A widely followed crypto strategist expects a major rise in the coming months for a leading artificial intelligence (AI) altcoin within the Top 50.
Altcoin Sherpa informs to its followers on social media platform X that Render (RNDR), a project focused on graphics processing units (GPUs), is expected to maintain its low range as support.
Altcoin Sherpa, a respected voice in the crypto community, suggests that Render (RNDR) is poised for significant gains, suggesting that it is likely to hold the lower end of the range as support.
According to the analyst’s chart, the area around $10 represents the lower limit of the trading range and the upper limit is $12.72.
At the time of writing, Render is trading at $9.92. The one based on Left (LEFT) the 30th-ranked cryptocurrency has seen a rise of over 1% in the past 24 hours.
Also Altcoin Sherpa sees bullish short-term outlook for Bitcoin (BTC), but is waiting for the top cryptocurrency to reach higher price targets to confirm its bullish momentum.
“BTC: (the coin’s equilibrium range) EQ is generally not where you want to open fresh long positions in my opinion, wait for more clarity. Still, it looks good in the short term. “
At the time of writing, Bitcoin is trading at $66,993, showing an increase of more than 1% in the last 24 hours.
