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.
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.
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.
INJ Price To Test Its Important Resistance Level?
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.
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.
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.
Also read, Injective Price Prediction 2024 – 2030
Render Token Records Increased Price Volatility!
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.
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.
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.
THETA Price Hints At A Potential Break Out Rally?
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%.
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.
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.
Also read, Render Price Prediction 2024 – 2030
