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>\n
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>\n
The NEAR price 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>\n
Moreover, the Near Protocol token 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>\n
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>\n
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>\n
The RNDR price 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. <\/p>\n
Moreover, the Render price 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>\n
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>\n
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>\n
After recording a low of $0.1388 in February, the GRT price 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>\n
Since then, The Graph price 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>\n
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>\n
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>\n
The Theta price 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>\n
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 THETA Network token in the cryptocurrency market. <\/p>\n
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>\n
Also Check Out : Top AI Tokens To Maximize Your Profits This Week! <\/p>\n
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Artificial Intelligence Tokens Stumble Again! Is The AI Hype Over? - Coinpedia Fintech News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The cryptocurrency industry continues to display a bearish price action, resulting in top tokens hovering close to their important support levels. Continue reading