Market highlights this week: AI16Z, FET, and VIRTUAL recorded positive recovery signals.

Artificial Intelligence-related tokens are (AI) emerging as top contenders for the next wave of crypto market growth, after ai16z (AI16Z) recorded a sharp 14% increase in the last 24 hours (tính at the time of bài) writing. Although the price fluctuations of other projects are modest, both the Artificial Superintelligence Alliance (FET) and Virtuals Protocol (VIRTUAL) have sent positive recovery signals, contributing to stimulating investors' interest in this potential new technology segment.

AI16Z maintains a rise to the sky trend

After a surge of over 12% on Sunday, the ai16z token is currently trading around $0.2461 on Monday, despite a slight correction of nearly 3% during the day. On the 4-hour timeframe, the price is forming a sharp V-shaped recovery pattern — a signal that the bullish trend may not be over yet.

Since the bottom level of $0.1036 on April 9, AI16Z has climbed 275% to reach a peak of $0.3891 on May 12, before sharply correcting to $0.1982. The current recovery, with a rise of 20% over the past weekend, seems to have concluded the short-term correction phase.

The AI16Z/USDT chart on the 4-hour timeframe | Source: TradingViewTechnical indicators continue to reinforce a positive outlook: the MACD line has crossed above the signal line, creating a bullish crossover – often a sign that the upward momentum is gaining strength.

The price has also surpassed the 50% Fibonacci retracement level at $0.2464, from the entire 275% gain, thereby confirming that the recovery trend is still being maintained. The next target for the bulls is now the 23.6% Fibonacci zone at $0.3217. However, to reach this mark, ai16z needs to conquer the two closest resistances, the 50-period EMA at $0.2613 and the 200-period EMA at $0.2749.

On the contrary, the most important support level currently lies at $0.2127 – coinciding with the 61.8% Fibonacci retracement zone – serving as a key support point if the price reverses for a correction.

FET recovers, aiming to break through important dynamic resistance

At the time of writing, FET is trading around $0.767, up 4% in the last 24 hours. This move reflects a positive recovery from the important support area at $0.717, as the entire crypto market shows signs of improvement over the weekend.

However, the current price of FET is still being held back below the 200-period EMA moving average at $0.776 — an important short-term resistance level. Previously, the token experienced a strong correction, dropping from $0.9130 to $0.717 in just one week, causing the 50 EMA to cross below the 100 EMA, implying that the upward momentum is gradually weakening in the short term.

FET/USDT chart on the 4-hour timeframe | Source: TradingViewHowever, positive signals have started to emerge again. The MACD line has just crossed above the signal line, triggering a bullish crossover pattern — indicating that the bulls are regaining control and may sustain the recovery momentum in the near future.

Technically, the nearest resistance level to watch is $0.797 — a price area that has repeatedly topped since April 27. If this level is decisively surpassed, FET has the potential to extend its upward momentum towards the next resistance area around $0.907.

On the contrary, in the event that selling pressure returns, the $0.717 area will continue to serve as the main support, with a lower support level at $0.639.

VIRTUAL Protocol faces challenges with price rise in the upward channel model

Virtuals Protocol is moving within a gradually rising parallel channel on the 4-hour time frame, indicating a stable upward trend is gradually forming. The upper trend line is established by the peaks on May 8 and 27, while the bottoms on April 26, early May, and May 7 and 31 create the parallel support line below.

Currently, this altcoin is accumulating near the lower edge of the rising channel and facing pressure from the 50-period EMA at the level of $2.09. In the context of the price preparing to bounce from the support line, the MACD indicator has also just crossed above the signal line in the negative region, indicating that the recovery momentum is gradually picking up.

VIRTUAL/USDT chart 4-hour | Source: TradingViewIf it successfully breaks through the 50-period EMA, the price may aim for the next resistance area around the peak of $2.37 – set on May 29.

On the contrary, the 200-period EMA at $1.83 acts as a key support level, coinciding with the uptrend line. If the price breaks and closes below this level, the downtrend may be reactivated, with a potential target being the bottom of $1.65 – corresponding to the low on May 17.

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