Author: Our Crypto Talk, Crypto KOL

Translation: Felix, PANews

Shanzhai coins are soaring, and artificial intelligence will become the dominant narrative of the bull market. In the long run, will these projects bring a return of 100 times? Crypto KOL @ourcryptotalk will guide you to find the answer to the question from both short-term and long-term perspectives.

(This article is not investment advice)

The Render Network (RNDR)

Short-term Analysis

• RNDR has broken through the long-term resistance of $5 and is approaching $6
• Even if the AI hype subsides, RNDR may still be above $5. This will be the range to buy RNDR

Long-term Analysis

• RNDR was launched at the peak of the bull market and then experienced a downward trend
• For over a year, RNDR's price trend has continuously formed an HH HL structure, which is exciting
• ATH should be broken through in the next 2-3 months and reach $20 before the end of 2024

Openτensor (TAO)

Short-term Analysis

• TAO's price rise is supported by the bull flag pattern, with a target price of $620, which TAO has surpassed
• Bearish divergence indicates that several days of accumulation are still needed before the next rally

Long-term Analysis

• TAO is committed to development in 2023, with the following price trend
• The price range of $30 to $100 has been broken, setting a new high
• TAO's long-term target should be $1500 to $2000, as the AI field is still far below its peak

Injective (INJ)

Short-term Analysis

• Since touching ATH, INJ has been in what appears to be a bullish symmetrical triangle and has broken the upward structure
• The upward price target is $50, which will create a new ATH for INJ

Long-term Analysis

• In the long term, INJ may follow the trajectory of SOL in the last bull market
• The target price formed by the bullish flag pattern is above $100, which should be easily reached and surpassed by the end of 2024

Verasity (VRA)

Short-term Analysis

• Recently, VRA has risen 50% from $0.005 to $0.0075, forming an upward trend again
• The support level of $0.007 is important in the medium term, which has been surpassed, and the relative strength index (RSI) still has some room

Long-term Analysis

• Continuous accumulation since the bear market is a good sign, but it has lasted longer than expected
• If VRA can achieve even half of the increase in 2021, then it is worth buying in the current range

PAAL AI (PAAL)

Short-term Analysis

• From the relative strength index, the 4hTF has reached its peak, and the recent LH (lower high) indicates a decrease in short-term momentum
• Holders can take profits here, as the liquidation amplitude after this rise is large, and more can be bought during consolidation

Long-term Analysis

• PAAL has already exceeded the scope of technical analysis as the obvious descending triangle is broken
• The recent price trend is three times higher than expected, with long-term potential of 20-30 times

ARC (ARC)

Short-term Analysis

• The price has broken the descending wedge pattern, replicating the previous price trend, reaching ATH
• The current breakout price target should be close to the previous 7 cents

Long-term Analysis

• ARC is an early project in the AI field, but it has created HH (higher highs) and HL (higher lows) throughout the process
• If external factors remain unchanged, ARC will rise to 30 cents by 2024

NeurAI Project (XNA)

XNA is a relatively new project in the field, with only a 3-month history.

• Before going long on XNA, the resistance level of $0.0035 needs to be broken through
• A successful breakthrough will bring the price close to the long-term level of $0.01

Oraichain (ORAI)

Short-term Analysis

• The S/R (support and resistance) level was broken after reaching a one-year high of 8.5, losing support near $8 since January
• The current breakthrough and 15% increase are good signals for regaining support for further price increase

Long-term Analysis

• After breaking through $8.1, ORAI formed a cup and handle pattern, with a target price of $14
• The price needs to hold the neckline to avoid pattern failure

Related Reading: Technical Paradigm Resonance, 15,000-word detailed explanation of the panorama of AI + cryptocurrency

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