- In the last 2 weeks, the price of the NERA protocol has dropped by 50%.
- ICP price has fallen to the last swing low.
- The render crypto price has faced resistance at the 200-day EMA and is down 53% in 10 days.
According to market capitalization, Top Trending AI Coins There are NEAR, ICP, and Render. Current cryptocurrency sentiment is bearish, and these coins have also performed negatively.
Death Crossovers in Key Moving Averages; Closer to technical analysis
At press time, Close to the protocol was trading at $3.56 with an intraday gain of 1.25%. The market capitalization was $3.96 billion, and the 24-hour trading volume at the time of writing was $553.14 million.
The digital asset price is falling by forming lower lows and lower highs. The price has shown weakness and has fallen to a lower level. Green candles in this zone will signal buying momentum.
If trading volume supports the buying momentum, it may soon reach lower highs. On the other hand, if the price of NEAR protocol fails to defend the $3.50 mark, high profit booking can be seen.
ICP Price Forming Double Bottom Pattern: Could It Rise To Double Digits?
During a bearish trend, Internet computer The crypto was halted near the $6 level. He made a hammer candlestick, and the price went up 60% in 2 weeks. The price moved up to the 200-day EMA but failed to cross it.
Sellers tried again and dragged the price to the $6 mark. The price of the crypto asset has formed a double bottom pattern on the daily time frame.
Speed purchases can be initiated if ICP The price looks bullish at the $6 mark. A break above the 20-day EMA could be a bullish sign, if it does, the price can easily break the $10 barrier.
Turning to technical indicators, the RSI has made a bullish reversal and found support at the lower band.
Does the render value find the reverse of this zone?
Render At press time the crypto was trading at $4.66, up 12.59% in the last 24 hours. It has a market capitalization of $1.82 billion with a 24-hour trading volume of $120.78 million.
Based on the chart structure, Render crypto. Price has gone through a corrective phase. Assuming the price manages to cross the 200-day EMA, buying momentum can be predicted for the longer term.
Alternatively, if RNDR Stays below the major support level of $6.50, it could be difficult for the bulls. If the price starts trading below the $4 level, the sellers can gain more dominance.
Can Crypto Offer Repeat History?
In 2022 and 2023, the RSI found support at the lower band and rose 750% and 950% respectively. At press time, the RSI has found support at the lower band, anticipating a massive rally.
for the last time $RENDERThe RSI was so low in 2023, we pumped around 950%, before that in 2022 around 750%.
I’m sure it’s nothing.$RENDER | $RNDR ⭕️#AltSeason pic.twitter.com/LbTgfpocDc
— Eric (@_difficult) August 6, 2024
gave Top Trending AI Coins May be Close to the protocolinternet computers, and render by market capitalization.
All these coins have performed negatively for the past few months. The close has dropped nearly 50% in the past 2 weeks. At the same time, RNDR decreased by 53% in just 10 days.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment or other advice. The author or anyone mentioned in this article is not responsible for any financial loss that may occur from investing or trading. Please do your research before making any financial decisions.