Token

Render

Artificial Superintelligence Alliance

<p>The cryptocurrency market has witnessed a surge in interest surrounding AI-focused altcoins, with analysts sharing their perspectives on the potential of projects like Fetch.ai (FET) and Render Token (RNDR).&nbsp;&nbsp;</p>
<p>Notably, crypto influencers like DavidOnCrypto and Crypto Vikings have expressed optimism about the AI sector, suggesting it could outperform other market segments when the bull market ignites.</p>
<p>DavidOnCrypto <a href="https://x.com/DavidOnCrypto_/status/1800706222716543127" target="_blank" rel="noopener noreferrer nofollow">highlighted FET’s 71% correction</a> in 2023, which saw its price drop from $0.60 to $0.16 before rebounding with a 20x surge to $3.47. Similarly, RNDR experienced two 55% corrections before a 10x rally to $13.60. <em>“<a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="AI" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">AI</a> still remains the name of the game this cycle till the very end,”</em> DavidOnCrypto stated, underscoring the potential of AI-focused projects.</p>
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<h2 class="wp-block-heading" id="strong-render-rndr-price-analysis-strong"><strong>Render (RNDR) Price Analysis</strong></h2>
<p>AltcoinSherpa, while exiting their RNDR position, <a href="https://x.com/AltcoinSherpa/status/1800854173287862781" target="_blank" rel="noopener noreferrer nofollow">acknowledged the project as a “decent AI coin.”</a> However, they remained uncertain about whether the AI sector would outperform others in Q3 and Q4 of 2023.&nbsp;</p>
<p>Meanwhile, D0c Crypto <a href="https://x.com/TheRealD0c/status/1800850794507383086" target="_blank" rel="noopener noreferrer nofollow">highlighted a crucial support level for Render Token (RNDR)</a> at $7.96 on the weekly chart. Furthermore, he stated that smart money is accumulating RNDR at this level. Consequently, to reclaim an uptrend, RNDR must first surpass the 2021 all-time high (ATH) or Fibonacci level of $8.76.</p>
<p>Moreover, for RNDR to solidify its uptrend, it needs to close above $11.80 on the weekly chart. If RNDR achieves this feat, it could potentially retest its ATH. However, the immediate priority is for RNDR to sustain above the $7.96 weekly support level.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/meme-coins-pepe-and-bonk-prices-are-pumping-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Meme Coins Pepe and Bonk Prices Are Pumping: Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-fetch-ai-fet-price-analysis-strong"><strong>Fetch.ai (FET) Price Analysis</strong></h2>
<p>Crypto Vikings <a href="https://x.com/CryptoVikings07/status/1800847595440652728" target="_blank" rel="noopener noreferrer nofollow">expressed confidence in FET</a>, labeling it an “AI blue-chip coin” with significant growth potential. They noted that FET had already corrected by more than 50%, presenting a “juicy dip” and an opportunity to buy a “trendy blue-chip coin at a 50% discount.”&nbsp;</p>
<p>However, Sensei, another analyst, <a href="https://x.com/SenseiBR_btc/status/1800805116599046231" target="_blank" rel="noopener noreferrer nofollow">cautioned against buying FET,</a> suggesting that breaking support levels and trading below moving averages could indicate further downside risk.</p>
<p>Nebraskangooner’s<a href="https://x.com/Nebraskangooner/status/1800622406408794212" target="_blank" rel="noopener noreferrer nofollow"> technical analysis on FET</a> pointed to a bear flag breakdown, with the potential for a 5-13% bounce from the current levels. However, they also noted that many altcoins have broken below the 99-day simple moving average on the daily chart, leading to extended downside movement.</p>
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<p>The post <a href="https://captainaltcoin.com/fetch-ai-fet-render-rndr-price-analysis-will-ai-altcoins-outshine-in-the-bull-market/" rel="noopener noreferrer nofollow">Fetch.ai (FET), Render (RNDR) Price Analysis – Will AI Altcoins Outshine in the Bull Market?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Fetch.ai (FET), Render (RNDR) Price Analysis – Will AI Altcoins Outshine in the Bull Market?

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