Render

NEAR Protocol

Date:&nbsp;Thu, March 06, 2025 | 09:35 AM GMT
The cryptocurrency market is witnessing strong momentum, with major <a href="https://coinsprobe.com/ondo-hits-new-all-time-high-in-tvl-is-a-breakout-around-the-corner/" rel="noopener noreferrer nofollow">altcoins </a>surging ahead of the highly anticipated White House crypto summit under Trump’s administration on Friday. This event has fueled renewed investor confidence, pushing Bitcoin (BTC) back to $91K after hitting a low of $81K on Tuesday.
Following the momentum, top AI Tokens, Render (RENDER) and Near Protocol (NEAR) leading the charge. RENDER has surged 8%, while NEAR is also climbing with 6% gains, both approaching key resistance levels within their respective falling wedge patterns.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c614ae1e65034182afa4902d9c727503.png">Source: Coinmarketcap
<h3 id="render-render">Render (RENDER)</h3>
RENDER has been in a falling wedge pattern since facing rejection at $11.75 in early December. This months of correction led to a recent local low of $3.25, where buyers stepped in.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3c74f4ed209a48048bc5c937c9606293.png">Render (RENDER) Daily Chart/Coinsprobe (Source: Tradingview)
Currently, RENDER has rebounded to $4.01, where it is testing the upper wedge resistance. If a breakout occurs with retest confirmation, the next short-term target is $4.84.
Beyond that, continued bullish momentum could drive RENDER toward the 50-day moving average (50MA) and a key resistance at $7.18, marking a potential 76% upside.
<h3 id="near-protocol-near">Near Protocol (NEAR)</h3>
NEAR has followed a similar price structure, trading inside a falling wedge after peaking at $8.24 on December 6. The recent downtrend pushed the token to a low of $2.56, where buyers started accumulating.
<img src="https://academy-public.coinmarketcap.com/optimized-uploads/664bf06c42a649f18564ba17ab971adb.png">Near Protocol (NEAR) Daily Chart/Coinsprobe (Source: Tradingview)
Currently, NEAR has bounced to $3.09 and is testing the upper wedge boundary. If it successfully breaks out with a retest, the next immediate target is $3.63.
A sustained rally above $3.63 could push NEAR toward the 50MA and a major resistance zone at $4.84, offering a 55% potential upside.
<h3 id="what-s-next-for-render-and-near">What’s Next for RENDER and NEAR?</h3>
Both RENDER and NEAR are at crucial inflection points, with their price actions nearing the falling wedge breakout zones. If Bitcoin maintains its strength above $91K, it could further fuel bullish sentiment across altcoins.
With Bitcoin’s recovery and positive sentiment surrounding the upcoming crypto summit, RENDER and NEAR are well-positioned for potential breakouts. The next few trading sessions will be critical—if these tokens successfully clear their resistance levels, a strong rally could be on the horizon.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
Also Read: <a href="https://coinsprobe.com/imx-and-sand-retest-key-breakouts-is-a-bounce-back-ahead/" rel="noopener noreferrer nofollow">IMX and SAND Retest Key Breakouts – Is a Bounce Back Ahead?</a>

RENDER and NEAR Approaches Falling Wedge Resistance – Could Breakout Spark a Rally?

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