Could the Time of AI Hype in Crypto Be Over? Price Predictions for Near Protocol (NEAR), Filecoin (FIL) and Render

The current buzz around AI and crypto may be waning, prompting questions about the future of various digital assets. Will Near Protocol, Filecoin, and Render stand out in the evolving landscape? Explore whether these cryptocurrencies are poised for a surge, as the market's dynamics shift and new opportunities emerge for savvy investors.

NEAR Protocol: Price Dynamics and Key Support/Resistance Levels

NEAR price declined nearly 19.45% over the past month and 57.08% in the last six months, with trading mostly occurring between $1.91 and $3.33. This significant drop highlights a prevailing bearish trend that has weighed on market sentiment during these periods, indicating a struggle for upward momentum.

Current trading shows key support at $1.32 and primary resistance near $4.16, with a secondary resistance at $5.57. Negative indicators, including an oscillator reading of -0.391, momentum at -0.318, and an RSI of 40.17, suggest bearish dominance. Traders may look to implement strategies that take advantage of price fluctuations within these levels to optimize their entry and exit points.

Filecoin Market Snapshot: Recovery Flicker Amid Longer Bearish Trend

FIL declined by 14.20% over the past month and dropped 32.79% in the last six months, while showing a 6.68% weekly gain. Price oscillated between a lower bound of around $2.29 and an upper limit near $3.44. The recent rebound hints at a possible short-term recovery amid overall bearish pressure over the longer term.

Current price action centers on a support level at $1.79 and resistance near $4.10, with a broader ceiling at $5.25 and a lower boundary around $0.64. Market indicators lean slightly negative. Bears appear in control for now, making it wise to trade within these levels while watching for a shift toward a clearer trend.

RENDER Price Surge Amid Mixed Historical Trends

Recent Render price action shows a noticeable jump over the past week, alongside a monthly gain. Despite a half-year change reflecting earlier setbacks, recent months indicate a volatile phase with a recovery trend. The altcoin experienced a substantial increase, hinting at a rebound following prior declines, suggesting potential for future gains.

Current prices range between $2.46 and $4.42, testing a resistance level near $5.43 while support sits around $1.52. Market indicators show moderate bullish strength with an RSI at 58.88 and positive momentum, but summary and moving average signals suggest caution. Traders might consider buying near support, aiming for quick profits near resistance levels.

Conclusion

The impact of AI hype on the crypto market is uncertain. NEAR, FIL, and Render have shown varying levels of interest from investors. NEAR continues to hold potential due to its unique features. FIL could attract attention with its storage solutions. Render may appeal to those who value decentralized computing power. Investors should keep a close eye on these coins as they navigate the changing trends.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.