Render

Akash Network

Artificial Intelligence

Fetch.ai

The post <a href="https://coinpedia.org/price-analysis/ai-tokens-dominance-surge-will-rndr-grt-and-fet-lead-the-upcoming-bull-rally/" rel="noopener noreferrer nofollow">AI Tokens Dominance Surge! Will RNDR, GRT, And FET Lead The Upcoming Bull Rally?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the news of Nvidia (NVDA) becoming the world’s most valuable company, Artificial Intelligence (AI) based cryptocurrencies have recorded a strong bullish reversal in their respective charts over the past 24 hours.
Moreover, top AI tokens such as Render (RNDR), The Graph (GRT), Fetch.ai (FET), and <a href="https://coinpedia.org/price-prediction/akash-network-akt-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Akash Network</a> (AKT) have each added over 8% to their valuation. This highlights a high potential for a bounce back of the AI tokens in the crypto space.
<h2 class="wp-block-heading" id="h-render-token-tests-its-crucial-support-level">Render Token Tests Its Crucial Support Level:</h2>
After repeatedly failing to breach its important resistance level of $11.760, the <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">RNDR price</a> lost momentum and displayed a negative trend. This resulted in the AI token plunging toward its crucial support level of $7.325.
Currently, the Render token is on the verge of testing its crucial support level, the outcome of which is unpredictable.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfXYoJgF0pp5Iom0UyXQFVPXgnBotNKlwstDT6C91NK8rsJQC4XZDd_S8nJroVwxc7aMQ_p8CC3_gY9J1yMjTI_nj633BsGio8VNbWO1ZYmoiPHkQmJox4qDm0DR_hqjCfnqGe45DyN_PGjFqODtukSEcZi?key=Wj8WnQ1rYHlYt-SVpGlp-g" alt="Render Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: RNDR/USDT
 </figcaption>
</figure>
The technical indicator, MACD, displays a constant decline in the red histogram with its averages showing a decrease in the bearish trend. This highlights an increase in the positive influence of RNDR crypto in the market.
On the other hand, the Relative Strength Index (RSI) records a high possibility of a bullish convergence in the 1D time frame, suggesting the <a href="https://markets.coinpedia.org/render-token/" target="_blank" rel="noopener noreferrer nofollow">Render price</a> will continue gaining value this week.
If the market holds the RNDR coin price above its crucial support level of $7.325, the bulls will regain momentum and prepare to test its upper resistance level of $11.760. Conversely, a bearish reversal could pull the price toward its lower support level of $5.30.
<h2 class="wp-block-heading" id="h-grt-coin-price-hints-at-a-potential-bullish-reversal">GRT Coin Price Hints At A Potential Bullish Reversal?</h2>
The <a href="https://coinpedia.org/price-prediction/the-graph-grt-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">GRT price</a> has displayed a similar trend by recording a jump of 7.32% within the past day after recording a correction of 14.83% within the past seven days and 31.12% over the past 30 days. Moreover, the altcoin has a YTD return of 0.1%, indicating a long-term neutral sentiment.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfRUAKZsP-6qVpfAC0zOnTkrjTuSMqGkHGl0kFRVvsBuc56GDyzDKii8rJaLlXcHtF6PQAwENRRVx-IXlVnW_seVVIaLbL5nYCaODPV0qA44Oa-ehCjQTKtFD7tLUL3Zsu0obnZXHasmxwJ_R38Vb5CYWB5?key=Wj8WnQ1rYHlYt-SVpGlp-g" alt="The Graph Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: GRT/USDT
 </figcaption>
</figure>
With a trading price of $0.2152, a circulating supply of 9,548,331,450 GRT tokens, and a total supply of 10,799,506,661 GRT tokens, <a href="https://markets.coinpedia.org/the-graph/" target="_blank" rel="noopener noreferrer nofollow">The Graph crypto</a> has successfully secured the 44th position in the global cryptocurrency list with a market cap of $2.043 Billion.
The RSI has successfully tested its oversold trendline, resulting in it recording a bounce back in the chart. Furthermore, it displays a strong potential for a bullish crossover, indicating a positive outlook for the Graph coin price this week.
If the bulls regain momentum, the GRT crypto will surpass its $0.2325 mark and prepare to test its upper resistance level of $0.2950. However, if the bears continue to dominate the market, the Graph price will head toward its important support level of $0.1775.
<h2 class="wp-block-heading" id="h-fetch-ai-fet-price-analysis">Fetch.ai (FET) Price Analysis:</h2>
Amid rising bullish sentiment in the crypto space, the <a href="https://coinpedia.org/price-prediction/fetch-ai-fet-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">FET price</a> has recorded a bullish jump of approximately 8% within 24 hours after breaking down its crucial support level yesterday. Furthermore, with a Year-to-Date return of +75.86%, the Fetch.ai price displays a strong long-term positive influence.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXc3LfTSKV5QaVuHhzIT1oOB115GaW66n1V6dcI_d-Dg1bTdPTT_wz_c_w3uLYws5qGAhm96Ro5hyVu90hzXz4sHxmHJHVGBcz3nuan9q-5-5M-WjOtZAM53-WCYLOluK8whB9qWE9z2Njca1TVAru8mmIY?key=Wj8WnQ1rYHlYt-SVpGlp-g" alt="Fetch.ai Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: FET/USDT
 </figcaption>
</figure>
The Moving Average Convergence Divergence (MACD) shows a constant decline in the 1D time frame, suggesting an increase in the price action for the FET crypto in the market. However, the averages display a constant decline, suggesting a mixed sentiment in the crypto space.
If the market pushes the Fetch.ai price above the resistance level of $1.285, the bulls will regain momentum and prepare to test its upper resistance level of $1.855. Negatively, if the bears overpowered the bulls, the FET coin price will plunge toward its crucial support level of $1 this month.

AI Tokens Dominance Surge! Will RNDR, GRT, And FET Lead The Upcoming Bull Rally?

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