The AItseason seems to be making a strong comeback, with altcoins showing impressive gains. Two standout performers are TAO and RENDER. Both of these are strong representatives of top AI cryptos.
The TAO price has surged by 15.97% in the last day and a notable 80.35% in the past week, leading as today’s top crypto gainer.
Meanwhile, the RENDER price also experienced a decent 9.38% pump in the last day and 23.87% over the past week. These gains indicate a renewed interest in altcoins, suggesting that the AI crypto season may be back, which is driven by the strong performance of these coins.
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Show more +Show less – $RENDER Breaks Out: Bullish Momentum Takes Hold
Render ($RENDER) has captured attention with its recent bullish breakout. Top analyst “@seth_fin” on X (formerly Twitter) stated that $RENDER broke out of a key descending trendline and is gaining traction, aided by a bullish MACD crossover on the 3-day chart.
#Altcoins $RENDER just broke out. 3-Day MACD crossed bullish. It is about to Rip hard. 7% up for the day!Many AI are starting to move after months of correction. #Crypto NFA DYOR https://t.co/QS1NxQpaHo pic.twitter.com/SUudT3wU83
— Seth (@seth_fin) September 23, 2024
Seth highlighted that Render’s bullish momentum coincides with a broader resurgence in AI tokens. He emphasized that many AI tokens have been “ripping hard” after months of downward correction. The positive sentiment around altcoins signals a potential sector-wide recovery.
TAO: Leading the Crypto Gainers
Lamden Token ($TAO) has outperformed most Al cryptocurrencies over the past week. Analyst Quinten “@QuintenFrancois” pointed out that $TAO has broken through major resistance levels, including the $360 mark, and is now eyeing the $560 level.
Moreover, the technical setup on $TAO’s chart suggests the potential for further upward movement, even with a minor rejection at this resistance point.
Image Source: X/QuintenFrancois
The analyst described $TAO’s current setup as one of the “most beautiful” among altcoins, suggesting that a new all-time high may be on the horizon. As $TAO continues to build momentum, traders are on the lookout for a potential breakout to new highs.
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Both $RENDER and $TAO are benefiting from bullish chart patterns, indicating strong potential for further gains. The MACD crossover on RENDER’s chart points to upward momentum, while TAO’s breakthrough key resistance levels signal that the token could be preparing for an even larger rally. These technical indicators are drawing increased attention to these AItcoins.
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