Price Analysis

Altcoins Show Strength While Bitcoin Stuck Within A Range: WLD, NEAR & RNDR Price Close to Triggering a Fresh Upswing

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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