The current cryptocurrency market is witnessing significant growth of two leading AI tokens: Render (RENDER) and The Graph (GRT).
Render (RENDER) Token
The rapid rise in RENDER's price is due to a breakout above the critical resistance level of $8.00. The token is now trading at $8.22, backed by strong bullish sentiment. According to the technical chart, this breakout paves the way for a potential rally toward the next major resistance level at $10.87, an upside of approximately 33% from the current price.
The Graph (GRT) Token
Following in RENDER's footsteps, GRT also broke through a significant resistance level at $0.2230, now serving as a support level. It trades above this level at $0.2296, indicating strong buyer interest. The next potential target for GRT is $0.3046, representing a 32% increase from its current price. The technical chart shows a well-formed breakout supported by rising RSI levels. If GRT maintains this trend, further buying pressure may drive it toward higher resistance zones.
Rally Prospects
Both RENDER and GRT exhibit bullish technical patterns with strong breakouts and minimal immediate resistance levels. If the tokens maintain their upward momentum, they could see significant gains in the coming weeks. However, traders should exercise caution, as markets remain volatile, and a retest of breakout levels is possible.
RENDER and GRT continue to surprise market participants with their bullish patterns, but investors should remain cautious in volatile market conditions.
