Why These Altcoins Are Trending Today — January 10

Altcoins like Cookie DAO (COOKIE), aixbt by Virtuals (AIXBT), and ChainGPT (CGPT) are grabbing attention today. These AI agent tokens have defied the broader market trend, posting double-digit gains in value over the past 24 hours.

This analysis explores the performance of these assets on the daily chart and highlights potential price targets for each of them.

Cookie DAO (COOKIE)

COOKIE powers the Cookie DAO, a decentralized autonomous organization (DAO) that focuses on indexing and analyzing data related to AI agents. The double-digit spike in its value over the past 24 hours has made it a trending altcoin today. 

COOKIE climbed to an all-time high of $0.82 during Friday’s early Asian session. While its price has since corrected by 13% to trade at $0.65 at press time, the bullish bias toward it remains significant. It is still up 42% in the past 24 hours

This is reflected by COOKIE’s positive Chaikin Money Flow (CMF), which currently sits at 0.20. This indicator measures the flow of money into and out of an asset. When its value is above zero, buying pressure is high.

COOKIE Price Analysis. Source: TradingView

If this buying pressure is sustained, COOKIE could reclaim its all-time high and surge past it. On the other hand, it may dip to $0.33 if selloffs gain momentum. 

aixbt by Virtuals (AIXBT)

Prominent AI agent altcoin AIXBT is another asset trending today. While the rest of the market witnesses a downturn, its value has risen 36% over the past 24 hours.

Analyzing its Relative Strength Index (RSI) on the one-day chart confirms the climbing demand for the AI-based token. At press time, this is at 62.43.

The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100, with values above 70 indicating that the asset is overbought and due for a decline. Conversely, values below 30 suggest that the asset is oversold and may witness a rebound.

AIXBT Price Analysis. Source: TradingView

At 62.43, AIXBT’s RSI shows that it is in an uptrend but still has room to grow before hitting overbought levels. If the current trend persists, AIXBT’s price could climb toward $0.90. However, if sentiment shifts, the token’s price could fall to $0.45.

ChainGPT (CGPT)

CGPT is the native token of ChainGPT, an AI model designed for blockchain technology and crypto-related topics. Today, it is a trending altcoin because its value has also witnessed a double-digit spike over the past 24 hours. At press time, CGPT exchanges hands at a nine-month of $0.35, noting a 70% rally.

With surging trading volume, the altcoin is poised to extend its gains. In a bullish scenario, CGPT could attempt a rally toward its all-time high of $0.56, which was last reached in March. But for this to happen, it must break above resistance formed at $0.39.

CGPT Price Analysis. Source: TradingView

However, if buying pressure weakens, its price could plummet to $0.29.