AI Coins That Are Rising in the First Week of October 2024
This week, DIA is up 47.79% along with the bullish EMA lines and its neutral RSI remains at 44.68. DEAI is up 14.05% and found strong support at $0.31, but is entering overbought territory with its RSI approaching around 70. LAMB is notable for its 87.5% increase and has ample growth potential before it reaches resistance with its RSI at 50.33.
The beginning of October is going lively with some popular artificial intelligence (AI) coins gaining attention. With their price performance and increasing investor interest, October is expected to be a notable month for the cryptocurrency market.
THERE
DIA is a developer of cross-chain brokers for Web3, offering services such as digital asset price feeds, adjustable NFT base prices, and multi-chain randomness. Over the past seven days, DIA has been the best performer among AI coins, rising 47.79%. Its price surged from $0.41 on September 29 to $0.92 on October 1, gaining 124% before retreating to $0.59.
Despite this pullback, the DIA’s Exponential Moving Averages (EMAs) are still bullish. The short-term EMAs remain above the long-term EMAs. This suggests that the bull trend is continuing, while the DIA’s Relative Strength Index (RSI) is currently at 44.68, indicating that it is neither overbought nor oversold and that there is still potential room for upside growth.
Zero1 Labs (DEAI)
DEAI is the token of Zero1 Labs, which focuses on developing decentralized AI applications. The platform includes the DeAI toolkit, API, and dApp Store. DEAI price rose 14.05% last week to $0.41. The EMA lines indicate a strong bull market, while the short-term lines are above all the long-term lines, indicating that this uptrend is sustainable.
DEAI is currently at a support level of $0.31, with the next resistance level at $0.43. The Relative Strength Index (RSI) is at 61.41, suggesting that it still offers growth potential as it approaches the overbought threshold of 70. However, momentum is approaching the overbought territory, suggesting that gains could slow or a correction could occur.
Lambda (LAMB)
LAMB is the coin of Lambda, which is described as “the leading multi-chain modular storage” and supports DeFi and AI applications. The LAMB price increased by 87.5%, from $0.0016 on September 27 to $0.0030 on September 30, with the momentum it received from DIA and DEAI. It later dropped to $0.0023, but the price chart still shows growth potential in the coming days.
Although LAMB’s EMA lines continue to point to a bull market, the distance between the short-term lines is not as wide as before, which could indicate that the current uptrend is weakening. LAMB’s RSI value is at 50.33, which suggests that the asset is in a neutral position and is not feeling excessive buying pressure.
To sum up, if the current uptrend continues, LAMB could soon retest the $0.0030 resistance level, which could present a 32% upside opportunity. With the RSI reading in the middle, there is potential for more upside momentum ahead of a significant resistance.
