INJ, RENDER, THETA Price Analysis: Will the AI Category Make a Bullish Comeback This Q4?

As the price of Bitcoin (BTC) reclaims the $62,000 mark during the early Asian trading hours, the cryptocurrency market has experienced a strong

As Bitcoin (BTC) price reclaims the $62,000 mark early in Asian trading hours, the cryptocurrency market has seen a strong bullish recovery with leading altcoins making their way toward their key resistance levels.

But while the meme coin category has recorded the highest gains, the Artificial Intelligence (AI) category has resurfaced with many tokens clocking a significant surge and putting the AI category back in the spotlight.

Is the AI category set for a bullish Q4 comeback? Keep reading as, in this piece, we at CoinPedia have put together in-depth research on the Injective (INJ), Render (RENDER), and Theta Network (THETA) crypto projects.

INJ Price Set To Test Key Resistance?

Amid the bullish price action, the Injective coin price has surged by 7.82% in 24 hours with a trading volume of $114.10 million. Moreover, it has managed to reclaim the $20 mark and is up by 10.87% over the past month. Notably, the altcoin is close to testing its trendline resistance, the outcome of which remains to be seen.

The Simple Moving Average (SMA) provides support to the Injective price chart in the 1D time. Further, the MACD indicator showcases a rising pattern with its averages, indicating a bullish outlook for the AI token in the upcoming session.

If the bulls manage to break out of the resistance level of $21.35, the INJ coin price will prepare to test its upper high of $28.25 in the coming time. On the other hand, a bearish reversal could pull the price toward its crucial low of $15 this month.

Read also, Injective Price Prediction 2024 – 2030

Render Token Clocks Increased Price Volatility!

With a gain of ~11% in 24 hours, the Render price has surged past the $5 mark. Notably, it has recorded a 24-hour High/Low of $5.19 and $4.62 with a trading volume of $324.04 million. Moreover, it has secured the 34th position with a YTD return of ~15% and a market cap of $2.66B.

The EMA 50-day acts as a resistance to the price chart in the 1D time. However, the Relative Strength Index (RSI) has broken out of its neutral point and showcases a bullish convergence in its RNDR price chart. This indicates mixed sentiment for the ERC-20 token in the market.

If the bulls regain momentum, the Render price will be up for grabs to head toward its upper level of $7.18 in the upcoming session. In the opposite scenario, wherein uncertainty continues over the crypto market, the Render token could be up for grabs to plunge toward its low of $3.65.

THETA Price暗示潜在突破集会？

Despite the odds, the Theta Network price has surged by 10.52% in 24 hours and is up by 16.56% over the past week. Moreover, it has jumped by 18.54% in the past 30 days and has clocked a Year-to-Date (YTD) return of 11.86%.

The MACD indicator has seen a continuous rise in the green histogram and its averages showcase a similar action. With its SMA providing support to the price chart, the THETA token hints at a bullish outlook in the upcoming session.

Maintaining the price above its resistance/support level of $1.410 could set the stage for this altcoin to head toward its upper level of $1.975 during the upcoming weeks. However, bearish price action could see it retesting its low of $0.930.

Read also, Render Price Prediction 2024 – 2030

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