📈 Prediction (NEAR and RNDR):

🖖 NEAR/USDT - NEAR, the native token of the eponymous layer-one (L1) blockchain with open-source code, may benefit from the effects of Bitcoin halving, which is expected to push altcoin prices up. Recently, the price bounced off the support level of $5.2 and at the time of writing reached $7.2. The coin approached the 61.8% Fibonacci level of the $8.8 to $5.2 correction move. This level at $7.4 is considered the bottom and the foundation of the bullish market. Recovering above it would allow #NEAR to break the $8.8 barrier, essentially setting a new high for 2024. However, if the price falls to $6.0 or below, the 23.6% Fibonacci line will also be lost. This could make the altcoin vulnerable to further correction and render bullish forecasts meaningless.

🤫 RNDR/USDT - Optimism surrounding the theme of artificial intelligence (AI) is reviving in the second quarter, providing support for AI tokens. Among such altcoins is #Render (RNDR). Over the past month, it has been in a downtrend, but the increasing interest in AI opens up potential opportunities for recovery. A bounce from the $8.0 support with a possible breakthrough of the $10.0 resistance and its transformation into support for further rally to the historical maximum is the forecast for RNDR. On the other hand, losing the $8.0 support will push the price down to $6.8. A drop below this level could negate the growth potential.

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