Altseason Awakens? Select Coins Surge, Defying Market Gloom

• WLD bounced off $6.27, with the Fibonacci extension indicating a possible rise to $10.
• ARKM may rally beyond $2 while AGIX could rise as high as $1 in the short term.
• Selling pressure could send FET below $1 and STRK presented a sell signal.

In the last 24 hours, several altcoins have been making significant moves, indicating that the altseason could be approaching. Interestingly, most have been AI-themed tokens, which have a good chance of both pumping first and highest when the season comes to play.

Worldcoin (WLD)

Worldcoin’s (WLD) price has been increasing for the last seven days. However, Coin Editon’s recent article explained how the token was due for correction but would later rebound. According to the 4-hour WLD/USD chart, the prediction has come to pass.

Previously, WLD tapped a low of $6.27. But after the project’s co-founder posted “why not 8” on X, the price bounced off the lows and climbed to $8.40. 

In a highly bullish situation indications from the Fibonacci extension showed that  WLD could 

rise much higher. For instance,  the 0.618 Fib level was at $10.49, suggesting that the price could extend there in the short term.

Furthermore, the Chaikin Money Flow (CMF) was 0.19, indicating intense accumulation. If the accumulation continues, then the CMF reading might cross 0.20. Should this be the case, WLD could rise higher than $10. 

In the long run, the 3.618 Fib level showed that the price might rally toward $26. But that might only happen when altcoins are in in a full-blown bull run.

Arkham (ARKM)

Arkham (ARKM) bounced off the $1 support following OpenAI’s release of its text-to-video tool “Sora.” Since the launch, ARKM’s price has increased by 103%. On February 21, ARKM faced resistance at $1.13 as bulls tried to break through the level.

But after several attempts, the breach was successful with ARKM rising to $1.34. However, signals from the Bollinger Bands (BB) showed that the price might pull back. This was because the upper end of the BB had touched ARKM around $1.32.

Should this be the case, ARKM’s price might retrace toward $1.02. If it does, the Supertrend indicated that it could be a good entry. A rebound for ARKM could see the price increase toward $1.70. But if the market condition is extremely bullish, the price could jump higher than $2.

SingularityNET (AGIX)

Like other AI-themed tokens, Coin Edition’s prediction that AGIX would pump came to pass. At press time, AGIX’s price was $0.69. Furthermore, indications from the Exponential Moving Average (EMA) showed that the price could go higher.

As of this writing, the 20 EMA (blue) was at $0.55 while the 50 EMA (yellow) was at $0.47. This position suggests a bullish trend. But if AGIX breaks below the 9 EMA, the price might nosedive. However, this seemed unlikely as buying pressure has outrightly outweighed sellers.

If AGIX continues to maintain the bullish structure, the value could head to $1. However, if widespread profit-taking appears, the price could drop to $0.60 before it bounces.

Fetch.ai (FET)

Unlike other AI cryptocurrencies, Fetch.ai (FET) did not sail smoothly to new highs. One reason for this could be linked to the selling pressure it experienced on February 21. According to Spot On Chain, DWF Labs, a market maker, deposited 1 million FET to Binance. At that time, FET’s price was $0.954.

A look at the 4-hour FET/USD pair showed that the price dropped to 0.91 afterward. Later on, bulls pushed for an increase and eventually breached the $1.05 resistance. Although FET had recovered to $1.14, the Relative Strength Index (RSI) showed that the buying momentum was not solid.

As it stands, another round of selling pressure could pull the price below $1. Meanwhile, the Supertrend indicated a buy signal at $0.85. Therefore, prices between $0.85 and $0.90 could be good entries for FET before another rally comes.

StarkNet (STRK)

StarkNet (STRK) recently launched, and attracted a lot of controversy. Although the project rewarded its early adopters, most of the STRK airdrop recipients with a high number of tokens have been dumping.

For instance, Lookonchain revealed that Ethereum execution client “Nethermind” had sold a total of 3.41 million STRK. Consequently, STRK’s price plunged from $2.38 to $1.87.

In the meantime, the Money Flow Index (MFI) had dropped, indicating increasing capital outflow, Likewise, the Supertrend presented a sell signal at $2.06 on the 1-hour chart.

Should capital continue to leave STRK, the price might fall further to $1.65.However, if STRK bounces from $2.5 to $3, traders might consider buying the cryptocurrency.