Renowned crypto strategist Altcoin Sherpa predicts that Render (RNDR), an AI-related altcoin ranked in the Top-50, is poised for significant price surges in the coming months. Altcoin Sherpa, with a following of 215,400 on the social media platform X, believes that RNDR, a project connected to Graphics Processing Units (GPUs), will find strong support at the $10 level. Altcoin Sherpa’s chart analysis suggests that $10 is the lower end of a trading range, with an upper limit of $12.72. Currently, RNDR is trading at $10.13, showing a 1% increase in the last 24 hours.

Altcoin Sherpa also comments on Bitcoin’s short-term bullishness, but advises waiting for higher price targets to confirm an upward trend. Bitcoin is currently trading at $67,036, reflecting a 2% increase in the last 24 hours.

In terms of Ethereum, Altcoin Sherpa warns that the top altcoin is encountering resistance at a key level, compounded by declining investor sentiment. Altcoin Sherpa notes several resistance points, including support/resistance level resistance and the 200-day exponential moving average resistance. Ethereum is currently trading at $3,104, showing a 5.19% increase in the last 24 hours.

Lastly, Altcoin Sherpa expresses a long-term bullish outlook on Solana, a competitor to Ethereum. Altcoin Sherpa suggests that after a consolidation period, Solana has the potential for higher prices, but emphasizes the importance of further follow-up after breaking out of the $120-$150 range. Solana is trading at $171, reflecting a 6.43% increase in the last 24 hours.

To stay updated with the latest cryptocurrency news, subscribe to receive email alerts, and follow on X, Facebook, and Telegram.