AI Token Costs Plunge as Bear Market Intensifies

• Crypto neighborhood curious on AI tokens freefall.
• FET, AGIX, and RNDR hunch after weeks of trending sideways.
• All three cash have misplaced about 30% worth previously week.

AI-based tokens are experiencing a downtrend, elevating issues within the crypto neighborhood. A number of prime AI tokens, together with FET, AGIX, and RNDR, have damaged key help ranges after weeks of sideways motion.

FET consolidated after hitting an all-time excessive of $3.485 on March 28. Initially showing as a minor pullback, the development has developed right into a basic value reversal, with FET’s value falling over 58% previously three months.

TradingView information exhibits FET entered a horizontal development in mid-April, oscillating round $2.168. Nevertheless, final week’s value motion noticed FET drop sharply, falling 32% since final Thursday to commerce at $1.540 on the time of writing.

SingularityNET’s AGIX token has adopted an identical sample. After reaching an all-time excessive in March, AGIX entered a sideways development earlier than breaking under help in a pointy decline.

AGIX presently trades at $0.658, marking a 30% drop previously week, in line with TradingView information.

Whereas AGIX broke via a number of help ranges, every day chart information exhibits it’s presently holding at a major help stage established on April 13.

Like FET and AGIX, RNDR has proven vital bearish momentum previously week, breaking under help and out of a horizontal channel. A 26.5% drop previously week has altered RNDR’s latest development sample. Nevertheless, the distributed GPU rendering protocol would want to interrupt under help round $6.5 to verify the downtrend. As of this writing, RNDR trades at $8.34, per TradingView information.