- Altcoin RENDER and NEAR print bullish patterns on their price charts.
- Which asset will surge first over the coming months?
- Analysts discuss the bullish trends on both charts.
The prices of pioneer crypto and altcoin assets, Bitcoin (BTC), and Ethereum (ETH), continue to fall with BTC under $60,000 and ETH under $1,500, respectively. Despite these falling prices, a significant chunk of the crypto community remain bullish on the possibility of the altseason peak phase to arrive in the next couple of months. Presently, altcoin RENDER and NEAR price bullish bullish patterns on their price charts, which asset will surge first?
Altcoin RENDER and NEAR Print Bullish Patterns on Their Price Charts
The start of the bull cycle began with tremendous bullish possibilities for several altcoin assets. While most of these promising assets had a surge in prices, only a handful of them went on to set new ATH prices, but just barely about their previous records, marking a disappointing surge for altcoin assets. Thus, a few analysts are still holding out hope for a promising bullish surge in prices.
At the moment, analysts are eyeing a handful of promising altcoin assets showing powerful bullish signals on their individual price charts. These assets include XRP, XLM, NEAR, FET, RENDER, and several more altcoins. As we can see from the post above, the expert says that RENDER has already proved it can make life-changing moves, yet the bearish sentiments remain strong around the asset.
The post goes on to highlight how in the last cycle RENDER price delivered an explosive rally of more than 3,000% rewarding the few who were paying attention before the crowd arrived. Since then, the market has cooled off, but something interesting is happening. Price is once again building from a strong support zone while following a structure that looks surprisingly similar to the previous expansion.
If history starts to rhyme, the next breakout could push RENDER into another major leg higher. He concludes by saying that the market loves to reward the assets people stop believing in, right before they surprise everyone again. A response to the post talks about NEAR printing almost the exact same setup that preceded its biggest rally. The first expansion cycle lasted 595 days and delivered more than 3,600% from the bottom.
Which Asset Will Surge First?
Today, the current structure has already spent almost the exact same amount of time building a base. That’s what makes this chart so interesting. The market has already shown that NEAR is capable of sustaining a long-term expansion after an extended accumulation phase. Now the timing, structure, and duration are starting to look surprisingly similar.
While no pattern guarantees the same outcome twice, when an asset begins to mirror one of its strongest historical cycles almost bar for bar, it’s a setup worth paying attention to. If this cycle continues to rhyme with the previous one, NEAR price may only be at the beginning of its next major expansion.
