Analyst Says Next Leg up Incoming for Altcoins, Updates Outlook on Solana and Two Other Crypto Assets

A well-liked crypto dealer believes altcoins are on the verge of huge rallies after a pullback within the digital property market.

The pseudonymous analyst often known as Altcoin Sherpa tells his 212,400 followers on the social media platform X that Render (RNDR), a mission associated to Graphics Processing Items (GPUs), appears to be consolidating in preparation for a breakout.

He says many altcoins are forming related bullish worth patterns with consolidation in a broader uptrend as proven in Render’s chart.

“RNDR: 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’s going to come in the next few weeks.”

Supply: Altcoin Sherpa/X

Render is buying and selling for $11.18 at time of writing, up practically 2% within the final 24 hours.

Next up, the dealer predicts that Ethereum (ETH) competitor Solana (SOL) might dip to the 0.382 Fibonacci retracement stage earlier than rallying.

“SOL: I think this remains a good area to buy and scale in. Would DCA (dollar cost average) from here to $140 personally.”

Supply: Altcoin Sherpa/X

Solana is buying and selling for $189.84 at time of writing, up greater than 4% within the final 24 hours.

The dealer can be bullish on RSS3 (RSS3), a decentralized info processing protocol.

“RSS3 is consolidating here in my opinion. I think the next leg is coming. In this one personally and have a node. Bullish.”

Supply: Altcoin Sherpa/X

RSS3 is buying and selling for $0.523 at time of writing, up over 8% within the final 24 hours.

Lastly, the dealer says that the layer-1 blockchain mission Vanar Chain (VANRY) appears to be in a consolidation section and might get away inside weeks.

“VANRY: fibbed the entire move and it’s 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’ve got a bag.”

Supply: Altcoin Sherpa/X

Vanar Chain is buying and selling for $0.28 at time of writing, up greater than 4% within the final 24 hours.

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