The cryptocurrency market is beginning to show signs of recovery after a week of instability. Among AI-focused tokens, RENDER and TAO are starting to rebound.
Market Overview
The cryptocurrency market is undergoing stabilization after significant losses in the first quarter, where Ethereum (ETH) recorded its worst performance since 2018, dropping by 45%. President Trump's recent announcement of a 90-day tariff pause has improved investor sentiment.
Analysis of RENDER Token
The RENDER token is beginning to recover, gaining 24% in the last 30 days, though its 90-day losses stand at 49%. The chart shows a classic 'double bottom' pattern, suggesting the potential start of a new uptrend. After dropping below the $2.50 support level, RENDER has rebounded to $3.60, which is 32% above recent lows. If it breaks the $4.21 level, it could open the path to resistance at $4.83.
Technical Aspects of TAO Token
Bittensor (TAO) may also be on a path to recovery, having a similar price structure. Its price bottomed around $167, and the current quote near $241 indicates the possibility of a reversal. Should this pattern be confirmed, further movement toward the resistance range of $741–$783 may follow. Additionally, the MACD shows signs of a bullish crossover, which often precedes a trend reversal.
Tokens RENDER and TAO show encouraging signals of recovery amid improved market sentiment. Investors are continuing to monitor the situation.
