Rally

Render

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-major-rally-for-ai-altcoin-rndr/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Major Rally for AI Altcoin RNDR</a> 
A closely followed analyst in the cryptocurrency world made significant statements about an <a href="https://newslinker.co/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">AI</a> altcoin in the top 25, predicting a major rally in the coming months. Additionally, he did not hesitate to comment on Bitcoin, the <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">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>
Altcoin Sherpa, a well-known figure in the crypto world, recently made important statements to thousands of cryptocurrency followers on the X application. He suggests that Render (RNDR), a project related to GPUs, could potentially trade at 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, in his chart analysis, suggests that the $10 price level is the bottom of an upper region indicating an upper limit of $12.72.
As of the time of writing, Render was trading around the $10.07 region. The <a href="https://en.coin-turk.com/solanas-decentralized-exchanges-ignite-the-cryptocurrency-world-with-a-54-increase-in-trading-volume/" data-wpel-link="internal" rel="noopener noreferrer nofollow">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-the-price-of-bitcoin">What Will Be the Price of Bitcoin?</h2>
After his RNDR comment, the analyst turned his attention to Bitcoin. He expects a short-term rise on the Bitcoin (BTC) side but indicates that BTC needs to reach higher price regions to understand the upward price movement.
<blockquote>
 BTC: (the equilibrium of the cryptocurrency range) EQ is generally not where you want to open new long positions, wait for more clarity. Still 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, after experiencing a slight increase of over 0.3% in the last 24 hours, was trading just below $67,000 at the time of writing.
<h2 style="text-align: justify" id="analyst-s-comments-on-ethereum-and-solana">Analyst’s Comments on Ethereum and Solana</h2>
The analyst is also following the price movements of Ethereum (ETH). He suggests that the most voluminous altcoin in the market is facing a crucial resistance amid investor sentiment as of today.
<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 ETH holders are sitting in pain while the rest of the market performs quite well. 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 experienced a 0.53% increase in the last 24 hours, resulting in a price of $3,114 at the time of writing.
Finally, the analyst stated that he has a long-term bullish outlook on Solana, also known as the ETH killer.
<blockquote>
 SOL: looks good for higher, but we need to see more follow-through after this 120-150 dollar range break. A month-long cut/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, after experiencing a 2% increase in the last 24 hours, was trading at $171 at the time of writing.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-major-rally-for-ai-altcoin-rndr/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Predicts Major Rally for AI Altcoin RNDR</a></h5>

Analyst Predicts Major Rally for AI Altcoin RNDR

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