Crypto AI under pressure : Opportunities before the next rally ?

The cryptocurrency market continues its strong downtrend, initiated after the rallies at the end of 2024.

The cryptocurrency market continues its strong downtrend, initiated after the rallies at the end of 2024. In the past 24 hours, the price of Ethereum (ETH) has dropped by over 8%, moving from its December high of $4,000 to its current level of $1,900. This has put immense pressure on the entire altcoin market, including AI cryptos!

In this bearish context, three main AI cryptos, Render, Near Protocol, and Virtuals Protocol, have been pulled down to test key support/demand areas. These two tokens have experienced a drop of over 7% in the last 24 hours and a major correction of over 60% in the last 90 days. Here are our Top 3 AI cryptocurrencies to closely monitor in March 2025 before a potential rebound:

1. Render (RENDER)

The weekly chart of RENDER reveals a clear descending triangle pattern, which has been forming for nearly a year. After reaching a peak at $11.90 in December 2024, the price faced multiple rejections from the descending trendline, leading to a prolonged correction.

Currently, RENDER is trading around the $2.80 demand zone, which previously acted as a strong resistance level before turning into support. This is a crucial level historically associated with bullish reversals. Thus, it is a level to watch for a potential rebound.

Another key observation is that the price is trading below the 100-day moving average, indicating a strong bearish momentum. However, the MACD indicator shows early signs of weakening selling pressure. The histogram bars are narrowing, indicating that the bearish momentum may be fading. This could pave the way for a potential trend reversal.

If buyers step in and this support level holds, RENDER could experience a rebound towards the upper resistance line of the triangle, potentially targeting the $8.00 range in the short term.

2. Near Protocol (NEAR)

Similar to RENDER, NEAR has also formed a descending triangle pattern on the weekly chart. After reaching a peak of $8.24 in December, the price has steadily declined due to repeated rejections from the upper trendline.

At the time of writing, NEAR is trading near the $2.40 support zone, which has historically played a crucial role of resistance before turning into support. This zone has been essential in past reversals, making it a critical level to monitor.

NEAR is also trading below the 100-day moving average, indicating that the bearish pressure remains dominant. However, like RENDER, the MACD histogram shows signs of reduced selling momentum, which could suggest a potential trend change.

If NEAR manages to hold above this demand zone, we could see a relief rally towards the descending trendline.

3. Virtuals Protocol (VIRTUAL)

3. Virtual Protocol (Virtual)

3. Virtual Protocol (Virtual)

The VIRTUAL token has recently been among the hardest hit by the wave of corrections that swept the crypto market. After experiencing explosive rallies related to the excitement around artificial intelligence, the asset has plunged by over 70% in the last 90 days.

However, as the market as a whole seems to be entering a stabilization phase, VIRTUAL shows promising signs of recovery. In the last week, it has recorded notable gains, supported by maintaining crucial support levels.

Of particular interest is that the token now seems to be forming a “V” reversal structure. A classic bullish pattern often associated with the beginning of a new trend. This technical setup suggests the possibility of a more sustainable rebound.

VIRTUAL, the token has found a strong support at $0.48, a major support level represented in green on the chart. It is from this base that the recovery started, currently carrying the price around $0.77.

The next crucial hurdles are at the 50-day moving average and the $1.20 zone. A decisive breakthrough of these levels could trigger a new bullish momentum.

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