Artificial intelligence (AI) coins have seen strong movements in the last week of January, with some projects rebounding from recent lows and potentially bringing more gains in the first week of February.
MorpheusAI (MOR) surged 47% as it regained momentum in the AI sector, while Morphware (XMW) jumped 32%, fueled by expectations of a golden cross. Bittensor (TAO) climbed 19% after bouncing off its lowest level since September 2024.
MorpheusAI (MOR)
MorpheusAI is an Arbitrum-based network that calls itself the “first peer-to-peer network for general-purpose artificial intelligence.” Launched in May 2024, MOR, its native token, initially reached prices around $128 but saw a sharp decline after that.
Price Analysis for MOR. Source: TradingView.
MOR has gained 47% in the last seven days, pushing its market cap close to $100 million. It briefly touched $115 million yesterday before experiencing a slight correction, but momentum remains strong.
If the rally continues, MOR could retest $37 and potentially climb to $40 or even $45 for the first time since June 2024. However, if the trend reverses, MOR price could test support at $22, with a further drop to $16.2 if that level breaks.
Morphware (XMW)
Morphware is an Ethereum-based Layer 3 AI application that aims to provide a decentralized machine-learning platform.
XMW, its native token, has surged 32% in the last seven days, with a 26% jump in the last 24 hours, pushing its market cap to $75 million. Launched in September 2024, XMW reached an all-time high of $0.18 on December 12, 2024.
Price Analysis for XMW. Source: TradingView.
EMA lines suggest that XMW could soon form a golden cross, potentially pushing its price toward key resistance levels at $0.10 and $0.12.
However, if the trend reverses, the $0.082 support is crucial—losing it could send XMW down to $0.062.
Bittensor (TAO)
TAO is the biggest artificial intelligence crypto, with a market cap of around $3.8 billion, surpassing competitors like RENDER, FET, and VIRTUAL. It aims to create a decentralized machine-learning network using blockchain technology.
Price Analysis for TAO. Source: TradingView.
TAO price has gained 19% in the last seven days after hitting a low of $362 on January 23, its lowest level since September 2024. This recent bounce suggests growing interest as the AI crypto narrative recovers momentum.
EMA lines indicate that TAO could soon form a golden cross, potentially driving its price toward resistances at $480 and $498. If AI hype strengthens, TAO could surge to $521 or even $586. However, if the trend reverses, key supports at $458 and $435 must hold, or TAO could revisit $386 or $362.