Altcoins Show Strength While Bitcoin Stuck Within A Range: WLD, NEAR & RNDR Price Close to Triggering a Fresh Upswing
The post Altcoins Show Strength While Bitcoin Stuck Within A Range: WLD, NEAR & RNDR Price Close to Triggering a Fresh Upswing appeared first on Coinpedia Fintech News
The cryptocurrency markets are flipping now and then as bulls and bears show equal strength at regular intervals. Mainly because the Bitcoin price remains stuck within a range after a brief upswing, allowing the altcoins to swell a bit. Therefore, some of them, like Worldcoin (WLD), Near Protocol (NEAR), & Render Protocol (RNDR), are believed to maintain a strong ascending trend.
Worldcoin (WLD) Price Analysis
- Worldcoin price has reached the last phase of run within the decisive symmetrical triangle as it tests the upper resistance of the triangle, which may invite a certain bearish action
- The buying pressure has dropped to some extent, which may assist the bears in extracting some profit
- The price may drop slightly but the triangle support at $4.7 may offer a base to trigger a healthy rebound, placing the price at the apex of the consolidation
- Therefore, the WLD price, which is stuck between the 100-D & 200-D MA levels, may pierce above the upper resistance and enter the crucial resistance zone above $8.5
Near Protocol (NEAR) Price Analysis
- The NEAR price continues to trade within an ascending triangle, while the apex is a little distinct from the current levels
- Hence, the price is believed to display significant volatility, hitting the upper resistance and the lower support until it reaches the edge
- Besides, the MACD shows growing buying pressure as the levels have just made it into the positive range, indicating a fresh upswing could be fast approaching
- After a brief fluctuation, the price is believed to break above the consolidation and reach the upper resistance at $10, while the levels at $8.9 may cause some hindrance but if bulls display strength, then a bullish breakout could be imminent.
Render Protocol (RNDR) Price Analysis
- The RNDR price has been maintaining a steep ascending trend for over a year, aiming to form new highs
- The RSI is incremental and is approaching the upper threshold. A small, minor bullish push may elevate the price beyond $15
- However, the volume has dropped consistently but remains under bullish influence, indicating the presence of bullish momentum
- Therefore, the price may maintain a healthy upswing within the rising wedge and form a new ATH before the end of the week
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Altcoins Show Strength While Bitcoin Stuck Within A Range: WLD, NEAR & RNDR Price Close to Triggering a Fresh Upswing
The post Altcoins Show Strength While Bitcoin Stuck Within A Range: WLD, NEAR & RNDR Price Close to Triggering a Fresh Upswing appeared first on Coinpedia Fintech News
The cryptocurrency markets are flipping now and then as bulls and bears show equal strength at regular intervals. Mainly because the Bitcoin price remains stuck within a range after a brief upswing, allowing the altcoins to swell a bit. Therefore, some of them, like Worldcoin (WLD), Near Protocol (NEAR), & Render Protocol (RNDR), are believed to maintain a strong ascending trend.
Worldcoin (WLD) Price Analysis
- Worldcoin price has reached the last phase of run within the decisive symmetrical triangle as it tests the upper resistance of the triangle, which may invite a certain bearish action
- The buying pressure has dropped to some extent, which may assist the bears in extracting some profit
- The price may drop slightly but the triangle support at $4.7 may offer a base to trigger a healthy rebound, placing the price at the apex of the consolidation
- Therefore, the WLD price, which is stuck between the 100-D & 200-D MA levels, may pierce above the upper resistance and enter the crucial resistance zone above $8.5
Near Protocol (NEAR) Price Analysis
- The NEAR price continues to trade within an ascending triangle, while the apex is a little distinct from the current levels
- Hence, the price is believed to display significant volatility, hitting the upper resistance and the lower support until it reaches the edge
- Besides, the MACD shows growing buying pressure as the levels have just made it into the positive range, indicating a fresh upswing could be fast approaching
- After a brief fluctuation, the price is believed to break above the consolidation and reach the upper resistance at $10, while the levels at $8.9 may cause some hindrance but if bulls display strength, then a bullish breakout could be imminent.
Render Protocol (RNDR) Price Analysis
- The RNDR price has been maintaining a steep ascending trend for over a year, aiming to form new highs
- The RSI is incremental and is approaching the upper threshold. A small, minor bullish push may elevate the price beyond $15
- However, the volume has dropped consistently but remains under bullish influence, indicating the presence of bullish momentum
- Therefore, the price may maintain a healthy upswing within the rising wedge and form a new ATH before the end of the week
Read More