Altcoin Sherpa, a popular analyst, shared an optimistic outlook on the altcoin market.
On X, the cryptocurrency commentator pointed to the consolidation pattern in the chart of Render (CRYPTO: RNDR), a project focused on decentralized GPU rendering.
He noted the similarity of this pattern to “a lot of good charts,” suggesting a potential breakout for RNDR and potentially other altcoins in the near future.
“RNDR: you know, a lot of good charts have this same type of price action,” Altcoin Sherpa said. “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.”
Solana
Altcoin Sherpa also offered his insights on ...