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Altcoin Sherpa, an anonymous cryptocurrency analyst and trader, predicts significant rallies for altcoins following the recent market pullback. The analyst shared four altcoins from his watchlist, highlighting their potential for substantial gains.
Bullish Signs for Render (RNDR) and Solana (SOL)
Altcoin Sherpa, with a large following on social media platform X, listed several altcoins showing consolidation signs and bullish price patterns, suggesting they are ready for breakout rallies.
According to Altcoin Sherpa, the first altcoin poised for a breakout is Render (RNDR), related to Graphics Processing Units (GPUs). The analyst believes RNDR is consolidating in preparation for a potential uptrend, indicating that it might be a good time to invest in many altcoins showing similar bullish price movements.
At the time of writing, RNDR is trading at $11.18, up approximately 2% in the last 24 hours, reinforcing Altcoin Sherpa’s optimism for its potential rise.
The second altcoin highlighted by Altcoin Sherpa is Solana (SOL), often seen as a competitor to Ethereum (ETH). The analyst notes that SOL could pull back to the 0.382 Fibonacci retracement level before rising and expresses confidence in the altcoin’s long-term potential. Altcoin Sherpa suggests that investors consider dollar-cost averaging (DCA) into SOL from current levels up to $140.
Expecting Explosive Growth in Two Consolidating Altcoins
Another altcoin Altcoin Sherpa expects to rise is RSS3, a decentralized information processing protocol. The analyst believes RSS3 is currently consolidating and preparing for a new uptrend.
Lastly, Altcoin Sherpa points to Vanar Chain (VANRY), a Layer 1 network he believes is in the consolidation phase and could make a significant move in the coming weeks. By analyzing Fibonacci correction levels, he adds that a longer consolidation period could lead to a stronger upward movement.
