AI-Tokens Face Huge Rejection: Here’s What’s Next for NEAR, RENDER, INJ, AKT & GRT Prices

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AI-space has attracted huge interest in recent times with the token leading the markets with massive gains. Unfortunately, these tokens have been failing to attract buying volume and as a result, the liquidity flow has been to other tokens. Here is what’s next for these popular AI tokens. 

Near Protocol (NEAR) 

  • The weekly chart suggests the NEAR price is approaching the end of the prevailing consolidation as the levels are heading close to the apex
  • The bulls are trying hard to defend the lower support zone between $4.33 and $4.48 while the bears appear to be poised to close the monthly trade below these levels
  • Besides, the technicals like RSI & MACD remain bearish, which suggests the NEAR price could maintain a steady descending trend 
  • The volume has also dropped heavily, which suggests the price will trade below $4 by the end of the month

Render (RENDER) 

  • The RENDER price is about to squeeze all its profits gained since the start of the month as the rally has stuck within a descending trend
  • The constant lower high and low have been suggesting the growing strength of the bears, who may keep up the pressure over the rally
  • The recent rejection is below 0.236 FIB, which indicates the bears are poised to drag the levels back to 0 FIB at $3.4
  • Besides, the MACD is about to undergo a bearish crossover while the RSI fails to validate a bearish divergence. Hence substantiating the bearish claim.

Injective (INJ) 

  • The Injective price has been maintaining its trade within a falling wedge as it failed to sustain the breakout it attempted in the past few days
  • Therefore, this indicates the price could probably head to the lower support of the wedge but the RSI is close to the lower threshold, which raises the possibility of a rebound before reaching the lower support
  • On the other hand, the on-balance volume, OBV, remains stuck below the average levels, indicating the rally is stuck under a bearish range
  • Now that the monthly trade is about to end, the Injective price is expected to close around $15, or some levels below the range. 

Akash Network (AKT) 

  • The AKT price has displayed a massive price action since the start of the year and has maintained its trade along the ascending trend in times of extended bearish action
  • The price is experiencing equal action from either of the sides, while the bearish dominance is set to increase to some extent
  • Besides, the weekly RSI remains bearish, and until the levels experience a bullish crossover, the price is expected to test the lower support at the ascending trend line
  • Therefore, the Akash Network price is believed to hit the lower support at $2.3 to end the monthly trade, which may further trigger a bullish rebound, intending to test the upper targets

The Graph (GRT) 

  • The GRT price continues to trade within a falling wedge, and after the recent rejection from the resistance, the price is heading towards the support
  • The MACD is about to undergo a bearish crossover with the levels remaining stuck within the negative range
  • Besides, the RSI remains stuck within the bearish range and hence could head toward the lower threshold, offering more upward pressure over the token
  • Therefore, the GRT price could close the monthly trade close to $0.1089, which may trigger a fine rebound back above $0.15 in the coming days

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1 Comment

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  1. Amigo
    Amigo

    It looks like NEAR Protocol is struggling to hold its support levels. If it falls below $4, we might see a significant drop, but it could also be a great buying opportunity.”

    “Render Token’s descending trend is concerning, especially with the bearish MACD crossover. The bulls need to regain strength soon, or we could see further losses.”

    “Injective’s falling wedge pattern suggests a potential rebound soon. If the RSI hits the lower threshold, we might get a buying opportunity before the price rebounds.”

    “Akash Network’s price action has been impressive despite the bearish market. Testing the lower support at $2.3 could trigger a bullish rebound, making it worth watching.”

    “The Graph is facing bearish pressure, but the falling wedge pattern might present an opportunity for a rebound once it hits support. It could be a good time to keep an eye on GRT.”

    “NEAR’s dropping volume is a concern. If it continues to fall below $4, we might see a deeper correction. It could be wise to wait for clearer signs of a trend reversal.”

    “Render’s rejection at 0.236 FIB is a bearish sign, but if the price stabilizes, we might see a bounce. It’s important to watch for a potential reversal in the MACD.”

    “Akash Network’s ability to maintain an ascending trend is impressive. If the RSI flips bullish, we could see a significant push toward higher levels in the coming weeks.”

    These comments provide analysis and thoughtful insight into the current state of the tokens mentioned, aligning with the required comment policy.

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