Summer heats up not only the beaches but also the cryptocurrency market. As the 2024 bull run continues in full swing, some cryptocurrencies are poised to attract investors’ attention. Analysts have highlighted certain names, such as NEAR Protocol, Blur, and Render, for their potential to make significant moves in the coming months. For those looking to stay ahead, understanding the dynamics of these specific cryptocurrencies can make a big difference. See what a crypto expert thinks to find out which cryptocurrencies could rise as temperatures rise.
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NEAR Protocol Soars: Impressive Six-Month Rise Continues
With its current price range between $6.71 and $8.68, NEAR Protocol has shown a significant price increase of 364.39% in six months. Over the past month, NEAR has increased by 44.67% and has added another 17.77% to its value in the past week. The crypto is trading close to the $9.59 resistance level, but it still maintains a strong position above the nearest support at $5.65. The upward movement of the cryptocurrency, supported by indicators such as the RSI at 60.24 and the Stochastic at 86.54, indicates a sudden trend, while the MACD at 0.048 confirms the momentum. With such dynamic short-term and long-term gains, NEAR’s trajectory points to a sustainable uptrend.
Cryptocurrency Blur Faces Stubborn Resistance, Can It Survive?
Blur (BLUR) is trading between $0.33 and $0.38, but it faces strong resistance at $0.41. If it can pass this, the next hurdle will be $0.46. The base to watch is $0.31 and if that fails $0.25 is next. BLUR gained 1.55% last week, but is still down 5.44% from a month ago and 8.85% in the first half of the year. The movements seem confused; There is short-term growth but medium-term decline. With RSI indicating more action but high Stochastic signal warning, BLUR may be preparing for a decisive move soon.
Render (RNDR) Price Movement and Crypto Forecast
After six months of strong performance, Render’s price has increased by an impressive 245.66%. Last month, its value increased by 33.97%, signaling a positive trend. However, last week saw a small decrease of 2.13%. Currently, Render is trading between $9.38 and $11.10. It is approaching the resistance level at $12.17 and support lies at $8.71. Render appears to be in a high momentum phase, with the Relative Strength Index at 64.65 and the Stochastic indicator at 84.03. The MACD at 0.09 confirms continued momentum and signals a possible move towards higher prices if it breaks through the immediate resistance level.
Conclusion
NEAR, BLUR and RNDR are cryptocurrencies that may not generate much profit in the short term; BlastUP stands out with its strong potential. The concept of the project is interesting and benefits from being part of the Blast ecosystem. Investors looking for promising opportunities may find BlastUP an interesting option for the summer.
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