Top 3 notable AI tokens as Perplexity invests $34.5 billion to integrate with Google Chrome

The artificial intelligence tokens (AI) are returning to trend thanks to the bounce back of the altcoin market and Perplexity's $34.5 billion bet on Google Chrome on Tuesday. Bittensor (TAO), Near Protocol (NEAR), and Render (RNDR) are leading the gains among top AI tokens, supported by optimistic technical outlooks indicating the potential for further bullish momentum.

Perplexity made this shocking proposal to Google, as the U.S. Department of Justice (DOJ) pursues a lawsuit related to allegations of Google Chrome's illegal monopoly in the search engine market. Amid the DOJ's request to sell the Chrome browser, Perplexity aims to gain market share and promote its AI-supported Comet browser.

Bittensor approaches a crucial turning point at 400 dollars

Bittensor (TAO) remains in a quiet state on Wednesday, following an 8% increase the previous day. This AI token is holding at a 50% retracement at $361, calculated from the peak of $712 on December 8 to the bottom of $183 on April 6.

The bounce back of TAO is still struggling to regain the $400 level, while the bulls are targeting the 61.8% Fibonacci at $424. A decisive close above this psychological level could extend the recovery.

The MACD indicator maintains a bullish trend after crossing above the signal line on Sunday and issuing a buy signal, indicating stable bullish momentum supporting upward opportunities.

The Relative Strength Index (RSI) on the daily chart is at 53, indicating that buying pressure remains above neutral.

Daily price chart of TAO | Source: TradingviewIn the near future, this AI token may retest the support level of 361 dollars if the selling pressure remains dominant at 400 dollars.

Near Protocol aims to break the 200-day EMA

Near Protocol (NEAR) is bullish nearly 8% at the time of writing on Wednesday, after gaining 7% on Tuesday, extending its bounce back from the 50-day EMA at $2.59. The recovery of NEAR is targeting the 200-day EMA at $2.96 as an immediate resistance.

A decisive push above this moving average will help NEAR regain the $3 level, while also having the potential to extend the bullish momentum to test the 50% retracement level at $3.87, calculated from $8.24 on December 6 to $1.82 on April 9.

The bullish trend is clearly reflected through the momentum indicators, enhancing the bounce back potential, as the RSI at 57 indicates that buying pressure is increasing and the MACD has crossed above the signal line.

NEAR Daily Price Chart | Source: TradingviewConversely, if it closes below the 50-day EMA at $2.59, NEAR could extend its downtrend to the support level of $2.14. This level was last tested on July 8.

Render may encounter resistance at an important trendline

Render (RENDER) bounced back 8% on Tuesday and continued a bullish trend with an additional 9% at the time of writing on Wednesday. The recovery momentum of RENDER aims for the 200-day EMA at $4.3, moving close to the resistance trend line formed by connecting the closing levels of January 21 and May 10.

Investors may see a decisive close above the 200-day EMA as a buying opportunity, with a potential target being the 50% retracement level from the closing price on December 6 at $10.47 and the closing price on March 10 at $2.73, at $5.35.

Momentum indicators support a bullish outlook, similar to previous AI tokens, with the RSI at 57 and the MACD along with the signal line increasing, indicating that bullish momentum is strengthening.

Daily RENDER price chart | Source: TradingviewConversely, if it reverses from the resistance trend line, the price may retest the 50-day EMA at $3.82.

Dinh Dinh