Solana

Vanar Chain

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 A popular crypto trader believes altcoins are on the verge of big rallies after a pullback in the digital assets market. 
 The pseudonymous analyst known as Altcoin Sherpa tells his 212,400 followers on the social media platform X that Render (RNDR), a project related to Graphics Processing Units (GPUs), seems to be consolidating in preparation for a breakout. 
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 He says many altcoins are forming similar bullish price patterns with consolidation in a broader uptrend as shown in Render’s chart. 
 “RNDR: you know, a lot of good charts have this same type of price action. I think now is a great time to scale into many altcoins that you like and just sit on them. The next leg seems like it’s going to come in the next few weeks.” 
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 Source: Altcoin Sherpa/X
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 Render is trading for $11.18 at time of writing, up nearly 2% in the last 24 hours. 
 Next up, the trader predicts that Ethereum (ETH) competitor Solana (SOL) could dip to the 0.382 Fibonacci retracement level before rallying. 
 “SOL: I think this remains a good area to buy and scale in. Would DCA (dollar cost average) from here to $140 personally.” 
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 <img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GJbzlw3XEAAG2zx?format=jpg&amp;name=4096x4096" alt="Image" width="2123" height="1179">
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 Source: Altcoin Sherpa/X
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 Solana is trading for $189.84 at time of writing, up more than 4% in the last 24 hours. 
 The trader is also bullish on RSS3 (RSS3), a decentralized information processing protocol. 
 “RSS3 is consolidating here in my opinion. I think the next leg is <a rel="dofollow" title="coming" href="https://thebittimes.com/tag/coming.html">coming</a>. In this one personally and have a node. Bullish.” 
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 <img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GJezwrIWMAA2GXB?format=jpg&amp;name=4096x4096" alt="Image" width="2123" height="1179">
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 Source: Altcoin Sherpa/X
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 RSS3 is trading for $0.523 at time of writing, up over 8% in the last 24 hours. 
 Lastly, the trader says that the layer-1 blockchain project Vanar Chain (VANRY) seems to be in a consolidation phase and could break out within weeks. 
 “VANRY: fibbed the entire move and it’s consolidating right at the .382 fib. I would like to see this continue chopping around here another few weeks to be honest; the longer the break, the stronger the next move. I’ve got a bag.” 
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 <img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GJe0itNXwAAZboy?format=jpg&amp;name=4096x4096" alt="Image" width="2123" height="1179">
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 Source: Altcoin Sherpa/X
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 Vanar Chain is trading for $0.28 at time of writing, up more than 4% in the last 24 hours. 
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Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/analyst-says-next-leg-up-incoming-for-altcoins-updates-outlook-on-solana-and-two-other-crypto-assets-tbt83638.html">https://thebittimes.com/analyst-says-next-leg-up-incoming-for-altcoins-updates-outlook-on-solana-and-two-other-crypto-assets-tbt83638.html</a>

Analyst Says Next Leg up Incoming for Altcoins, Updates Outlook on Solana and Two Other Crypto Assets

TheBitTimes

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