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HomeNewsOverall Crypto Market Is Down, but NEAR and AI Altcoins Are up...

Overall Crypto Market Is Down, but NEAR and AI Altcoins Are up – Here’s Why

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Amid a general slump in the crypto market, certain digital coins are defying the trend. NEAR and AI-focused altcoins are experiencing notable gains. This intriguing development raises questions about the factors driving their upward momentum. The article explores the reasons behind these coin performances and identifies which ones show potential for future growth.

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NEAR Protocol on a Rocky Road: Will it Rise or Fall?

NEAR Protocol’s price has been fluctuating between $4.08 and $5.50, showing modest volatility. It faces significant resistance at $6.09 and has strong support at $3.25. Despite an RSI of 46.11 and a Stochastic of 72.35 suggesting it’s not overbought, the MACD level is slightly negative at -0.03. With a recent sharp decline of almost 17% in the past month, the outlook is cautious. If it can break past the initial resistance, it might head towards the $7.50 mark, indicating a potential growth of around 50%. However, failure to hold current support could lead to declines toward $1.84.

ICP Struggles to Maintain Momentum, Unclear if It Will Rally or Fall

Internet Computer (ICP) is currently priced between $7.35 and $9.32. It’s facing resistance near $10.12 and support at $6.18. Over the past week, the price has dropped 2.62%, with a more significant decline of 11.54% over the past month. A six-month view shows a substantial fall of around 40.94%. Short-term indicators show mixed signals, with the RSI at 46.75 and MACD close to zero. The Stochastic index is at 57.84. ICP needs to break the $10.12 resistance to show any significant upward potential, which could be a 37% rise from its lower current range. Breaking the second resistance at $12.09 would mean a 65% increase. However, it’s also close to its support at $6.18, risking a fall to the next support level at $4.21.

Akash Network (AKT) Faces Uncertain Future with Price in a Tight Range

Akash Network (AKT) is trading between $2.41 and $3.00. It’s near its 10-day simple moving average of $2.70 but below the 100-day average of $2.77. The RSI is close to neutral at 53.99, while the stochastic is high at 85.39, hinting at possible overbought conditions. The MACD level is almost flat at 0.01. AKT’s price rose nearly 10% in the past week but has fallen about 9% in the last month and over 42% in the past six months. If AKT breaks the nearest resistance at $3.24, it could aim for the next level at $3.83. However, falling below $2.06 may lead to a dip toward $1.47.

AIOZ Network Price Hints at Potential Rally Amid Recent Decline

AIOZ Network’s price hovers between $0.42 and $0.53, sitting just below the 10-day and 100-day moving averages of $0.44 and $0.45, respectively. The recent decline by about 30% over the past month puts the coin near its support level of $0.36. However, a 46.91% rise over six months suggests possible growth. To trigger a rally, AIOZ needs to break the nearest resistance at $0.58, with further gains likely pushing it to $0.68. This could represent an approximate 30% growth. But currently, indicators like RSI and Stochastic remain low, signaling cautious optimism ahead.

Conclusion

NEAR, ICP, AKT, and AIOZ show less potential in the short term. CYBRO, a technologically advanced DeFi platform, offers investors unparalleled opportunities to maximize their earnings through AI-powered yield aggregation on the Blast blockchain. With features like lucrative staking rewards, exclusive airdrops, and cashback on purchases, CYBRO ensures a superior user experience characterized by seamless deposits and withdrawals. Emphasizing transparency, compliance, and quality, CYBRO stands out as a promising project with strong interest from crypto whales and influencers.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

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John Kiguru
John Kiguru
John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: [email protected] Phone: +49 160 92211628
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