protocol depicted a significant 5.89% dip in the last 24 hours. Additionally, the token hit a 27-day low of $3.551 momentarily during the past day. Zooming out, the token’s weekly price performance shows a 17.50% decline in market prices. At the beginning of the week, the token traded at a high of $4.544 before falling downwards. 

NEAR/USDT Daily Price Chart (Source: TradingView )

This downward trend is highlighted by the token’s 9-day MA standing above the price. The AI token’s bearish movement has also caused it to lean towards selling sentiments in the market with the RSI at 38.04. At the time of writing, the AI token was trading at $3.75 as per CMC data . 

Bittensor (TAO) 

Bittensor specializes in the machine learning sphere incorporating decentralization and web3 techniques into AI. The ecosystem’s token TAO is used in staking and community governance. This AI token recorded a 7.59% daily price decline, while its weekly dips are a more significant 19.35%. At the time of writing, TAO was trading at $252.9. 

TAO/USDT Daily Price Chart (Source: TradingView )

According to TradingView data , TAO recently experienced a bearish crossover in the 9-day and 21-day MA metrics. Additionally, the AI token also hit its weekly low at $238.3 in the last few hours. 

Arkham (ARKM) 

ARKM, the cryptocurrency token of on-chain AI data tracker Arkham Intelligence, also showed notable price dips over the last few weeks. The token’s RSI stands at 36.92 suggesting selling pressures in the AI-based cryptocurrency. Relatedly, ARKM recorded $101.59K in 24-hour liquidations. 

ARKM/USDT Daily Price Chart (Source: TradingView )

Additionally, the token’s short-term 9-day MA stands above the current price suggesting the bearish turn. Moreover, the token’s RSI stands at 36.70. Finally, the AI token has recorded a 19.80% price decline in the past week. At the time of writing, ARKM was trading at $0.945. 

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