[이주의 AI 코인 동향] PAAL, VOLT, ARKM

With Donald Trump’s victory in the 2024 US presidential election, the cryptocurrency market is showing a new upward trend, and AI coins are no exception. This week, these AI-focused tokens are experiencing notable price growth and investor interest.

In this analysis, we look at three AI coins that have experienced significant price gains this week.

PAAL AI (PAAL)

PAAL powers PAAL AI, a protocol that allows users to create personalized AI bots. It currently trades at $0.33, marking a 59% increase in price over the past week. Prices are currently at their highest since last August.

PAAL’s double-digit rise pushed its price above the 20-day exponential moving average (EMA). This indicates that the asset is experiencing upward momentum. Traders interpret this as a signal of a short- to medium-term upward trend.

PAAL price analysis. source: TradingView

If PAAL maintains its upward trend, its price could rise towards the $0.41 it reached in May. Conversely, increased selling pressure could nullify this positive outlook and cause the token’s price to plummet to $0.13.

VOLT

VOLT is a deflationary token based on the Ethereum network. It currently trades at $0.00000042, up 58% this week. The current price is at the price level recorded last June.

Currently, VOLT’s Balance of Purchase Index (BoP) measures the power of buyers and sellers in the market, and has a positive value of 0.20, indicating that buyers are dominant and pushing prices up.

If this trend continues, the price of VOLT will test the resistance level of $0.00000049. A successful breakout could push the token towards $0.00000057.

VOLT price analysis. source: TradingView

However, if profit-taking activity reemerges, this positive outlook could be nullified. A decrease in buying pressure could push the price of VOLT down to $0.00000023, and if this level is not maintained, the price could fall further, reaching $0.00000021.

Arkham

ARKM is a coin created by Arkham Intelligence, a blockchain analysis platform. It currently trades at $2.27, up 37% in the past week. It is currently showing a strong upward trend with a positive Elder-Ray index. Currently this index is 0.82.

The Elder-Ray index measures the power of buyers (bulls) and sellers (bears) in the market. When this value is positive, it usually means that buyers are stronger than sellers, indicating a positive mood in the market.

ARKM price analysis. source: TradingView

If demand for ARKM increases, its price could rise towards the long-term resistance level of $2.74. A break above this level could restore the yearly high of $3.99. Conversely, if downward pressure increases, the price may fall to $1.44.

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