Render

Artificial Intelligence

The Graph

Artificial Superintelligence Alliance

<p style="text-align: justify">Following recent developments at OpenAI, including Sam Altman’s removal from the CEO position, there has been a noteworthy increase in the prices of artificial intelligence (<a href="https://newslinker.co/category/ai/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">AI</a>) based altcoins. While the cryptocurrency market as a whole remains uncertain, this news has once again drawn investors’ attention to AI altcoins. Here are some of the altcoins in this category that have the most potential for value appreciation, based on technical analysis.</p>
<h2 style="text-align: justify" id="render-token-rndr-price-analysis-key-resistance-level-broken">Render Token (RNDR) Price Analysis: Key Resistance Level Broken</h2>
<p style="text-align: justify">This week, Render <a href="https://en.coin-turk.com/major-shiba-inu-whale-awakens-transferring-massive-volume-of-shib/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Token</a> (RNDR) stood out in the cryptocurrency market, experiencing a significant increase of 72% from $2.1 to $3.6. This impressive rally was achieved by breaking through the resistance line in the symmetrical triangle formation, indicating a strong presence of buyers. RNDR’s price had been limited to a narrow trading range over the past 20 months, but this breakthrough signifies a significant change in market dynamics.</p>
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-279062" src="https://coin-turk.com/wp-content/uploads/2023/11/Altcoin-RNDR.png" alt="" width="1946" height="1105"></p>
<p style="text-align: justify">At the time of writing, RNDR is trading at $3.47, and surpassing the $3.3 resistance suggests further potential gains. If the current momentum is maintained, the next targets for Render Token could be $4.25 and $5.7.</p>
<h2 style="text-align: justify" id="the-graph-grt-price-analysis-preparing-for-a-rally-under-bullish-formation">The Graph (GRT) Price Analysis: Preparing for a Rally Under Bullish Formation</h2>
<p style="text-align: justify">Since the end of October, The Graph (GRT) has seen a strong recovery, with its price rising from $0.0774 to $0.165, marking a notable increase of 113%. However, the uncertainty in the cryptocurrency market led to a slight pullback in GRT’s price, which was balanced at the support level of $0.12. Interestingly, this level corresponds to the 50% Fibonacci retracement level, indicating a strong and healthy correction that signals a recovery fueled by renewed buyer interest.</p>
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-279061" src="https://coin-turk.com/wp-content/uploads/2023/11/Altcoin-GRT.png" alt="" width="1946" height="1105"></p>
<p style="text-align: justify">At this point, the recent formation of a double bottom pattern can be seen as a bullish signal fueled by potential renewed buyer interest. Additionally, with a 3.55% increase during the day, buyers broke through the neckline resistance of $0.14. Sustaining the current momentum and keeping the price above this critical threshold could trigger a 14.6% increase, potentially taking The Graph’s price to $0.16.</p>
<h2 style="text-align: justify" id="fetch-ai-fet-price-analysis-can-it-reach-1">Fetch.ai (FET) Price Analysis: Can it Reach $1?</h2>
<p style="text-align: justify">On the daily timeframe chart, Fetch.ai (FET) is gathering strength under the influence of a rolling bottom formation that has been in effect for the past 9 months. The reversal of this upward movement indicates sustainable growth that offers multiple entry points for buyers to join the uptrend. Currently, the altcoin is trading at $0.53 and steadily progressing towards the significant neckline resistance at $0.61, with a significant intraday increase of over 4%.</p>
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-279060" src="https://coin-turk.com/wp-content/uploads/2023/11/Altcoin-FET.png" alt="" width="1946" height="1105"></p>
<p style="text-align: justify">Any rise above this resistance level could open a new window for investors to turn their attention to Fetch.ai and potentially increase buying pressure. In such a scenario, Fetch.ai could be expected to reach the significant psychological threshold of $1.</p>
<div class="sorumluluk_reddi" style="text-align: justify"><strong>Disclaimer:</strong> The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry risks due to their high volatility and should conduct their own research before making any transactions.
</div> Continue Reading: <a href="https://en.coin-turk.com/artificial-intelligence-altcoins-gain-significant-value-following-recent-developments-at-openai/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/artificial-intelligence-altcoins-gain-significant-value-following-recent-developments-at-openai/</a>

Artificial Intelligence Altcoins Gain Significant Value Following Recent Developments at OpenAI

Table of Contents

COINTURK NEWS

Other articles published on Nov 20, 2023

Why Bitcoin price predictions often miss the mark

Will Solana (SOL) Ever See $250 Again?

‘Smart Money’, You Say? Whale Loses 6 Million Dollars in ARB Dump

Magic Labs to educate businesses on how to choose the right Wallet-as-a-Service

Nomos Network: Revolutionizing Blockchain Technology for App Developers

Interim OpenAI CEO Emmett Shear announces investigation as staff revolts against board

Join our free newsletter for daily crypto updates!