Trump gives the green light for AI: Notable artificial intelligence tokens in the upcoming period

After a series of strong bullish days, the cryptocurrency tokens related to Artificial Intelligence (AI) unexpectedly turned to fall, amid the entire crypto market entering a correction phase. The stagnation of the altcoin trend has interrupted the bounce back of several prominent names such as Bittensor (TAO), Artificial Superintelligence Alliance (FET), and Internet Computer (ICP), forcing potential breakouts to be temporarily postponed.

Meanwhile, U.S. President Donald Trump signed three important executive orders on Wednesday, as part of the "U.S. AI Action Plan," aimed at promoting the domestic development of artificial intelligence technology.

Speaking at the AI summit held in Washington, Mr. Trump emphasized: "The U.S. is the leading country in the AI race, and as President, I declare that America will be the winning side."

As the United States strives to reinforce its leading position on the global AI technology map, AI tokens are becoming more noteworthy than ever — and they could be the key driver of the upcoming growth wave in the next altcoin season.

Bittensor stalls as bullish momentum weakens

As of the time of writing on Thursday, the price of Bittensor (TAO) has fallen by more than 1%, extending the adjustment trend after a 6% drop in Wednesday's trading session. Nevertheless, this AI token still maintains its position above the 200-day exponential moving average (EMA) and the important psychological support level of $400 on the daily chart.

Currently, TAO is testing the 61.8% Fibonacci retracement level at $422 — calculated from the peak of $748 ( on 5/12) to the bottom of $167 ( on 7/4). If it cannot close above this level, selling pressure may push the price back towards the 50-day EMA around $382.

Daily TAO/USDT Chart | Source: TradingViewOne notable positive signal is that last Sunday, the 50-day EMA crossed above the 200-day EMA, forming a "golden cross" – often viewed as a buy signal, particularly appealing to investors who are standing on the sidelines observing the market.

However, other technical indicators show caution. The MACD indicator is leaning towards a bearish trend, with the histogram narrowing. If the red histogram bars continue to appear below the 0 level, this could confirm a bearish reversal signal.

Meanwhile, the RSI indicator is at 57 and shows signs of reversing from the overbought zone, indicating that buying pressure is weakening.

To re-establish a bullish trend, TAO needs to break through the weekly peak at $461 and then the resistance level at $495 – a price area that was previously rejected on May 31. If it conquers these two levels, TAO could extend its bounce back to the Fibonacci 78.6% region at $543.

FET forms a bullish pattern, targeting $1

FET is down nearly 4% this week ( as of the time of writing ), when the price hit the Fibonacci 38.2% level at $0.834 — drawn from the peak of $3.48 on March 25 to the bottom of $0.34 on April 7. Technically, FET is approaching the breakout point of the "cup and handle" pattern, with the $0.834 level acting as a key resistance.

Investors should particularly watch whether FET can close the week above the $0.834 threshold — a signal that could open up a new bullish phase towards the 50% Fibonacci level at $1.09.

FET/USDT Weekly Chart | Source: TradingViewOn the weekly timeframe, the MACD indicator is gradually showing signs of bounce back as the MACD line and the signal line are both rising towards the 0 line. However, the RSI indicator remains neutral, oscillating around the 48 level — slightly below the balanced threshold of 50.

On the contrary, if FET weakens and falls below last week's low at $0.67, this token risks testing the strong support area around the June low at $0.54.

Internet Computer weakens, retesting the 100-day EMA

Internet Computer (ICP) is retreating, falling 2% on Thursday - extending the decline of 8% that began on Wednesday. After hitting the 200-day EMA at the $6.20 mark, ICP's bullish momentum suddenly stalled, wiping out the entire 9% increase recorded from last week - which was driven by the breakout above the downtrend line and the launch event of the CaffeineAI platform.

Currently, this AI token is testing the 100-day EMA and is approaching the previously broken resistance zone. Traders should be cautious: if ICP falls below the psychological level of $5, the recent breakout trend could be invalidated, leading to the risk of a deeper correction towards the support level of $4.50 – marked by the green line on the daily chart.

Daily ICP/USDT Chart | Source: TradingViewThe technical signals are also turning negative: the MACD indicator is approaching the bearish crossover point as the green histogram bars are fading. Meanwhile, the RSI is dropping to the neutral threshold of 50, reflecting a significant weakening of buying power after retreating from the overbought area.

In a positive scenario, if the market regains interest in the AI token group, ICP needs to successfully reclaim the 200-day EMA line to confirm a bullish trend. At that point, this token could aim for the 50% Fibonacci level at $8.07 – drawn from the peak of $15.57 established on December 7 to the bottom of $4.18 on April 7.

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