The prices of NEAR, RNDR, and TAO have climbed over the past 24 hours. However, these tokens may not be able to sustain this trend.


The artificial intelligence (AI) token market has seen a rebound following Bitcoin’s (BTC) recent surge above $71,000.
Data from CoinMarketCap shows that the market value of artificial intelligence tokens has climbed 5% in the past 24 hours, and trading volume has increased by 20%.
Leading AI and big data-based cryptocurrency assets such as Near [NNEAR] 、Render [RNDR] and Bittensor [TAO] The values of BTC, ETH, ETH, and ETH have climbed 8%, 5%, and 7%, respectively, in the past 24 hours.
No clear signs of continued rise
An assessment of the token’s key momentum indicator, which tracks buy and sell activity, shows that the token’s price gains are not supported by any real demand from market participants.
It simply reflects the general cryptocurrency market’s gains over the past 24 hours.
For example, NEAR’s relative strength index (RSI) is 52.29, while its money flow index (MFI) is 26.96.
A combined reading of the two momentum indicator values shows that while sentiment remains mostly neutral, there has been a significant outflow of funds from the NEAR market.
This hints that the altcoin could give back recent gains as selling pressure increases.
Regarding RNDR, its Chaikin Money Flow (CMF) is below the zero line at the time of writing. This indicator measures the flow of money into and out of an asset market.
When its value returns below zero, it indicates market weakness. This indicates a surge in selling pressure marked by capital flight and suggests that prices may fall. As of this writing, RNDR's CMF is -0.05.
RNDR’s Aroon upside line (orange) is 0%, confirming the weakness of the current uptrend. The asset’s Aroon indicator measures its trend strength and potential price reversal points.
When the Aroon Up Line approaches zero, any market uptrend is considered weak and the most recent high was reached a long time ago.
TAO is not behaving any differently as its price is currently trading close to the 20-day exponential moving average (EMA).
When the price of an asset approaches this key moving average, the market consolidates as the price hovers in a range.
This is confirmed by TAO’s declining Average True Range (ATR), a measure of market volatility.
When it falls in this way, it indicates a period of indecision or consolidation in the market.