Popular crypto influencer D0c Crypto has shared his insights on the recent price action of the Render (RNDR) cryptocurrency and what to expect in the coming weeks. Despite the positive news from NVIDIA’s report, which was anticipated to drive the RNDR price higher, the token surprisingly took a dip instead.
In his tweet, D0c Crypto reassured fellow RNDR holders, stating, “I see a lot of people getting stressed for no reason.” He criticized the influencers who were overly bullish, calling for $15-$20 prices just two days ago, only to quickly shift their targets down to $8. His advice was to simply “block them,” as he has maintained a consistent stance on RNDR since it was trading at $0.41, believing it to be a top 10 cryptocurrency.
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Next Price Trajectory
According to D0c Crypto, the key for a strong RNDR breakout is for the token to remain within the resistance and demand zone, allowing for a solid accumulation phase. He predicted that unless the broader crypto market turns bullish again, RNDR is likely to remain in this consolidation zone for two weeks until the hype surrounding Apple’s Worldwide Developers Conference (WWDC) kicks in.
While the WWDC event could potentially spark a “sell-the-news” scenario, D0c Crypto suggested that it could also ignite a major uptrend if an “altcoin summer” materializes. He emphasized that RNDR appears much stronger than other coins, with almost no other cryptocurrency coming close to its March all-time high. In his view, RNDR is just “one big pump away” from a significant price surge.
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Show more +Show less – Bullish Outlook
In a separate tweet, D0c Crypto expressed a bullish outlook on RNDR, citing the approval of the Ethereum ETF, falling Bitcoin dominance, and the creation of a massive accumulation zone for RNDR. He believes that the conditions are ripe for RNDR to break out into the next altcoin season, describing it as “just a matter of weeks now.”
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