Render

bullish

Injective

when

<p>The post <a href="https://coinpedia.org/price-analysis/have-ai-tokens-lost-their-track-near-inj-rndr-price-face-significant-drop/">Have AI-Tokens Lost Their Track: NEAR, INJ &amp; RNDR Price Face Significant Drop</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The recent rise in the markets was fueled by one of the emerging platforms, AI. AI tokens like NEAR, FET, RNDR, TAO, etc., and many more have triggered a massive rise that has uplifted the entire crypto space. Unfortunately, the volume has been slashed by more than 60% in the past few months, which has compelled these tokens to trade within a narrow range. In times when the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price</a> is gaining some strength, here is what to expect from these tokens in the next few days.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-near-protocol-near-nbsp">Near Protocol (NEAR)&nbsp;</h2> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcJBHhqdVVlmMGEUKtPXRT9uCwzoDtbIaqBQqfLT-xdthMDbmRQgGlpDZHyBOfNKx1MeRWOQ-VNOsJmgRdQUK9EwqSzPFpTslOkD2hfYD5WjQU3BGjV5JKv2VS1DqClFjMBDcTb_r9DCJav6uxdRKPBteSO?key=X5xKT0esFy6hnaT1eNe0oA" alt="">
</figure> 
<ul class="wp-block-list"> 
 <li>The NEAR price marked year-highs above $8 in March and held the levels for over a couple of months. However, the bulls failed to hold above the gains, triggering a huge pullback by above 50%&nbsp;</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>The pullback dragged the levels below the pivotal support zone, which has kept the rally consolidated below the range</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>While the trade set-up remains bearish, the technicals indicate the possibility of a breakout as the RSI remains elevated&nbsp;</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>Besides, the +Di and -Di levels are approaching each other for a bullish crossover, validating a flip from the bearish influence</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>Hence, with the recent reversal, the Near Protocol price is believed to maintain an ascending consolidation and rise above the resistance zone between $4.342 and $4.476.&nbsp;</li> 
</ul> 
<h3 class="wp-block-heading" id="h-injective-inj-nbsp">Injective (INJ)&nbsp;</h3> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczQqQMpPfA20sFUiNRmEUx2_7gFnKL43I7eFkryzV7a0aK8w05sk9b8D9DqGy28BrcL31Wtm4YlxzOZUInQzc7n3K0Oli6aNpfzpShDyL-s9kWA7KbvXt5x4MxrJeFRh5-_V9UW0UAkAuKATyA7KR-ept0?key=X5xKT0esFy6hnaT1eNe0oA" alt="">
</figure> 
<ul class="wp-block-list"> 
 <li>The INJ price has been trading within a falling wedge since the start of the year, soon after the token marked a new ATH above $51</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>The price triggered a rebound from the descending trend line, reached the resistance zone between $18.06 and $18.79 and remains stuck within the range</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>Besides, the price, which is stuck within a bearish range, is expected to initiate a fresh upswing and hit the upper resistance above $20 anytime from now</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>The OBV, the trend indicator based on volume, is about to reach the lower threshold, suggesting the trend may flip very soon</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>Therefore, the INJ price may either breach above the resistance after hitting $20 or else may face a pullback and hit the lower support. This may attract massive volume, elevating the levels beyond $28&nbsp;</li> 
</ul> 
<h3 class="wp-block-heading" id="h-render-render">Render (RENDER)</h3> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdqPn07OzWbL4UNJyZYzQiVH0-B8ba1RPYgtFUgnFiD_xbeFF9Av2Ol3YKitpAFLKGGiuQWTEaafTaWNa-XgnfMhgU8-steGj6gENzjCNCtWbjUpIKSDTN8GUKTP2G5n9UMB3UOfio0izcBqxnT44fPcyus?key=X5xKT0esFy6hnaT1eNe0oA" alt="">
</figure> 
<ul class="wp-block-list"> 
 <li>The RENDER price has faced acute bearish action ever since the token marked the highs in the last few days of Q1</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>The token is forming consecutive lower highs and lows, indicating the growing strength of the bears as the selling volume escalates</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>Besides, the Bollinger bands have squeezed extensively, which suggests a huge drop in volume and volatility</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>However, the RSI remains consolidated within the lower range, which suggests the price may remain stuck within a range for a while</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>As the volume is experiencing excessive squeeze, a breakout could be mandatory in the direction of the volume induced, which may be more likely to be bullish, raising over $6</li> 
</ul>

Have AI-Tokens Lost Their Track: NEAR, INJ & RNDR Price Face Significant Drop

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