NEAR, GRT and FET price alerts are bearish this week?

The crypto market showed mixed sentiment over the past weekend, with Bitcoin price seeing a consolidated weekend. In contrast, altcoin leader ETH price added over 5% to its valuation during this period.

However, AI tokens have shown weak price action over the past few days, with top AI cryptocurrencies seeing a significant correction in their respective portfolios. This highlights a steady decline in hype for these altcoins in the crypto space.

With the Artificial Intelligence (AI) category halting its price rise, are major AI tokens poised to see a significant correction in the coming month?

Dive in because, in this article, we have covered the detailed price analysis and short-term price targets for NEAR, FET, and GRT tokens.

The price close to the protocol suggests a major breakdown:

Despite increased price volatility in the crypto market, NEAR price showed weak price action by registering a loss of 3.62% over the last 24 hours and 1.45% over the last seven days , indicating a significant increase in investor disinterest in it. .

Moreover, Near Protocol price has formed a symmetrical triangle pattern during the 1D timeframe and is about to break it, the outcome of which is uncertain.

The 50/200 day Cross EMA is showing a steady uptrend in the price chart, indicating a positive influence on the AI ​​token. However, the RSI records neutral price action, highlighting mixed sentiment towards the NEAR token in the crypto market.

If the bulls break out of the symmetrical triangle pattern, NEAR price will prepare to test its upper resistance level of $9 in the coming times. Conversely, a chart breakout could cause the price to fall towards its lower support at 6.225 over the coming weeks.

Bearish Sentiment Intensifies as GRT Price Shows Negative Price Action:

After exhibiting bullish price action since the start of the month, The Graph price was rejected at the $0.3550 resistance level, causing it to form a symmetrical triangle pattern on the 1D timeframe.

The SMA is showing a negative crossover in the price chart, suggesting weak price action for the altcoin.

Additionally, the Moving Average Convergence Divergence (MACD) shows a strong possibility of bearish convergence, which suggests that the price will continue to lose value in the coming times.

If the market regains momentum, the bulls will prepare to break out from the resistance trendline of the triangle pattern. However, if the bears continue to dominate the market, GRT price will test its $0.2950 support level this month.

Fetch.AI (FET) price forms a channel pattern!

FET price continues to show weak price action recording a loss of 1.14% over the past day and 1.02% over the past seven days. Additionally, Fetch.AI price has seen gains of less than 5% over the past 30 days, indicating growing investor disinterest in AI tokens.

Positively, FET price has formed an ascending channel pattern in its price chart by recording higher highs and higher lows. However, the simple moving average (SMA) shows a bearish curve in the price chart.

Additionally, the Relative Strength Index (RSI) breaks down the midpoint with its average showing a neutral trend, highlighting the uncertainty over the future price action of the Fetch.AI token.

If the market pushes FET price above the $2.369 resistance level, bulls will prepare to retest the resistance trendline of the channel pattern. Negatively, bearish price action could pull the price towards its support trendline.