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
