Delving into the trading implications, Andrew Ng’s statement could catalyze long-term interest in AI-integrated blockchain solutions, creating buying opportunities for tokens like FET and RNDR, as well as emerging projects like Ocean Protocol (OCEAN), which saw a 2.9% price bump from $0.85 to $0.875 by May 1, 2025, at 1:00 PM EST (Source: KuCoin price data, May 1, 2025, 1:00 PM EST). The trading pair FET/USDT on Binance recorded a 20% increase in order book depth on the buy side within three hours of the news, indicating strong accumulation by investors (Source: Binance order book data, May 1, 2025, 1:30 PM EST). Meanwhile, RNDR/BTC pair on Coinbase showed a 12% uptick in trading activity, with volumes reaching 1.2 million RNDR compared to a prior 24-hour average of 0.9 million (Source: Coinbase volume data, May 1, 2025, 1:45 PM EST). On-chain data further supports a bullish outlook for AI tokens, as whale transactions for FET above $100,000 increased by 7% to 45 transactions within four hours of the tweet (Source: Whale Alert, May 1, 2025, 2:00 PM EST). This suggests institutional or high-net-worth interest in AI crypto assets following the news. For traders exploring ‘best AI crypto tokens to buy’ or ‘AI blockchain trading strategies,’ the current market sentiment offers entry points around key support levels, especially as broader crypto assets like BTC and ETH stabilize post-news. The correlation between AI developments and crypto market sentiment is clear, with social media mentions of ‘AI crypto’ rising by 25% on platforms like Twitter within six hours of Ng’s statement (Source: LunarCrush social metrics, May 1, 2025, 4:00 PM EST). This heightened buzz could sustain upward momentum for AI-related tokens in the short term, presenting scalping and swing trading opportunities.
From a technical perspective, Fetch.ai (FET) is showing bullish signals on the 4-hour chart as of May 1, 2025, at 3:00 PM EST, with the Relative Strength Index (RSI) moving from 52 to 58, indicating growing buying pressure (Source: TradingView, May 1, 2025, 3:00 PM EST). The Moving Average Convergence Divergence (MACD) for FET also crossed above the signal line at 2:30 PM EST, suggesting potential for further upside (Source: TradingView, May 1, 2025, 2:30 PM EST). Render Token (RNDR) mirrors this trend, with its 50-day Exponential Moving Average (EMA) providing support at $7.90 as of 3:15 PM EST, while trading volume for RNDR/USDT pair on Binance hit 6.1 million tokens, a 22% increase from the prior 24-hour average of 5 million (Source: Binance volume data, May 1, 2025, 3:15 PM EST). For broader market context, Bitcoin’s RSI on the daily chart stands at 55, reflecting neutral-to-bullish sentiment as of 3:30 PM EST (Source: TradingView, May 1, 2025, 3:30 PM EST). On-chain metrics for ETH show a 5% increase in gas fees, suggesting higher network usage possibly tied to AI-driven DeFi activity, recorded at 4:00 PM EST (Source: Etherscan, May 1, 2025, 4:00 PM EST). For traders researching ‘AI crypto technical analysis’ or ‘Fetch.ai RSI trends May 2025,’ these indicators point to a potential continuation of the rally if volume sustains. The AI-crypto market correlation remains strong, as AI sentiment often drives speculative trading in blockchain projects. A key FAQ for traders might be: What is the impact of AI news on crypto prices? The answer lies in events like today’s, where a single statement from a thought leader like Andrew Ng can trigger immediate price action in AI tokens like FET and RNDR, with data showing a direct 4-5% price increase and 15-20% volume spike within hours on May 1, 2025 (Source: CoinGecko and Binance, May 1, 2025, 11:00 AM to 3:00 PM EST). This highlights the importance of monitoring AI developments for crypto trading strategies.