Crypto Analyst Predicts Downward Movements for RNDR and TAO
Crypto Analyst Predictions:
- Leading cryptocurrency analyst Altcoin Sherpa predicts potential downward movements for Render (RNDR) and Bittensor (TAO) in the AI sector of the crypto market.
- Altcoin Sherpa also warns about Prom (PROM) in the analysis.
Analysis of RNDR and TAO:
- Altcoin Sherpa provides specific price levels for potential buying and selling opportunities for RNDR and TAO.
- RNDR might revisit the 0.618 Fibonacci level before continuing its upward trend, while TAO could potentially drop to around $400.
RNDR Analysis:
- Altcoin Sherpa expresses confidence in RNDR's long-term trajectory and advises investors to consider buying within a range up to $6.
TAO Analysis:
- Altcoin Sherpa describes TAO as an altcoin potentially ready for further declines, identifying the 0.50 Fibonacci level as a potential support area.
PROM Analysis:
- Altcoin Sherpa indicates a significant likelihood of selling for PROM if it fails to maintain its support level around $9.45, warning of a potential significant pullback if support is breached.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0167 | 0.019 | 0.0211 | 0.0234 | 0.0255 | 0.0278 | 0.0299 |
| Fibonacci | 0.019 | 0.0207 | 0.0217 | 0.0234 | 0.0251 | 0.0261 | 0.0278 |
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