Render

Artificial Intelligence

Theta Network

The Graph

<p>The post <a href="https://coinpedia.org/price-analysis/artificial-intelligence-tokens-stumble-again-is-the-ai-hype-over/">Artificial Intelligence Tokens Stumble Again! Is The AI Hype Over?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The cryptocurrency industry continues to display a bearish price action, resulting in top tokens hovering close to their important support levels. Furthermore, the Artificial Intelligence (AI) category has recorded a significant correction of 3.53% in valuation within the past day.</p> 
<p>Top AI tokens experience a strong rising bearish sentiment in their respective portfolio, indicating a negative outlook for these tokens in the coming time. Thinking of investing in AI tokens? In this article, we have covered the in-depth price forecasts of the top 4 AI tokens for this week.</p> 
<h2 class="wp-block-heading" id="h-near-protocol-near">Near Protocol (NEAR):</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/near-protocol-near-price-prediction/">NEAR price</a> had started the year positively by adding over 245% and achieving the $9 mark. However, it lost 30% in valuation. Since then, the Near Protocol price has repeatedly failed to break out of its important resistance level at $7.685, indicating a strong liquidation point for the AI leader at that level.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/KBX7OS5PVO768xXwQrdTBEWhSxzCM4l9Kp0xfkdxMAp_3aKuNeLciKTCNslrVj4bUap0K-M_2Z2ZYC-5K2YxNfulfMqgYo12MYQ4wfAI0ctkO1isI54uumSFYgw5eSc75ehs-n2C2BjAjLvNGJVH7Sk" alt="NEAR Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: NEAR/USDT
 </figcaption>
</figure> 
<p>Moreover, the <a href="https://markets.coinpedia.org/near-protocol/">Near Protocol token</a> has lost 6.83% within the past 24 hours and 1% over the past 30 days, indicating a weak price action. Positively, it has a Year-to-Date (YTD) return of 89.56% in value, indicating a positive outlook for this AI token in the long-term perspective.</p> 
<p>The technical indicator, MACD, displays a constant decline in the green histogram, indicating weak buying and selling pressure for the altcoin in the crypto industry. Furthermore, the averages show a high possibility of a bearish convergence, suggesting a negative price action this week.</p> 
<p>If the market pushes the price above the resistance level of $7.685, the bulls will regain momentum and prepare to test its upper resistance level of $9 during the upcoming weeks. However, bearish price action may pull the price toward its low of $6.225.</p> 
<h2 class="wp-block-heading" id="h-render-rndr">Render (RNDR):</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/">RNDR price</a> continues to display a neutral trend by trading in a closed range between $7.10 and $8.985 for about three weeks, indicating weak buying and selling pressure for the AI token in the crypto space.&nbsp;</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/I01UGls3DeSz9wmwlvjSTIGkmz44pMs3QnxvRX-yIK_nJ0HdHK7zCurOdicJBIwDZktTBgchfpbU-kcZzFlTcW0PIDHTWvpN1uzyYdtj0KT20kaUYp7BkN4aFhjfaACGVR5j3rFFYqN5pnhTsbT64uo" alt="RNDR Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: RNDR/USDT
 </figcaption>
</figure> 
<p>Moreover, the <a href="https://markets.coinpedia.org/render-token/">Render price</a> has lost 15% within the past seven days and 29.08% over the past 30 days, highlighting a bearish outlook for the altcoin during the upcoming week.</p> 
<p>The Moving Average Convergence Divergence (MACD) shows a constant flatline in its 1D time frame chart, suggesting a weak price action for the RNDR token. Moreover, the averages display a bearish crossover, suggesting the price may continue losing value this week.</p> 
<p>If the bulls regain momentum, the RNDR price will attempt to test its upper high of $8.98 by the coming weekend. Conversely, if the bears continue to dominate the market, it will plunge and test its lower support level of $7 in the coming time.</p> 
<h2 class="wp-block-heading" id="h-the-graph-grt">The Graph (GRT):</h2> 
<p>After recording a low of $0.1388 in February, the <a href="https://coinpedia.org/price-prediction/the-graph-grt-price-prediction/">GRT price</a> regained momentum and recorded a jump of 256.62% in value before facing rejection at the resistance level of $0.4950. After this, the bulls lost momentum, traded under a bearish influence, and recorded a correction of 53.23%.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/ETId8MUk0Ozhaj9N1LP8hAmzIbkAlIaIAOQFQ98VNvPKv-E1ZRxlD6u8fcPiw9uXZmhM_AsjQ468SPAFW2PiWRKqbhUpTzLu3EzwCvC9-ahT28DHjyt1EOowFp27fJQQUkH-qG968nhU5X7jM1wyEE0" alt="GRT Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: GRT/USDT
 </figcaption>
</figure> 
<p>Since then, <a href="https://markets.coinpedia.org/the-graph/">The Graph price</a> has been trading in a closed range between $0.2315 and $0.2950. Moreover, the EMA 50-day acts as a resistance to the price chart, indicating a strong bearish influence for the altcoin in the industry.</p> 
<p>The MACD displays a constant decline in the green histogram, highlighting an increase in the selling pressure in the crypto space. Furthermore, the averages show a bearish convergence, indicating a negative outlook for the altcoin this week.</p> 
<p>If the market experiences a bullish reversal in the chart, the GRT price will prepare to test its resistance level of $0.3550 in the coming time. Negatively, if the bears continue to dominate the market, it will plunge and test its crucial support level of $0.2315.</p> 
<h2 class="wp-block-heading" id="h-theta-network-theta">Theta Network (THETA):</h2> 
<p>The <a href="https://coinpedia.org/price-prediction/theta-price-prediction/">Theta price</a> constantly fails to break out of its resistance level at $2.430, indicating a liquidity point at that level. Moreover, the EMA 50-day acts as a resistance to the price chart, highlighting a strong bearish influence. The Theta Network token has recorded a correction of 23.17% over the past 30 days.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/QuIEQLv82hIJ0uue35w4ePpcy0bozMYBUsPktzhlUHod6XHJ6-yF2cVVMdpyH3lj8HxrJBlAohHzk-G83ktKxxHvCfHv_-_WIHMDpFogGYccM6dhKJ56wPqFMXALjEVH3kLFHQ0D6JlIulgewGCg8a0" alt="THETA Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: THETA/USDT
 </figcaption>
</figure> 
<p>The technical indicator, MACD, shows a constant flatline in the chart with its averages displaying a high possibility of a bearish convergence, highlighting a weak buying and selling pressure for the <a href="https://markets.coinpedia.org/theta-network/">THETA Network token</a> in the cryptocurrency market.</p> 
<p>If the bulls regain momentum, the Theta Network price will prepare to test its upper resistance level of $3.050 during the upcoming week. However, bearish price action may pull the price toward its lower support level of $1.800.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/price-analysis/top-ai-tokens-to-maximize-your-profits-this-week/">Top AI Tokens To Maximize Your Profits This Week!</a></p>

Artificial Intelligence Tokens Stumble Again! Is The AI Hype Over?

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