AI Tokens on the Verge:  Why Crypto Experts Are Bullish on (FET) and Render Token (RNDR)

Analyst Sensei, known as @SenseiBR_btc on X, has expressed optimism about (FET). In a tweet, Sensei stated, “I am just waiting for this breakout which will be the start of $FET run.”, a decentralized machine learning platform, has garnered significant attention from the crypto community.

Another crypto enthusiast, CryptogemsX (@bestcryptotoken), has doubled down on their belief in FET’s potential. In a tweet, CryptogemsX revealed, “I spent 3k and bought some $FET during this last days I am prepared to DCA in any case but I truly believe the only way is up from here Gaming and AI narrative will lead this bull run, it’s already programmed If you don’t understand I can’t help you more.” 

CryptogemsX’s conviction stems from the belief that the convergence of gaming and AI will drive the next bull run, positioning FET favorably.

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Render Token (RNDR) Technical Analysis

Meanwhile, altFINs, a top crypto analysis platform, has shared insights on the Render Token (RNDR). According to their analysis, RNDR’s price is in an uptrend, but the initial break above $13.00 has failed, suggesting potential profit-taking. However, altFINs recommends patiently waiting for a pullback opportunity, ideally to the $8 support level, for a swing trade entry in the uptrend.

Source: altFINS – Start using it today

Additionally, the analysis highlights that RNDR’s trend is bullish across all time horizons (short, medium, and long-term). While momentum is mixed, with the MACD line below the MACD signal line (bearish), the RSI remains above 55 (bullish).

Support and Resistance Levels

Regarding support and resistance levels, altFINs identifies the nearest support zone at $10.00 (previous resistance), followed by $8.00. Conversely, the nearest resistance zone is $13.00, with the next level at $15.00.

Overall, the crypto community remains focused on the potential of (FET) and Render Token (RNDR), with analysts and enthusiasts expressing their bullish sentiments. As the market continues to evolve, these tokens will be closely watched for potential breakouts and investment opportunities.

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Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.