The cryptocurrency market is experiencing a stalemate. Although the leading crypto Bitcoin rose above 67 thousand dollars after the US CPI, it could not go further. Most altcoins, with exceptions, share a similar fate. In this uncertain environment, a crypto analyst with a large following shared his latest market predictions. The analyst sees opportunities for some tokens.
Altcoin Sherpa: $10 is a bargain price for RNDR!
cryptokoin.comAs you’ve been following from , the AI narrative has been a driving force for some tokens lately. One of these was Render (RNDR), an altcoin project related to Graphics Processing Units (GPUs). Analyst Altcoin Sherpa, nicknamed Altcoin Sherpa, says RNDR will likely remain in a low range as support. However, the analyst expects higher prices in the coming months. The analyst makes the following statement for RNDR:
RNDR: I expect this region to hold. $10 is a bargain price. I expect much higher prices in the coming months. I’m in this again.
According to his chart, the analyst suggests that the level around $10 is the bottom of a trading range with an upper end of $12.72. Render, meanwhile, was trading at $10.07 at the time of writing. The token has increased by more than 27% in the last month.
Is it time to buy ETH?
The analyst also monitors the price movements of Ethereum (ETH). It warns that the leading altcoin is currently facing resistance at a key level amid declining investor sentiment. In this regard, the analyst shares the following assessment:
ETH: From a chart perspective, I don’t see much reason to buy. Support/resistance level resistance, 200-day exponential moving average resistance, etc. Additionally, sentiment is very bad and ETH holders are sitting in pain while the rest of the market is performing quite well. I include myself in this group, which means it’s probably time to buy?
Meanwhile, Ethereum is trading at $3,115 at the time of writing, up 0.62% in the last 24 hours. ETH increased by 6.71% on its weekly chart.
“You need to try to save this as much as possible!”
Finally, the analyst says ETH rival Solana is also bullish for the long term. The analyst said, “LEFT: good for higher. But we need to see more follow-through after a break from this $120-150 range. A one-month break/consolidation was healthy for this chart. “I still think you should try to accumulate it as much as possible.”
Meanwhile, Solana was trading at $171.3 at the time of writing, up 1.8% in the last 24 hours. SOL saw an increase of approximately 18% on its weekly chart.
The opinions and predictions in the article belong to the analyst and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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