Artificial Superintelligence Alliance (ASI) Artificial Superintelligence Alliance is formed from the collaboration of three individual AI tokens Fetch.ai, SingularityNet and Ocean Protocol. It is a platform that combines AI, machine learning and blockchain technology to create a decentralized network. It has a live market capitalization of $2.70 Billion and ranks 27th in the cryptoverse.
As evident from the daily chart, the long term trend outlook is bearish with some demand in the short term. The bulls are attempting for a recovery in the short term as the price has taken a rebound from the lower levels. The bears on the higher side have established their presence near the key 200 days EMA.
Now, a sustained move above the 200 day EMA at $1.38 would mark the end of a correction phase. At the time of writing, Both the RSI line and 14 day SMA line were placed in the upper half i.e. above the mean line suggesting a positive outlook in the short term.
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