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- 1 Render token has highlighted a breakout of the rounding bottom pattern.
- 2 AR token surged over 40% in the previous two sessions.
- 3 SEI token enlisted a range breakout and retested $1 in yesterday’s session.
This week, Render token (RNDR), Arweave (AR), and SEI token listed a much-awaited breakout. Following the market surge, these cryptocurrencies were on the list of the top gainers and noted a massive rise. These cryptocurrencies have rewarded the investors, buying activity of the last few sessions shows.
Render (RNDR) Enlisted Rounding Bottom Breakout
Render (RNDR) token noted a rebound from its 100-Day EMA support, and the bulls have persisted in accumulating the gains. The bulls have also succeeded in breaching the neckline of the rounding bottom pattern and sharply rose above the $5 mark. Furthermore, the token is poised for the upside and may carry forward the rally toward $5.80 in the following sessions.
The Render token (RNDR) is trading at $5.60 with an intraday gain of 13.80%, showing a gigantic upmove in the last sessions. Moreover, the trading volume jumped by 135% to $371.89 Million, while the market cap rose to $3.01 Billion. Analysts are bullish and suggest the continuation of the uptrend toward $7 in the coming sessions.
Arweave (AR) Exhibits Falling Wedge Breakout
Arweave (AR) price noted a massive bullish marubozu candlestick, which has breached the trendline hurdle of $9.60 and sharply rose and surged over 25% in the intraday session. Moreover, the price action reflects a bullish crossover and a sharp buying momentum. The trend is intact and reflects a bullish outlook, and buyers may carry forward the gains toward $15 shortly.
The Arweave (AR) price is trading at $11.90 with an intraday gain of 14.43%, showing buyer accumulation in the last sessions. Moreover, the trading volume spiked by 264.65% to $100.45 Million, and the market cap rose to $520.37 Million. Analysts are bullish and suggest a bullish outlook with the upside targets of $15 in the short term.
SEI Token Reveals Range Breakout
SEI token has registered a range breakout, breached the trajectory hurdle of $0.8500, and surged over 45% this week. Moreover, the token has noted a bounce from the 50-Day EMA and climbed above the key moving averages. The token triggered an up move and reached the bullish region, which trapped the sellers. If the token exceeds the $1 mark, the rally may boost and will glimpse further up the move.
The SEI token price is trading at $0.9823 with an intraday gain of 1.81%, showing a buying momentum on the charts. Moreover, the trading volume increased by 29.63% to $742.16 Million, and the market cap rose to $1.76 Billion. Analysts are bullish and suggest that the token continue to rally in the following sessions.
Summary
These cryptocurrencies are well poised for a sharp sustained upswing. Investors must wait and watch for the below-mentioned levels before making any positions.
Technical Levels:
Support Levels of RNDR:$5 and $4.60
Support Levels of AR: $10 and $9.30
Support Levels of SEI: $0.9700 and $0.9500
Resistance Levels of RNDR: $6 and $7.20
Resistance Levels of AR: $12.60 and $15
Resistance Levels of SEI: $1.10 and $1.25
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
