#AI concept coins gains momentum. Which ones are you holding?

These Two AI Tokens Are Predicted to Set New ATH Records, Check Out the Analysis!
Render (RNDR) and Fetch.ai (FET) are two artificial intelligence (AI) tokens that are now moving near all-time highs (ATH).
RNDR Lead AI Token Trend
Technical analysis on the weekly timeframe shows that RNDR prices have been climbing fast since the beginning of this year. In fact, this uptrend has spawned six bullish daily candlestick patterns in just seven days. This RNDR uptrend in particular has turned parabolic over the past two weeks, triggering a breakout of the ascending resistance trend line.
Yesterday (22/2), RNDR reached a peak of US$ 7.56, which is its highest price record since November 2021. More importantly, if the current weekly close can continue to hold, then it will be the highest closing price of all time. Also supporting this projection, one of the crypto traders Rendosh1 predicts the price of RNDR will reach double-digit numbers before the Bitcoin halving.
On the other hand, Eliz883 mentioned that his spot position has risen 55% in the last few days. Not stopping there, he also predicts the price of RNDR will reach a new record high later.
Interestingly, the weekly wave count is aligned with this bullish prediction. Using Elliott Wave theory, technical analysts examine long-term price patterns and repeated investor psychology to determine trend direction.
The most likely wave count says that RNDR is currently moving inside the fifth and final wave of its rising phase. If this wave is the same size as the previous two bullish waves, it will take the RNDR price towards a peak of US$8.50, or up 15% above the current price. Moreover, the location is also very close to the record ATH of US$8.80. However, if an extension occurs in this fifth wave, then RNDR has the potential to rise up to 60% towards the next resistance at US$11.60.
Although the RNDR price prediction is bullish, a weekly close below US$7 would signal that the local peak has been reached. Furthermore, RNDR price is likely to plummet 25% towards the upward resistance trend line at US$5.50.
FET Goes Above US$1
The price movement of FET itself is similar to the price movement of RNDR. The FET price has printed three consecutive bullish weekly candlestick patterns. At once, its price also managed to break through out of its long-term range (white color). If the current weekly close is still able to hold, then this will be the highest weekly close FET have ever carved in history. Yesterday (22/2), FET reached a peak of US $ 1.17, only slightly adrift below the record ATH at US $ 1.20.
Not only that, FET wave count was also much more bullish than RNDR wave count. As for the wave count, it is most likely to show that FET is now in the third wave of a five-wave upward move. The third wave has had more than 1.61 times the length of the first wave. So, the next resistance level is likely to hover around $1.60, or 43% above the current price.
However, despite this bullish FET price prediction, a close below the 1.61 Fibonacci level at $1.05 would signal that a local peak is already forming. Then, the price of FET threatened to collapse by 30% to the top of the range at US $ 0.80.
Source : id.beincrypto.com