Following Donald Trump's election victory and his support for cryptocurrencies, Bitcoin has surged to a new all-time high, boosting AI tokens like Bittensor (TAO), Artificial Superintelligence Alliance (FET), and Render (RENDER).
Bittensor (TAO) Shows Strength
TAO has shown strength by breaking above the $512 level, currently trading around $522. This breakout is significant as it signals a potential continuation of the upward trend. The next major hurdle is at $682, a previous resistance level. A sustained move above this resistance could pave the way for further gains.
Artificial Superintelligence Alliance (FET) Consolidates
FET has bounced off support at $1.26 and is now consolidating around $1.43. It is approaching the first resistance level at $1.50, followed by a secondary resistance at $1.70. Breaking above $1.50 could encourage more buyers, paving the way toward $1.70.
Render (RENDER) Continues Uptrend
RENDER is holding above its breakout level of $5.06, currently trading around $5.11. The next key level to watch is $6.90, which represents significant overhead resistance. A move above this level could signal the continuation of a broader uptrend.
TAO, FET, and RENDER are showing bullish patterns amid the current market rally. Each faces key resistance levels that could either confirm the uptrend or signal consolidation.
