Bitcoin (BTC) is testing the $69,000 mark again, while other cryptocurrencies are slowing down. However, AI-based altcoins and memecoins are continuing to rise steadily. Investors cautious of market volatility are closely observing these sectors for potential opportunities. Here are three AI altcoins showing promising signs of doubling in value based on recent price movements and technical analyses.

TAO Initiates a Strong Rally

One of the standout performers is TAO, the mainnet asset of Bittensor, which has broken out of a falling wedge formation after a corrective phase. This breakout resulted in a notable 32% increase over four days, supported by a series of bullish candlesticks. The altcoin is now eyeing the $500 level and forming a rounded bottom pattern, suggesting further potential gains. Based on Fibonacci retracement levels, TAO could potentially surpass $1,000, indicating a doubling in its current value.

AIOZ Network Shows Resilience

AIOZ, the mainnet asset of AIOZ Network, has maintained an upward trajectory following a double bottom formation with a breakout above $0.75. Currently trading at $0.88, the altcoin has surged 46% in the past three weeks. It is now challenging the 50% Fibonacci level, with potential targets set around $1.88 if the bullish trend persists.

NEAR Protocol Builds Momentum

NEAR, the mainnet asset of NEAR Protocol, has been steadily climbing within a positive channel, trading above $8. Over the past month, its price has increased by nearly 57%. According to Fibonacci analysis, NEAR could potentially target $16.20, reflecting a strong bullish trend and significant recent gains.

In conclusion, while Bitcoin tests higher levels, AI altcoins and memecoins are gaining attention with their substantial upward movements. Investors tracking these sectors are optimistic about the potential for further price appreciation in TAO, AIOZ, and NEAR based on recent technical indicators and market behavior.