- Render consolidates at $10, with critical support at $9.50, signaling potential upward movement.
- Arkham breaks out from a bullish symmetrical triangle, targeting a significant rise to $5.
- Chiliz shows a strong market presence within reaccumulation zones, supporting stable prices above current levels.
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.
