Artificial Superintelligence Alliance

Render

Bittensor

Date: Sat, Sept 07, 2024, 06:38 AM GMTThe past week has been rough for the cryptocurrency market, especially for AI-focused tokens like   Render (RENDER), Bittensor (TAO) and Artificial Superintelligence Alliance (FET). These tokens have faced significant losses over the last seven days, largely driven by a sharp decline in <a href="https://coinsprobe.com/top-ai-tokens-fet-render-and-tao-goes-down-heres-why/" rel="noopener noreferrer nofollow">Nvidia’s shares.</a>On September 3rd, Nvidia’s stock took a major hit, dropping over 9% and wiping out $280 billion in market value. This crash sent ripples across the market, negatively impacting AI-related cryptocurrencies. In addition, Bitcoin&#39;s ongoing price decline has further fueled the bearish sentiment. Bitcoin&#39;s current price stands at $54,000, down from its monthly high of $59,000.This downward momentum has brought several AI tokens close to their key support levels:<h3 id="1-render-render">1. Render (RENDER):</h3>Over the past week, RENDER has dipped by 8.13%, bringing its price to $4.81. It’s now trading near a crucial support level at $4.27.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/1e435db4cf2444dcb6cab796e464b6e3.png" /><h3 id="2-bittensor-tao">2) Bittensor (TAO):</h3>TAO has seen a significant drop of 15.76% in the last seven days, currently trading at $242.36, close to its support level of $219.00.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/557585bb2db34e2db63977c4ead6d9f0.png" /><h3 id="3-fetch-ai-fet">3) Fetch.ai (FET):</h3>FET has also experienced a decline, losing 10.59% of its value and settling at $1.06, which coincides with its key support level.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e46080029784451b935df8521baf1e86.png" />Will They Hold or Break?The broader market conditions, particularly the continued decline of Bitcoin, could challenge thes<a href="https://coinsprobe.com/web-stories/top-10-high-potential-ai-cryptocurrencies-to-watch-out-for-bull-run/" rel="noopener noreferrer nofollow">e AI tokens</a> ability to hold their support levels. With some experts predicting Bitcoin may drop further to $49,000, the pressure on these tokens could intensify, potentially leading to a downturn. However, if they manage to hold their ground at these support levels, there could be a bullish recovery rally on the horizon, offering a potential upside for investors.Keep an eye on these critical levels as the market navigates this challenging period.Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.

AI Tokens FET, RENDER, and TAO Testing Key Support Levels; Will They Hold or Break?

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