One of the most popular crypto-strategists believes that a Top-50 AI altcoin will see big gains in the next few months.
Altcoin Sherpa is a pseudonymous Altcoin analyst tells “X That Render” has 215,400 subscribers on its social media platform (RNDRA project relating to Graphics Processing Units will most likely receive a low range of support.
“RNDR: expecting this area to hold. $10 is a bargain. Expecting much higher prices in the coming months. I’m in this again.”
The trader, looking at his chart suggests that the trading range has a lower bound around $10 and a upper limit of $12.72.
At the time of this writing, Render was trading at $10.13. Solana is ranked 30th.SOLThe price of a crypto-based on ) has increased by more than 1 percent in the past 24 hours.
The analyst will then proceed to the next step. says BitcoinBTC( appears bullish on the short-term but waits for BTC’s price to reach higher targets in order to confirm its upward momentum.
“BTC: [the coin’s range equilibrium] EQ is generally not where you want to open fresh longs in my opinion, wait for more clarity. Looks ok in the short term though.”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/Top-50-Solana-Based-Altcoin-Primed-for-a-‘Much-Higher-Price-According.jpeg)
Bitcoin has a current value of $67,036. This is up over 2% from the previous 24 hours.
Ethereum is another cryptocurrency that the analyst will be watching.ETH), warning The top altcoin currently faces resistance on a critical level due to waning investor confidence.
“ETH: chart-wise, I don’t see much reason to buy it. Support/resistance level resistance, 200-day exponential moving average resistance, etc. Plus, sentiment is horrid and ETH holders have been sitting bitterly while the rest of the market has done pretty well. I put myself in this group, which means it’s probably time to buy?”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/1716093481_226_Top-50-Solana-Based-Altcoin-Primed-for-a-‘Much-Higher-Price-According.png)
Ethereum currently trades for $3.104. This is a 5.19% increase in 24 hours.
Last but not least, there is the analyst says Solana, a competitor of ETH, is a long-term favorite.
“SOL: looks good for higher but need to see more follow-up after a break from this range at $120-$150. One month chop/consolidation was healthy for this chart and I still think that you should try to accumulate this one as much as you can.”
![Image](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/1716093481_503_Top-50-Solana-Based-Altcoin-Primed-for-a-‘Much-Higher-Price-According.jpeg)
Solana trades at $171 as of the time this article was written, up by 6.43% within 24 hours.
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