Near Protocol (NEAR) & $FET Price Rebound, 30% Surge Incoming?

The post Near Protocol (NEAR) & $FET Price Rebound, 30% Surge Incoming? appeared first on Coinpedia Fintech News

The price volatility in the crypto market resumes with top tokens recording a significant price movement in their valuations within a short period. Moreover, the altcoin leader, Ethereum price continues trading around its $2.65K mark over the past week.

On the other hand, the AI category has regained momentum and has displayed a constant rise in their respective portfolios over the past few days. With the rising price fluctuations, is this the right time to invest in altcoins?

Let’s take a quick look at the market sentiment, price analysis, and potential short-lived price projections of the top 2 Artificial Intelligence (AI) for this month.

Artificial Superintelligence Alliance (FET) Price Action

With a jump of 5.34% within the past week, the Artificial Superintelligence Alliance price has claimed the 32nd position in the global crypto-list with a market capitalization of $2.230 Billion. Further, it has added 2.89% within the past day with a trading volume of $104.49 Million.

TradingView: FET/USDT

The Relative Strength Index (RSI) displays a constant rise in the FET price chart, suggesting a weak price action for the altcoin in the crypto market. Moreover, the average trendline records a flatline, suggesting uncertainty in future price projections.

If the market pushes the FET price above its resistance level of $1.050, the bulls will prepare to test its upper level of $1.650. On the flip side, a bearish reversal could pull the altcoin toward its crucial support level of $0.50 this month.

Near Protocol (NEAR) Price Action

Amid increased price action in the cryptocurrency space, the Near Protocol price has jumped approximately 3% within the past day with a change of +31.85% in its trading volume to $234.83 Million. Despite recording a bearish action over the past weeks, it has a YTD return of over 10%.

TradingView: NEAR/USDT

The technical indicator, MACD has recorded a rising green histogram with its averages showing a positive crossover. This highlights increased bullish sentiment in the market. However, the EMA 50/200-day displays a Death Cross, suggesting a mixed sentiment.

Suppose, the bulls continue trading under a positive influence, in this case, the NEAR price will head toward its resistance level of $4.925 during the upcoming weeks. Conversely, if the bears regain control, this AI could retest its low of $3.70.