Bittensor and Near Protocol offer bullish signals as sentiment generally improves in the broader crypto market.
BingX, the 30th-largest cryptocurrency exchange with an average daily trading volume of $1.4 billion, has launched AI Master, describing it as the world’s first Artificial Intelligence (AI) strategist.
The launch of AI Master is part of the exchange’s goal of building tools and features that make digital assets trading more intelligent, accessible and user-focused.
BingX stated on Wednesday that AI Master is an end-to-end system, capable of generating ideas, executing orders, and reviewing outcomes with full transparency.
The platform leverages the strategies of the top five digital investors, utilizing advanced AI optimization to ensure relevance for both novice and experienced traders. Key features of AI Masters include intelligent strategies, timely investment alerts, AI-driven backtesting, order execution and AI-guided reviews.
“BingX AI Master is not just a trading tool – it’s a trading strategist designed to bring clarity, discipline, and confidence to every user’s journey,” Vivien Lin, chief product officer at BingX, said.
Meanwhile, interest in AI tokens is gaining momentum, evidenced by the sector’s total market capitalization increasing over 2% in the last 24 hours to $31 billion. The launch of BingX’s AI Master could boost demand for tokens at the intersection of artificial intelligence and blockchain technology.
Near Protocol (NEAR) and Bittensor (TAO) are the largest AI tokens, boasting a market share of $3.3 billion and $3.2 billion, respectively.
Near Protocol holds above support at $2.61 after facing a rejection due to the supply zone at $2.79. The brief correction followed a spike in volatility in the broader cryptocurrency market on Tuesday, which saw Bitcoin (BTC) trim its gains toward the $110,000 round-number support.
If the pullback extends below $2.60, the Moving Average Convergence Divergence (MACD) indicator could validate a sell signal as the blue line crosses below the red signal line.
A sharp decline in the Relative Strength Index (RSI) from 85 to 62, indicating cooling bullish momentum, suggests a shift from highly overbought conditions. Other key levels to monitor include the 200-period Exponential Moving Average (EMA) at $2.53 and the 100-period EMA at $2.50 on the 4-hour chart, all of which could serve as tentative support levels in case of an extended correction.
Still, traders should temper their bearish expectations considering a falling wedge pattern breakout, with a 21% target to $2.96. The presence of a Golden Cross pattern, formed when the 50-period EMA crossed above the 100-period EMA earlier in the day, supports a potential short-term rebound, which could reinforce the bullish outlook toward the $2.96 breakout target.
As for Bittensor, sellers have recently regained control, pushing the price below the 200-period EMA support-turned-resistance at $342. A falling wedge pattern breakout on Sunday had projected a 23% increase to $398. However, profit-taking and heightened volatility in the market have left TAO vulnerable to overhead pressure.
The 100-period EMA at $331 provides the immediate support backed by the 50-period EMA at $329. A breakout above the 200-period EMA resistance at $342 will go a long way to affirm the bullish grip and increase the probability of TAO rising to tag the falling wedge pattern breakout target at $398.
