Ethereum

Bitcoin

Sherpa

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 A closely followed crypto strategist says more rallies are likely in sight for a low-cap altcoin running on the Ethereum (ETH) blockchain.
 Pseudonymous analyst Altcoin Sherpa tells his 196,700 followers on the social media platform X that the native asset of the image-synthesizing ecosystem Render Network (RNDR) is likely due for a 33% rally from its current level.
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 The trader shares a chart showing how RNDR has converted its previous resistance at $1.80 into support with multiple exponential moving averages buoying the Ethereum-based altcoin’s uptrend.
 “RNDR trade going well. Going to be selling all the way up to $2.40.”
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F71pwWhW8AAkH0X?format=jpg&amp;name=4096x4096" alt="Image" width="2475" height="1221">
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 Source: Altcoin Sherpa/X
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 At time of writing, RNDR is trading for $1.80, down over 2% in the last 24 hours.
 Looking at Bitcoin (BTC), Altcoin Sherpa says that the flagship crypto could witness a notable surge in volatility toward the end of the year. The crypto strategist lays out two scenarios for Bitcoin – both of which depend on how BTC reacts should it hit $30,000.
 “BTC: where the next high is set is extremely key. If we hit some sort of lower high around $30,000 and die, we’re going to go to the low $20,000, in my opinion.
 If we break past $32,000, this probably goes to like $40,000.
 In other words, this is how I sort of envision it going down. Probably going to be a lot of crazy moves over the next four-ish months. Should be fun.”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F716xMdWgAAsSP3?format=jpg&amp;name=4096x4096" alt="Image" width="2475" height="1221">
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 Source: Altcoin Sherpa/X
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 At time of writing, Bitcoin is worth $27,980.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-analyst-predicts-more-rallies-for-ethereum-based-altcoin-says-crazy-moves-ahead-for-bitcoin-btc-tbt65702.html">https://thebittimes.com/crypto-analyst-predicts-more-rallies-for-ethereum-based-altcoin-says-crazy-moves-ahead-for-bitcoin-btc-tbt65702.html</a>

Crypto Analyst Predicts More Rallies for Ethereum-Based Altcoin, Says Crazy Moves Ahead for Bitcoin (BTC)

TheBitTimes

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