Render (RNDR) has experienced significant price fluctuations recently, according to analyst Crypto Tony. The asset reached highs before stabilizing around the $10 level. It now consolidates with a strong support of nearly $9.50. This price point serves as a critical baseline for potential future movements.
If Render sustains above $9.50, it might gear up for an upward trend. However, dropping below this mark could lead to a downward shift, potentially reaching lows around $7.50, as seen in early February.
At press time, Render is trading at $10.02, marking a 0.90% decline over the last 24 hours. Its market cap stands at $3.9 billion, ranking it 26th on CoinMarketCap. Crypto Tony emphasizes the significance of these levels for Render’s short-term trajectory.
Arkham (ARKM), an artificial intelligence (AI) driven cryptocurrency, is forecasted to reach $5, according to World of Charts. Their analysis shows ARKM breaking out from a symmetrical triangle, a bullish signal. The pattern suggests ARKM might continue its previous upward trend.
Recently, ARKM moved past the triangle’s upper boundary. This move followed a phase where highs and lows drew closer, eventually leading to a robust upward push. This shift was backed by increased trading volume, confirming the breakout’s validity.
ARKM trades at $2.42, marking a 6.55% rise within 24 hours. The crypto is ranked 140th on CoinMarketCap, with a market cap of $494 million. The analysis sets a potential target at $2.38, indicating a possible 92.68% increase from the breakout point.
Chiliz (CHZ), a leading digital currency for sports and entertainment, has recently shown promising signs in the market, according to a technical analysis by Nebraskangooner on X post.
The cryptocurrency has fluctuated within a reaccumulation range, indicating potential upcoming movements. Notably, significant buying activity has been observed at price levels of $0.16407 and $0.14525.
This pattern suggests a strong market presence, with dense trading volumes following periods of price consolidation. Technical indicators such as moving averages have played a crucial role in identifying these zones, providing essential guidance for traders looking to pinpoint entry and exit points.
As of this writing, Chiliz is priced at $0.1479, marking a slight decrease of 1.92% over the past 24 hours. With a market capitalization of $1.33 billion, Chiliz ranks 70th on CoinMarketCap. This position reflects its significance in the market, making it a notable option for those considering dollar-cost averaging, especially if the price remains stable above its current support levels.
