A prominent cryptocurrency trader believes that the Solana (SOL)-based altcoin project is on the verge of surging to record prices.
A pseudonymous analyst known as Altcoin Sherpa says 208,400 followers on social media platform I said it was high.
He believes the render will retest levels in the lower $7 range before breaking above the previous ATH of $8.78.
“Rendering: ATH is inevitable. I think entry in the low $7 range is a sure bet.”
Render is trading at $7.49 at the time of writing, down nearly 6% in the last 24 hours.
Next is the merchant predict memecoin Shiba Inu (SHIB) stands to gain greatly in this market cycle.
“SHIB: Similar chart to DOGE tbh and considering their respective market caps + both are in ETH, they will trade very similar to DOGE. This will eventually hit big numbers, but it will serve more as a big hat than a meme (because it is). “Liquidity is good, but you can’t expect 5,000 times more.”
Looking at the chart, the trader suggests that SHIB is in a continuous trading range with an upper limit of $0.000001484 and a lower limit of $0.000000714, where he predicts an ultimate breakout.
SHIB is trading at $0.00000126 at the time of this writing, up more than 10% on the day.
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