AI crypto tokens Render and Near Protocol rally amid Anthropic’s Glasswing initiative

fxstreet.com 2 h

Analytics

Artificial Intelligence (AI) crypto tokens, such as Near Protocol ($NEAR) and Render (RNDR), are extending gains on Wednesday amid the launch of Antropic Glasswing initiative, while the broader cryptocurrency market recovery linked to the US-Iran ceasefire adds tailwind. Technically, Near Protocol recovery tests a trendline breakout while Render extends a breakout rally, suggesting renewed demand in AI crypto tokens.

Anthropic reveals high-severity vulnerabilities in major systems

Glasswing is a security initiative, partnered with leading tech companies, that enhances cybersecurity through Mythos Preview, an unreleased frontier model, which has already detected thousands of high-severity vulnerabilities in leading operating systems and browsers.

Under the Glasswing initiative, Anthropic has committed $100 million in usage credits and $4 million in donations to open-source cybersecurity projects, including Amazon Web Services, Anthropic, Apple, Broadcom, Cisco, CrowdStrike, Google, JPMorgan Chase, the Linux Foundation, Microsoft, NVIDIA, Palo Alto Networks, and 40 additional organizations.

According to Anthropic, AI models' coding capabilities surpass those of the most skilled humans in finding or exploiting software risks.

Technical outlook: Near Protocol and Render regain momentum

Near Protocol is up 4% at press time on Wednesday, maintaining a broadly constructive bullish bias. $NEAR tests the 100-day EMA at $1.37, near a descending trendline on the daily chart. This crucial resistance zone coincides with the 50% retracement level of the slip from $1.89 to $0.84, at $1.36. A decisive close above this zone would open the path toward the 78.6% Fibonacci retracement level at $1.66, near the 200-day EMA at $1.68.

Momentum conditions support the constructive tone on the daily chart, with the Relative Strength Index (RSI) at 64 in bullish territory and the Moving Average Convergence Divergence (MACD) turning positive, hinting at strengthening upside pressure.

On the flip side, a reversal in $NEAR could risk a decline toward the 50-day EMA at $1.26.

On the other hand, Render extends gains above $2.00 at press time on Wednesday, after a 10% jump the previous day and a daily close above a descending trendline connecting the September 19 and January 11 highs, near $1.93.

The AI token tests the 200-day Exponential Moving Average (EMA) at $2.12, while the 50-day EMA at 1.72 and the 100-day EMA at 1.75 sit comfortably below the market price, reinforcing a supportive backdrop. A decisive daily close above the 200-day EMA at $2.12 could extend the rally toward the January 11 peak at $2.71.

Momentum is firm, with the RSI near 69 but not yet in overbought territory, while the MACD histogram expands positively above zero, hinting that bullish pressure remains in control in the near term.