The cryptocurrency market offers exciting opportunities for investors from time to time. Among these opportunities, altcoins especially attract the attention of investors, and the opinions of expert analysts are very important in this regard. In this context, analyst Altcoin Sherpa predicts that the local presence of Render Network (RNDR) may experience a major increase in the near future.
The analyst, whom we know by the nickname Altcoin Sherpa, said that Render Network (RNDR), a low-value altcoin running on the Ethereum (ETH) network, could experience a 34% increase from its current levels. To support this claim, see the price chart of RNDR. by examining, noting how the previous resistance at $1.80 became support. This support was also provided by multiple exponential moving averages, which strengthened the uptrend.
“RNDR business is doing well. “I will sell to the last place it can go above $2.40.”
RNDR has shown a remarkable performance in the cryptocurrency market recently. At press time, it is trading at $1.79, down over 3% in the last 24 hours.
Altcoin Sherpa also reviewed the leading cryptocurrency Bitcoin (BTC). According to the analyst, BTC may witness a significant increase in volatility towards the end of the year. Crypto strategist puts forward two scenarios for Bitcoin; Both of these depend on how BTC reacts if it reaches $30,000.
“BTC: Where the next high will be is extremely important. If we hit some sort of lower high around $30,000 and die, I think we’ll drop to $20,000.
If we get over $32,000 it will probably go up to $40,000.
In other words, I imagine it will go down this way. There will probably be a lot of crazy moves over the next four months. It can be fun.”
Finally, at press time, Bitcoin is trading at $27,592.
You can follow the current price movement here.