AI-Driven Cryptos Surge: CORE Up 32.45%, TAO 20.83%, FET 18%

This week, the cryptocurrency market experienced significant volatility, with AI-driven assets showing notable gains while other segments faced sharp losses. Core [CORE], Bittensor [TAO], and Artificial Superintelligence Alliance [FET] emerged as the top performers, highlighting the resilience of AI-focused cryptocurrencies in a bearish market.

Core [CORE] led the weekly gainers with a 32.45% surge, breaking through the $0.60 resistance level after two months of consolidation. Despite an initial bearish gap, the selling pressure was quickly absorbed, triggering a sharp rebound. However, caution is advised as overbought conditions begin to emerge, potentially signaling trend exhaustion. The 26% drop in trading volume supports this outlook, indicating a possible technical correction in the coming week.

Bittensor [TAO] also performed strongly, posting a 20.83% weekly surge to break through the key $300 resistance level. The asset initiated a relief rally following a retracement to pre-election support levels, confirmed by four consecutive bullish daily closes. The Relative Strength Index (RSI) shows a bullish divergence, suggesting underlying strength in buying pressure. From a macro perspective, this move reinforces the thesis of AI-native tokens outperforming in a risk-off environment, particularly as high-cap legacy assets consolidate or underperform.

Artificial Superintelligence Alliance [FET] logged an 18% weekly gain, placing it just behind TAO. The breakout above the $0.50 resistance confirms bullish continuation from a prior accumulation range. However, the token is still capped below the $0.60 macro supply zone, which could trigger a short-term mean reversion if bullish volume fails to expand. FET’s price structure reflects calculated accumulation, with daily candles showing tight-bodied bullish closes and volume spiking 103% to $124.5 million.

Beyond the leading performers, the broader market saw significant price action. Voxies [VOXEL] led the charge with an explosive 425% rally, outpacing the top 1,000 tokens in terms of price momentum. Lofi [LOFI] and NKN [NKN] trailed closely, posting impressive gains of 158% and 138%, respectively.

On the losing side, Mantra [OM] closed the week as the market’s worst performer, tumbling by a staggering 90.54% due to a sharp deleveraging event. The crash was triggered on April 13th, when OM collapsed from $6.35 to under $0.10 within a single session, marking a textbook case of a flash crash. Technically, OM broke through several key support levels with barely any buying interest, showing a clear breakdown in structure. The RSI dropped below 18, showing extreme overselling. Unless OM can recover and hold above the $0.20–$0.25 zone with stronger volume, the recent move looks more like a full reset than a short-term dip.

Movement [MOVE] experienced a 32.21% weekly decline, positioning it as the second-worst performer of the week. The week began with a breakdown below the critical $0.30 support level, signaling weakening demand. Given the absence of strong buyer absorption and a failure to establish a higher low, a strong reversal remains premature. Until $0.30 is reclaimed with significant volume, MOVE is at risk of further downside pressure.

Walrus [WAL] registered a 14.66% weekly retracement, sliding to $0.40 and ranking as the third-largest decliner over the past seven days. The correction effectively nullified prior upside momentum, reversing the gains from last week’s close at $0.52. However, a closer look at the 1D price structure suggests early signs of potential stabilization. WAL closed the week with an 11.08% intraday rebound, lifting to $0.41 at press time. The $0.38–$0.40 price band now acts as a key intraday support cluster. A sustained defense of this zone, ideally supported by rising OBV, could pave the way for sideways consolidation in the near term.

In the broader market, several tokens experienced notable price retracements. WayFinder [PROMPT] led the declines with a sharp 51% drawdown, followed by BabyIon [BABY] and deBridge [DBR], which saw pullbacks of 43.7% and 40%, respectively.

This week’s market analysis underscores the importance of strategic investment choices, particularly in a volatile environment. The performance of AI-focused tokens highlights a growing market trend towards assets that leverage artificial intelligence and blockchain technology. However, investors should remain cautious and conduct thorough due diligence before making any investment decisions.