bullish

Render

Theta Network

Injective

Artificial Intelligence

<p>As the price of Bitcoin (BTC) reclaims the $62,000 mark during the early Asian trading hours, the cryptocurrency market has experienced a strong bullish recovery with top altcoins heading toward their important resistance levels.</p>   
<p>Moreover, despite the meme coin category recording the highest gains, the Artificial Intelligence (AI) category has resurfaced with many tokens recording a significant surge. With this, the AI category is under the limelight once again.</p>   
<p>Will the AI category make a bullish comeback this Q4? Scroll down as, in this article, we at CoinPedia have documented detailed research concerning Injective (INJ), Render (RENDER), and Theta Network (THETA) crypto projects.</p>   
<h2 class="wp-block-heading" id="h-inj-price-to-test-its-important-resistance-level">INJ Price To Test Its Important Resistance Level?</h2>   
<p>Amid increased bullish action, the Injective coin price has jumped 7.82% in 24 hours with a trading volume of $114.10 million. Moreover, with a monthly gain of 10.87%, it has successfully reclaimed the $20 mark. Notably, the altcoin is on the verge of testing its trendline, the outcome of which is uncertain.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeHR1Ez-1n3y2Qf1gvC7Bm9LWmddyKpDCQa558JzARP9VkPhVj_Yk1HX6Uy9ILzcOFIt7R43vvSOrf7XIjRBpKOAQ-9FYkg5pti6nPTI-ElUgyF4GsbO_EZCe3vqSIuiMpXq4VmSzpk5IuELaftdGAvDyE?key=A2SJV0IvlCM5_hnjbataWQ" alt="Injective Price Analysis September 2024">
 <figcaption class="wp-element-caption">
  TradingView: INJ/USDT
 </figcaption>
</figure>   
<p>The Simple Moving Average (SMA) supports the Injective price chart in the 1D time frame. Moreover, the MACD indicator has displayed a rising pattern, indicating a strong bullish outlook for the AI token in the coming time.</p>   
<p>If the bulls break out of the resistance level of $21.35, the INJ coin price will prepare to test its upper high of $28.25 in the coming time. On the flip side, a bearish reversal could pull the price toward its crucial low of $15 this month.</p>   
<p>Also read, <a href="https://coinpedia.org/price-prediction/injective-inj-price-prediction/">Injective Price Prediction</a> 2024 - 2030</p>   
<h2 class="wp-block-heading" id="h-render-token-records-increased-price-volatility">Render Token Records Increased Price Volatility!</h2>   
<p>With a jump of ~11% over the past day, the Render price has reclaimed the $5 mark. Notably, with a trading volume of $324.04 million, it has recorded a 24-hour High/Low of $5.19 and $4.62. Moreover, with a YTD return of ~15% and a market cap of $2.66B, it has secured the 34th position.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXewR14WnjNWkJukl4pWObEchy8Sy1XyOeVYXc9vRKi_heiM9CFTa47p83BtAFPOQFsaUhI-5K4EkRqpiFzWemVZKk6_LagVtPafkVAi6DEHZiPTyMymN4IFI6tTBAtbZLWolKdNYI0iVx1kErkUHqULyE0?key=A2SJV0IvlCM5_hnjbataWQ" alt="Render Price Analysis September 2024">
 <figcaption class="wp-element-caption">
  TradingView: RENDER/USDT
 </figcaption>
</figure>   
<p>The EMA 50-day acts as a resistance to the price chart in the 1D time frame. However, the Relative Strength Index (RSI) has breached its neutral point with a bullish convergence in its RNDR price chart. This suggests a mixed sentiment for the ERC-20 token in the market.</p>   
<p>Suppose, the bulls regain momentum, in that case, the Render price will head toward its upper level of $7.18 in the coming time. Conversely, if the uncertainty continues hovering over the crypto market, the Render token could plunge toward its low of $3.65.</p>   
<h2 class="wp-block-heading" id="h-theta-price-hints-at-a-potential-break-out-rally">THETA Price Hints At A Potential Break Out Rally?</h2>   
<p>By defying all odds, the Theta Network price has jumped 10.52% within the past day and 16.56% over the past week. Furthermore, it has jumped 18.54% during the past 30 days and has a Year-to-Date (YTD) return of 11.86%.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd2xCRj2qB8R-ilhyIAL-xi23KTWAjAgBfLE1PM0owiTXgKAkFkGhL6cp-3naszOmPMXbjsDxOj0pDbIy3PdQxD6UzpieDUI20TLVuytJbhVNPkptkgO_4rKHflhDydfH0CWA7jXyCAQKdzUFQXRXtA1l3v?key=A2SJV0IvlCM5_hnjbataWQ" alt="Theta Network Price Analysis September 2024">
 <figcaption class="wp-element-caption">
  TradingView: THETA/USDT
 </figcaption>
</figure>   
<p>The MACD indicator has experienced a constant rise in the green histogram. Further, its averages show a similar action. With its SMA supporting the price chart, the THETA token hints at a bullish outlook in the coming time.</p>   
<p>Maintaining the price above its resistance/support level of $1.410 could set the stage for this altcoin to head toward its upper level of $1.975 during the upcoming weeks. However, a bearish action could result in it retesting its low of $0.930.</p>   
<p>Also read, <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/">Render Price Prediction</a> 2024 - 2030</p>

Coinpedia Fintech News

Table of Contents

CoinPedia News

Other articles published on Sep 19, 2024

ParaFi Capital Chooses Avalanche for Tokenization of its $1.2B Fund

Trump Shocks the World: Pays with Bitcoin!

Payments Network Fuse Announces Ember Upgrade and Mainnet Launch

Unlocking Crypto Presale Success: 5 Crucial Steps for Savvy Investors

The Most Rewarding Telegram Crypto Game On The Market? Get An Exclusive Look At Nordom With Insig...

Bitcoin Asserts Itself On Layer 2: The Billions Are Piling Up!

Join our free newsletter for daily crypto updates!