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BlockchainBaller
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#AI LEADS ALTCOIN COMEBACK
Price moves in the last 2 weeks :
$TAO +52%
$RENDER +45%
$FET +41%
The bottom was formed with bullish divergences indicated with oversold momentum on higher TFs.
Big developments in AI with ChatGPT and Claude have reflected the potential in decentralized AI as well.
But, as we zoom out, we just see a small bounce and the long term is yet to flip bullish.
> TAO looks the healthiest with a relevant weekly candle and needs to push over $300 to change the downtrend.
> RENDER needs to flip $3 which will also result in a double bottom breakout with a target of $5 on daily timeframe.
> QUBIC is in this falling wedge and another 2X from here would confirm a long term breakout from here.
> FET despite being one of the OGs appears to be in a massive downtrend and the bounce is just from the bullish divergence that was spotted 2 weeks ago.
The bounce is strong if you added at the bottom but the hope which these projects were looking at still exists.
Price moves in the last 2 weeks :
$TAO +52%
$RENDER +45%
$FET +41%
The bottom was formed with bullish divergences indicated with oversold momentum on higher TFs.
Big developments in AI with ChatGPT and Claude have reflected the potential in decentralized AI as well.
But, as we zoom out, we just see a small bounce and the long term is yet to flip bullish.
> TAO looks the healthiest with a relevant weekly candle and needs to push over $300 to change the downtrend.
> RENDER needs to flip $3 which will also result in a double bottom breakout with a target of $5 on daily timeframe.
> QUBIC is in this falling wedge and another 2X from here would confirm a long term breakout from here.
> FET despite being one of the OGs appears to be in a massive downtrend and the bounce is just from the bullish divergence that was spotted 2 weeks ago.
The bounce is strong if you added at the bottom but the hope which these projects were looking at still exists.