Rally

Render

Bitcoin

Sherpa

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-rally-for-ai-altcoin-in-coming-months/" data-wpel-link="internal">Analyst Predicts Significant Rally for AI Altcoin in Coming Months</a> 
A closely followed analyst in the crypto world made significant statements about an <a href="https://newslinker.co/" data-wpel-link="exclude">AI</a> altcoin in the top 25, predicting a major rally in the coming months. Additionally, the analyst did not hesitate to comment on Bitcoin, the <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> leader, and two altcoins in the top 5. 
<h2 style="text-align: justify" id="is-rndr-taking-off">Is RNDR Taking Off?</h2> 
Renowned crypto figure Altcoin Sherpa recently shared important insights with thousands of crypto followers on the X platform. He highlighted that Render (RNDR), a project associated with GPUs, might trade within a low range as a support level. 
<blockquote> 
 RNDR: I expect this region to hold. $10 is a cheap price. I expect much higher prices in the coming months. I’m still in this. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-353010" src="https://coin-turk.com/wp-content/uploads/2024/05/rndr-kac-dolar-coin-turk-com.png" alt="" width="1032" height="591"> 
The analyst’s chart analysis suggests that the $10 price level is the bottom of an upper region marked by a $12.72 upper limit. 
As of the time of writing, Render was trading around the $10.07 region. The <a href="https://en.coin-turk.com/bitcoin-and-solana-show-signs-of-recovery-and-potential-growth/" data-wpel-link="internal">Solana</a> (SOL) based altcoin, ranked 25th, experienced a drop of less than 1% in the last 24 hours. 
<h2 style="text-align: justify" id="what-will-be-bitcoin-s-price">What Will Be Bitcoin’s Price?</h2> 
RNDR comments were followed by the analyst’s focus on Bitcoin. He expects a short-term rise for Bitcoin (BTC) but believes BTC needs to reach higher price regions for a clearer upward price movement. 
<blockquote> 
 BTC: (crypto’s range equilibrium) EQ is generally not where you want to open new long positions, wait for more clarity. Still, it looks good in the short term. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-353011" src="https://coin-turk.com/wp-content/uploads/2024/05/bitcon-kac-dolar-coin-turk-com.png" alt="" width="1029" height="452"> 
Bitcoin was trading just below $67,000 at the time of writing, after experiencing a slight increase of over 0.3% in the last 24 hours. 
<h2 style="text-align: justify" id="analyst-s-ethereum-and-solana-commentary">Analyst’s Ethereum and Solana Commentary</h2> 
The analyst is also monitoring Ethereum’s (ETH) price movements. He suggests that the most voluminous altcoin in the market is facing a crucial resistance amid investor sentiment. 
<blockquote> 
 ETH: From a chart perspective, I don’t see much reason to buy. Support/resistance level resistance, 200-day exponential moving average resistance, etc. Also, sentiment is very bad, and while the rest of the market is performing quite well, ETH holders are sitting in pain. I include myself in this group, which probably means it’s time to buy? 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-353012" src="https://coin-turk.com/wp-content/uploads/2024/05/eth-yorum-coin-turk-com.png" alt="" width="1037" height="601"> 
Ethereum was priced at $3,114 at the time of writing, following a 0.53% increase in the last 24 hours. 
Lastly, the analyst expressed a long-term bullish outlook for Solana, also known as the ETH killer. 
<blockquote> 
 SOL: It looks good for higher, but after a break from this $120-150 range, we need to see more follow-through. A one-month break/consolidation was healthy for this chart, and I still think you should try to accumulate as much as possible. <img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-353013" src="https://coin-turk.com/wp-content/uploads/2024/05/solana-yorum-coin-turk-com.png" alt="" width="1031" height="448"> 
</blockquote> 
Solana was trading at $171 at the time of writing, following a 2% increase in the last 24 hours. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-significant-rally-for-ai-altcoin-in-coming-months/" data-wpel-link="internal">Analyst Predicts Significant Rally for AI Altcoin in Coming Months</a></h5>

Analyst Predicts Significant Rally for AI Altcoin in Coming Months

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