AI-Tokens Face Huge Rejection: Here’s What’s Next for NEAR, RENDER, INJ, AKT & GRT Prices
The post AI-Tokens Face Huge Rejection: Here’s What’s Next for NEAR, RENDER, INJ, AKT & GRT Prices appeared first on Coinpedia Fintech News
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
