OpenAI raised $6.6 billion from investors, including Microsoft and Nvidia. While this development was positive for OpenAI, AI coins like Bittensor (TAO) and Artificial Superintelligence Alliance (FET) experienced price declines.

Normally, such news might boost altcoin prices, but TAO fell 8.55%, trading below $500, while FET dropped nearly 7%. TAO's potential rebound is conditional on buyer strength, with projected prices fluctuating between $465.70 and $617.90 depending on market dynamics.

Similarly, FET's price at $1.40 fell below the 20-day Exponential Moving Average, indicating a bearish trend. Further decline could reach $1.22, although a bull market might push it up to $1.74.