Perplexity plans a $34.5 billion acquisition of Chrome! A comprehensive analysis of the technology behind three major AI tokens: TAO, NEAR, RNDR.

Artificial Intelligence (AI) concept coins experienced a strong rebound this week, with Bittensor (TAO), Near Protocol (NEAR), and Render (RNDR) leading the zone. This surge not only benefited from the overall recovery of the alts market but was also stimulated by a major piece of news—AI search company Perplexity made a forward offer of $34.5 billion to Google for the acquisition of the Chrome browser, aiming to expand the market share of its AI browser Comet.

As the U.S. Department of Justice files a lawsuit against Google for allegedly monopolizing the search market, this move is seen as a potential catalyst for the integration of AI and Web3, driving multiple AI coin technologies to strengthen.

AI Token Market Background and Catalysts

Macroeconomic background: The U.S. Department of Justice requires Google to sell the Chrome browser to open up market space for new competitors.

Catalyst: The acquisition proposal of Perplexity has sparked the market's imagination about the expansion of the AI ecosystem, with a noticeable increase in capital inflow to the AI token zone.

Market sentiment: The RSI and MACD indicators of most AI tokens have turned bullish, indicating an increase in short-term upward momentum.

Bittensor (TAO) Technical Analysis: Challenging the $400 Level

(Source: Trading View)

After a nearly 9% increase on Tuesday, TAO's price is approaching the psychological resistance level of $400, currently holding at the 50% retracement level of $361 (calculated from last year's high of $712 to a low of $183).

Target for upward movement: If it breaks through 400 dollars, the next level to watch is the 61.8% Fibonacci retracement level at 424 dollars.

Technical Indicators: MACD has remained bullish since breaking the signal line last week, with an RSI of 53, indicating stable buying pressure.

Downside risk: If the resistance at 400 dollars is not broken, a retest of the support at 361 dollars may occur.

Near Protocol (NEAR) Technical Analysis: Targeting 200-Day EMA

(Source: Trading View)

After rebounding from the 50-day EMA at $2.59, NEAR has risen for two consecutive days, with a slight increase of nearly 2% on Wednesday.

Upward target: Short-term resistance is the 200-day EMA at $2.96. After breaking through, it is expected to challenge the $3.00 integer level and further test the 50% retracement level at $3.87.

Technical Indicators: RSI is at 57, MACD has crossed the signal line, indicating a rebound in momentum.

Downside risk: If it falls below $2.59, it may retreat to the support level of $2.14.

Render (RNDR) Technical Analysis: Approaching Key Resistance Trend Line

(Source: Trading View)

RNDR surged 8% on Tuesday and rose another 2% on Wednesday, aiming directly at the 200-day EMA of $4.30, a position that coincides with a long-term resistance trend line.

Upside target: If a valid breakout occurs, the potential target is the 50% retracement level of 5.35 USD (calculated from the high of 10.47 USD to the low of 2.73 USD).

Technical indicators: RSI is 57, and MACD shows an upward trend, indicating an increase in bullish momentum.

Downside risk: If it is blocked and falls back, it may retest the 50-day EMA at $3.82.

Market Outlook and Risks

Positive factors: The acquisition news of Perplexity has generated strong market attention towards the AI concept, with short-term capital sentiment leaning towards bullish.

Technical support: The three major AI tokens are all near key resistance levels, and a breakthrough is expected to trigger a new round of pump.

Potential risks: If macro market sentiment weakens or news cools down, short-term pullback pressure may increase.

Conclusion

Perplexity's $34.5 billion acquisition proposal not only has the potential to change the browser market landscape but also injects new imaginative space into the AI token zone. The technical aspects of Bittensor, Near Protocol, and RNDR all show breakout potential, but investors still need to pay attention to the performance of key resistance levels and changes in market sentiment. Gate will continue to track the AI token market, providing users with the latest price analysis and trading strategies.