TechFlow news, on March 23, according to Cointelegraph, market data platform Barchart reported that Nvidia's stock formed a "death cross" pattern for the first time since April 2022—when its 50-day moving average crossed below the 200-day moving average. The last time this technical pattern appeared, the company's share price plunged 47% over the following six months.
Notably, although Nvidia's bearish signal emerged ahead of the March 21 closing, some AI-related tokens showed upward momentum.
Data indicates that Render (RNDR) rose 4.06%, while Bittensor (TAO) and Fetch.ai (FET) both gained approximately 2.88%. However, the total market capitalization of AI and big data crypto tokens has declined by 23.70% over the past month.
Market sentiment is sharply divided. Some traders believe the AI bubble has burst, and only tokens with real-world applications will survive. Yet, a recent CoinGecko survey of 2,632 respondents found that about 44.3% of cryptocurrency industry insiders remain optimistic about the outlook for AI tokens in 2025.
