The cryptocurrency market has lost some ground after the last upward move. However, it continues to show strength for now. Investors and traders are looking for new prey in this hazy atmosphere. A crypto analyst with a large following says some altcoins are on the verge of major rallies after the recent pullback. In this context, the analyst states that he has 4 altcoin projects on his radar.
Altcoin Sherpa: Looks like the next leg in RNDR is coming!
cryptokoin.comAs you follow from , although Bitcoin rises above 71 thousand dollars, it is having difficulty advancing. Altcoins are also losing momentum, with exceptions. However, despite the uncertain atmosphere in the market, many analysts are hopeful for the future. Render (RNDR), a project related to Graphics Processing Units (GPUs), is preparing for a breakout, says an analyst with the pseudonym Altcoin Sherpa. However, the analyst states that it is consolidating for now. The analyst says many altcoins are forming similar bullish price patterns with consolidation in a broader uptrend like the one in Render’s chart. In this regard, the analyst makes the following statement:
RNDR: You know, a lot of good charts have this kind of price action. I think now is a great time to scale and sit on many of the altcoins you love. The next leg looks set to arrive in the next few weeks.
The analyst expects a decline in Solana, but…
The analyst next looks at Solana (SOL), a rival to leading altcoin Ethereum. Altcoin Sherpa predicts that SOL will fall as low as the 0.382 Fibonacci retracement level before rising. In this regard, the analyst said, “SOL: I think this continues to be a good area to buy and scale. Personally, I would DCA (dollar cost averaging) from here to $140.” says.
Altcoin Sherpa is bullish on RSS3!
Following Solana, the analyst is moving to RSS3 (RSS3), a decentralized information processing protocol. Altcoin Sherpa continues its rise on RSS3. In this context, the analyst said, “I think RSS3 is consolidating here. I think the next leg will come. Inside this there is personally and a knot. Bull.” says.
The analyst expects a blowout from VANRY!
Finally, the analyst covers layer-1 Blockchain project Vanar Chain (VANRY). The analyst says VANRY is in a consolidation phase. However, he predicts that the token could explode within weeks. He expresses his views on this subject as follows:
VANRY: its entire move has been fibbed and it is consolidating right at .382 fib. Honestly I want this to continue for a few more weeks. The longer the break, the stronger the next move. I have a bag.
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