The price of Bitcoin begins the year by returning beyond $100,000, after having experienced several weeks of lateralization between $92,000 and $99,000. Is the king of cryptocurrencies ready to record an ATH yet? To do this, it will be necessary to get rid of the resistance around $103,000. Over the year 2024, it is the memecoin sector which is the big winner with an increase of more than 300% according to data from The Block. However, the second best performing sector is artificial intelligence (AI) with around 90% increase. This shows that the sector is sought after by investors, and that it could continue to perform in 2025. Let’s look at the situation of this sector in today’s analysis!
Artificial intelligence has been on the rise since August
Artificial intelligence (AI) continues to crystallize the attention of operators. After experiencing a period of correction between April and Augustit started to rise again. But while the price of Bitcoin has largely exceeded the ATH of 2021, the index ofAI present on The Block has not really exploded :
Since August, the sector has generally started to rise again. However, since December, the sector corrects. We are still far from a FOMO phase on the sector. Given the current dynamic, we can still hope that the sector continues to progress in the coming months. Let’s analyze some assets belonging to this category.
$670 has held the price of Bittensor (TAO) since February
The TAO course evolves within a overall bullish primary momentum for several months. After the period of correction between March and Julythe price returned to the level of resistance at $670. But the resistance continues to slow down price progressionand this, since February 2024:
Since the beginning of October, the TAO price has been evolving in a range between resistance at $670 and support at $460. To be able to exit the range, it will be necessary break the $670. Moreover, the breakage of this resistance could generate a little bullish volatility on the course. On the other hand, a loss of support at $460 could send TAO to the next support located at $340.
CSR a broken the bullish trendline and he moving downward for several months. As a result, the sellers have the advantage on momentum For now.
Artificial Superintelligence Alliance (FET) retains support at $1.4
Since the break of the bearish trendlinethe FET course displays ascending troughs and peakson the other side of the trendline. Recently, the course has stuck beyond resistance at $1.8and he came back around the support at $1.1. FET has been rebounding since December 20, and it is back above the level at $1.4 :
To be able to continue on the bullish momentumit will be necessary retain support at $1.4then go break resistance at $1.8. A break in the resistance and a close above last high at $2.2 would allow the course to continue draw bullish lows and highson the other side of the trendline. The price would then return close to the March highs. But if the support at $1.4 is lost, the next strong support lies at $1.1.
The RSI momentum indicator moving upwards for several months. To continue on this path, it will be necessary rebound and break the last high at 70.
NEAR Protocol (NEAR) could bounce towards resistance at $7.8
The NEAR course succeeded in retain support at $3.6 and to return around the 2024 peaks at the level of resistance at $7.8. For the moment, the sellers defend this resistanceand buyers fail on this technical level. Despite everything, the course displays a upward momentum since August :
In case of bounce off support at $5.5NEAR could once again find the resistance at $7.8. This time, will buyers be able to break the resistance? To find out, you will need keep the $5.5because otherwise the course could join the next support located at $3.6.
The RSI draws ascending troughs and peaks since August. These are the buyers who control the momentum so far.
Towards a return to $11 for Render (RENDER)?
Since the bearish trendline has been brokenthe course is clearly dominated by buyers. However, the resistance at $11 once again rejected the course, and RENDER corrected by almost 50%. Then, the price rebounded to the level of support at $6.5and he went back above the $8 level. Despite the correction, the institutional bias (EMA 9/EMA 18) remains bullish :
In case of retention of support at $8the price could return to the level of resistance at $11. We will have to be able to get sellers to give in at this level in order to surpass 2024 highs. On the other hand, in the case where the support at $8 does not allow a rebound, the RENDER price could return to the next support located at $6.5.
The RSI displays a clearly bullish momentum for several months. To continue on this path and so that the buyers can maintain the momentumit will be necessary exceed 76.
Internet Computer (ICP) could regain resistance at $14.5
Buyers responded around the support at $7and the course then found resistance at $14.5. But since the beginning of December, the price ofICP is fixing. The correction is potentially complete, but for this it will be necessary retain support at $11 and the moving averages 9 and 18 bullish :
If buyers push, a return on the resistance at $14.5 is possible. But to be able to return to the peaks of March, this resistance will have to be broken. If the support at $11 is lost, the price could fall towards the next support which is at $9. The ICP course remains generally oriented upwards since the bottom found in July. For his part, the RSI is bullishand he is back at the level of the bullish trendline. And bounce is possible here.
Key elements to remember
The fall of altcoins belonging to artificial intelligence is potentially over, a bottom seems to be taking shape across the entire sector. Despite everything, the various assets analyzed today will have to manage to maintain their support. And significant resistance remains to be overcome. According to Hunter Horsley, CEO of Bitwise, AI is one of the trends to follow in 2025.
