As the White House Crypto Summit approaches, cryptocurrency markets are buzzing with anticipation, especially surrounding AI-powered tokens. While Bitcoin (BTC) continues to dominate attention, a notable shift is taking place, with investors increasingly favoring crypto AI altcoins. This trend is being driven by strong momentum in the sector, ahead of crucial discussions on regulatory frameworks and innovation at the upcoming summit.
AI Tokens Surge in Anticipation of Summit
Over the past 24 hours, AI-related cryptocurrencies have displayed impressive growth, with their market capitalization rising by 3.9% to reach $26.8 billion. This adds over $700 million to the sector, outpacing the broader crypto market’s 6.2% increase. Among the leaders in this rally are NEAR Protocol (NEAR), which surged by 9.2% to $3.14, and Render Network (RNDR), which climbed 9.4% to $4.02.
In addition, Internet Computer (ICP) saw a more modest gain of 2.3%, pushing its price to $6.31. However, not all AI tokens are experiencing this upward trend. Bittensor (TAO), for example, dropped 5.1%, bringing its price to $286.32, marking a 19.5% decline over the past week.
Despite these fluctuations, the AI token sector remains buoyed by growing investor interest, particularly in blockchain-based machine learning solutions. NEAR Protocol’s substantial trading volume of $248 million highlights the strong accumulation of assets, reinforcing bullish sentiment for this segment.
Render Network: Bullish Momentum as Price Targets $4.60
Render Network (RNDR) is showing signs of a potential breakout, currently consolidating around $3.61. Bollinger Bands indicate reduced volatility, often a precursor to significant price movements. A bullish breakout above $3.97, the mid-band resistance, could propel RNDR toward the $4.60 level, with further upside possible if the trend persists. However, failure to maintain support could push the price back toward $3.35.
The MACD indicator shows that bearish momentum is waning, and if it crosses into positive territory, it could signal a further bullish shift, reinforcing the potential for a move toward $4.60. Conversely, any continued bearish pressure might drag the price lower, potentially revisiting $3.00. As the White House Crypto Summit draws near, RNDR could see heightened volatility, driven by sentiment shifts and liquidity inflows.
Artificial Superintelligence Alliance (FET): Double-Bottom Formation Points to $4 Target
The price of Artificial Superintelligence Alliance (FET) is showing early signs of reversal, forming a double-bottom pattern near $0.60—a technical structure known for signaling bullish breakouts. Although FET remains within a longer-term downtrend, the recent recovery efforts suggest increasing accumulation. A decisive move above the neckline resistance would validate this pattern, potentially driving FET toward a price target near $4.
The Bull-Bear Power (BBP) indicator is currently showing negative values, indicating lingering bearish pressure. However, the diminishing intensity of the red bars points to a potential momentum shift. If the BBP turns positive, it would signal growing bullish strength, supported by rising trading volume. Conversely, failure to hold above the $0.60 support level could invalidate the bullish thesis, with the price potentially retesting previous lows.
For leveraged traders, volatility remains a key factor, with sharp price fluctuations possible as the market reacts to the unfolding developments. A breakout above resistance could open the path to $1, with further potential towards $4.
NEAR Protocol: Bulls Eye $3.80 as Momentum Builds
NEAR Protocol (NEAR) is attempting a bullish reversal, stabilizing around $2.93 after a prolonged downtrend. The Keltner Channel (KC) indicator is showing signs of volatility compression, with the price hugging the lower band at $2.55, suggesting that NEAR may be oversold. A breakout above $3.19, the median KC line, could push the price towards $3.80 as the bulls take control.
The MACD indicator further supports the possibility of a bullish shift, with light green histogram bars signaling weakening bearish momentum. A sustained cross above the signal line would reinforce the bullish case, but failure to maintain momentum could lead to a retest of lower levels, including $2.55 and $2.20.
Market liquidity will play a significant role in the coming days, especially with leveraged positions influencing price action. A false breakout above $3.19 could fuel rapid price movements, while a breakdown below support might lead to additional selling pressure. A strong close above $3.20 would enhance bullish sentiment and pave the way for further gains.
AI Tokens Gain Ground as Regulatory Discussions Loom
With the White House Crypto Summit just around the corner, the focus of the crypto market is shifting toward AI tokens, which are capturing growing investor interest. As discussions on regulatory frameworks for the crypto industry intensify, AI-driven blockchain projects could see increased institutional support. The coming days may provide crucial insights into how AI-centric tokens, including FET, NEAR, and RNDR, will perform in response to shifting regulatory winds and market sentiment.
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