The cryptocurrency market flips every now and then, with bulls and bears showing equal strength on a regular basis. Mainly, altcoins have been slightly inflated as the Bitcoin price remains range-bound after a brief surge. Hence, some of these protocols like Worldcoin (WLD), Near Protocol (NEAR), and Render Protocol (RNDR) are seen as set to maintain a strong uptrend.
Worldcoin (WLD) Price Analysis
The price of Worldcoin has reached the final stage of its run within a decisive symmetrical triangle as it is testing the upper resistance of the triangle, which could trigger a certain bearish action
The buying pressure has dropped a bit, which may help the bears to take profits. The price may decline slightly, but the triangle support at $4.7 may provide the basis to trigger a healthy rebound, putting the price at the apex of consolidation.
Therefore, the WLD price, stuck between the 100-day and 200-day moving average levels, could break above the overhead resistance and move into the critical resistance area above $8.5.
Near Protocol (NEAR) Price Analysis
NEAR price continues to trade inside an ascending triangle, while the apex is slightly different from the current level
Therefore, the price is expected to show significant volatility, touching the upper resistance and lower support levels until it reaches the edge. Moreover, the MACD shows increasing buying pressure as the level has just entered the positive territory, indicating that a new rise may be imminent.
After a brief period of volatility, the price is expected to break out of consolidation and reach the overhead resistance at $10, while the $8.9 level might pose some resistance but if the bulls show strength, a bullish breakout could be imminent.
Render Protocol (RNDR) Price Analysis
RNDR price has been on a sharp uptrend for more than a year and is on track to make new highs, with the RSI increasing and approaching the upper limit. A small, minor bullish push could push the price above $15.
However, the volume continues to decline but still bearishly influenced, indicating the presence of bullish momentum, hence, the price is likely to maintain a healthy rise within the rising wedge and form a new ATH before the weekend.
(Personal opinion, not a recommendation)
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