Long

Render

bullish

Solana

A rebound from the broader cryptocurrency market triggered a $170-billion recovery in valuation, spiking the market cap 8% to $2.26 trillion. 
Here are some of the most notable movers to watch this week. 
<h2 class="wp-block-heading" id="solana-reclaims-160">Solana reclaims $160</h2> 
Last week, Solana (<a href="https://crypto.news/price/solana/" target="_blank" rel="noreferrer noopener">SOL</a>) surged 12%, reclaiming the $160 level and peaking at a two-week high of $162 on Aug. 24 despite <a href="https://crypto.news/solana-etfs-have-just-suffered-a-huge-setback-heres-why/" target="_blank" rel="noreferrer noopener">setbacks</a> in its ETF product. After closing the week strong, SOL has now pulled back to $157.17. 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14293789"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/08/SOLUSDT_2024-08-25_12-03-58_120805.png.webp"> 
 <img loading="lazy" decoding="async" width="1162" height="681" src="https://crypto.news/app/uploads/2024/08/SOLUSDT_2024-08-25_12-03-58_120805.png" alt="SOL, FET, RENDER: Top cryptocurrencies to watch this week - 31"> 
 </picture> 
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 SOL 1D chart – Aug. 25 | Source: <a href="https://crypto.news/price/solana/" target="_blank" rel="noreferrer noopener">crypto.news</a>
 </figcaption>
</figure> 
However, Solana remains above the 200-day EMA at $140.12, signaling ongoing bullish momentum. This week, SOL needs to hold above the 200-day EMA to sustain the ongoing upward trend.&nbsp; 
Meanwhile, the Chande Kroll Stop indicators place the Stop Long at $145.22 and the Stop Short at $153.18. Maintaining above $153.18 is key for further gains, as a breach could lead to a bearish reversal. 
This week, investors should watch for a retest of the $160 and $162 resistance zones or a decline toward key support at $153.18. 
 You might also like: <a href="https://crypto.news/pavel-durovs-arrest-france-toncoin-plunges-20-percent/"> Telegram founder Pavel Durov arrested, Toncoin plunges 20% </a> 
<h2 class="wp-block-heading" id="fet-spikes-50">FET spikes 50%</h2> 
Fetch.ai (<a href="https://crypto.news/price/fetch-ai/" target="_blank" rel="noreferrer noopener">FET</a>) closed last week as one of the top gainers, spiking 50% and reclaiming the $1 level. On Aug. 24, FET reached a monthly peak of $1.3 but has since retraced to $1.249. 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14293790"> 
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 <img loading="lazy" decoding="async" width="1162" height="681" src="https://crypto.news/app/uploads/2024/08/FETUSDT_2024-08-25_12-17-27_121742.png" alt="SOL, FET, RENDER: Top cryptocurrencies to watch this week - 32"> 
 </picture> 
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 FET 1D chart – Aug. 25 | Source: <a href="https://crypto.news/price/fetch-ai/" target="_blank" rel="noreferrer noopener">crypto.news</a>
 </figcaption>
</figure> 
FET currently trades above the 50-day EMA ($1.108), signaling midterm bullish momentum. However, it remains below the 200-day EMA ($1.766), indicating lingering long-term bearish sentiment.&nbsp; 
FET’s immediate resistance points this week are at $1.447 and $1.565, with strong support at $1.063 and $0.945, with a pivot level of $1.255. A break above the resistance could target the 200-day EMA, while failing to hold support would lead to a drop below the 50-day EMA. 
<h2 class="wp-block-heading" id="render-breaches-upper-bollinger-band">RENDER breaches upper Bollinger Band</h2> 
Render (<a href="https://crypto.news/price/render/" target="_blank" rel="noreferrer noopener">RENDER</a>) saw a 37% rise last week, reclaiming the $6 level for the first time this month.&nbsp; 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14293791"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/08/RENDER-1D-Chart_124104.png.webp"> 
 <img loading="lazy" decoding="async" width="1162" height="681" src="https://crypto.news/app/uploads/2024/08/RENDER-1D-Chart_124104.png" alt="SOL, FET, RENDER: Top cryptocurrencies to watch this week - 33"> 
 </picture> 
 <figcaption class="wp-element-caption">
 RENDER 1D chart – Aug. 25 | Source: <a href="https://crypto.news/price/render/" target="_blank" rel="noreferrer noopener">crypto.news</a>
 </figcaption>
</figure> 
Currently trading at $6.153, RENDER is comfortably above the Upper Bollinger Band ($5.894), which often signals overbought conditions. This suggests a potential pullback or consolidation might be on the horizon. 
However, the strong trend indicated by the ADX at 33.25 supports the idea of sustained upward momentum. The asset maintains a bullish bias with the +DI at 28.35 and -DI at 16.63.&nbsp; 
If the current momentum holds this week, <a href="https://crypto.news/akash-render-bittensor-tokens-brace-nvidia-earnings/" target="_blank" rel="noreferrer noopener">Render</a> could aim for higher targets around $6.5 and potentially $7.0. 
Nonetheless, a dip below the Upper Band might lead to a retest of the 21-day moving average ($4.875). 
 Read more: <a href="https://crypto.news/sec-lawsuit-against-kraken-to-proceed-ruling/"> SEC lawsuit against Kraken to proceed: ruling </a>

SOL, FET, RENDER: Top cryptocurrencies to watch this week

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