A popular crypto trader believes altcoins are on the verge of big rallies after a pullback in the digital assets market.<\/p>\n
The pseudonymous analyst known as Altcoin Sherpa tells<\/a> his 212,400 followers on the social media platform X that Render (RNDR<\/a>), a project related to Graphics Processing Units (GPUs), seems to be consolidating in preparation for a breakout.<\/p>\n He says many altcoins are forming similar bullish price patterns with consolidation in a broader uptrend as shown in Render\u2019s chart.<\/p>\n \u201cRNDR: you know, a lot of good charts have this same type of price action. I think now is a great time to scale into many altcoins that you like and just sit on them. The next leg seems like it\u2019s going to come in the next few weeks.\u201d<\/em><\/p>\n Render is trading for $11.18 at time of writing, up nearly 2% in the last 24 hours.<\/p>\n Next up, the trader predicts<\/a> that Ethereum (ETH<\/a>) competitor Solana (SOL<\/a>) could dip to the 0.382 Fibonacci retracement level before rallying.<\/p>\n \u201cSOL: I think this remains a good area to buy and scale in. Would DCA (dollar cost average) from here to $140 personally.\u201d<\/em><\/p>\n Solana is trading for $189.84 at time of writing, up more than 4% in the last 24 hours.<\/p>\n The trader is also bullish<\/a> on RSS3 (RSS3<\/a>), a decentralized information processing protocol.<\/p>\n \u201cRSS3 is consolidating here in my opinion. I think the next leg is coming. In this one personally and have a node. Bullish.\u201d<\/em><\/p>\n RSS3 is trading for $0.523 at time of writing, up over 8% in the last 24 hours.<\/p>\n Lastly, the trader says<\/a> that the layer-1 blockchain project Vanar Chain (VANRY<\/a>) seems to be in a consolidation phase and could break out within weeks.<\/p>\n \u201cVANRY: fibbed the entire move and it\u2019s consolidating right at the .382 fib. I would like to see this continue chopping around here another few weeks to be honest; the longer the break, the stronger the next move. I\u2019ve got a bag.\u201d<\/em><\/p>\n Vanar Chain is trading for $0.28 at time of writing, up more than 4% in the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A popular crypto trader believes altcoins are on the verge of big rallies after a pullback in the digital assets market. The pseudonymous analyst known as Altcoin Sherpa tells his 212,400 followers on the social media platform X that Render (RNDR), a project related to Graphics Processing Units (GPUs), seems to be consolidating in preparation […]<\/p>\n","protected":false},"author":2,"featured_media":272285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-272284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/272284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=272284"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/272284\/revisions"}],"predecessor-version":[{"id":272287,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/272284\/revisions\/272287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/272285"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=272284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=272284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=272284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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