Date: Monday, December 23, 2024, 14:19 GMT

Over the past week, the cryptocurrency market has experienced a sharp correction: since December 17, Bitcoin (BTC) has significantly fallen, reaching a low of $92,000, and is currently trading around $94,000.

After the correction of Bitcoin, well-known AI-focused tokens like Render (RENDER) and Bittensor (TAO) also faced a sharp decline over the past seven days. RENDER fell by nearly 21%, while TAO dropped by more than 17%.

Source: Coinmarketcap

However, both tokens are currently holding at critical support levels, offering a glimmer of hope for a possible recovery.

Render (RENDER):

Render is currently retesting the breakout zone of its previously broken descending triangle on the daily chart. This pattern led RENDER to a recent high of $13.83. Amid the current correction, $RENDER has returned to an important support zone between $7.23 and $7.54. As of this writing, it is trading slightly lower at $7.05.