(I plan to ambush some low-market-cap coins with good news in the near future to help everyone recover. The current market situation is not stable. I will take 30% in the short term. The next password will be announced soon!!)
The bull market upward trend in the cryptocurrency circle has initially formed. After the U.S. dollar entered the interest rate cut cycle, market liquidity has gradually become abundant. After BTC breaks through the pressure levels of 65000, 70000, and 73xxx, it will move forward.
What we need to do is to hold the chips at the bottom and add to our positions when there is a correction. When a big bull market comes, we need to have a broad vision. This is an opportunity that only comes once every four years. Don’t just run away after making a little profit.
The fourth quarter is the beginning of a general market rally and the eve of the proliferation of copycat stocks. We must promptly abandon the bear market mentality of short selling.
Buy the bottom of 3 cryptocurrencies that will increase by more than 10-50 times in the future!
1.PENDLE
The cryptocurrency market is showing a bullish trend following the recent rate cut by the Federal Reserve, which has boosted optimism for many cryptocurrencies. One of the top gainers is Pendle (PENDLE), which has seen a staggering increase. In the past 24 hours, PENDLE has surged 24%, and in the past week, it has gained nearly 30%.
Interestingly, a massive sell-off by BitMEX co-founder and Maelstromfund CIO Arthur Hayes, who sold 1.27 million PENDLE tokens (worth about $4.4 million), had less impact on the token’s price than expected. Despite the massive sell-off, PENDLE has remained strong and continued its upward trend. The main reason for this surge was a technical breakout as PENDLE broke above the descending trendline at $3.33, pushing its price up to its current price of $4.29.
Moreover, PENDLE is trading above its 200-day simple moving average and has been trending up in 19 of the past 30 days, and the bullish momentum seems strong. This position close to its cycle highs suggests that the stock has further upside potential on the back of solid technical indicators.
Today’s breakout is a positive sign that PENDLE could be entering a long-term uptrend, similar to the recent bullish moves seen in tokens like SEI and Fantom. With this momentum, PENDLE’s next resistance level now lies at $4.64, which could result in an additional 15% upside. Investors are closely watching to see if PENDLE can sustain this uptrend and continue its strong performance.
2.ROSE
Oasis Network is a top-level blockchain focused on scalability and privacy through confidential computing. Its outstanding feature is the layered architecture that separates consensus from computation, thereby helping to achieve scalability and confidentiality. The network's native token ROSE is used to pay gas fees, staking, delegation, and governance.
ROSE is currently showing signs of a potential breakout. According to one cryptocurrency analyst, its weekly chart shows an attempt to break out of a large descending wedge pattern. The first target of this breakout is located between $0.133 and $0.155. If successful, this could attract new investors and draw significant attention to ROSE.
The falling wedge is a technical pattern known for foreshadowing rising prices. ROSE is currently testing this pattern and could be close to a breakout. If broken, the critical resistance between $0.133 and $0.155 could be the first step to a larger rally. We believe that if ROSE breaks above this resistance, its upward momentum could continue.
Oasis Network has a reputation for its focus on privacy and scalability. Its ability to handle a large number of transactions while keeping costs low has attracted a lot of interest. Given ROSE's current setup on the weekly chart, technical traders are watching closely. The falling wedge pattern often leads to a bullish breakout, and many believe ROSE is poised for significant growth.
While the cryptocurrency market remains volatile, ROSE’s robust technology and growing adoption give it a competitive edge. A breakout could trigger a major rally that could push the price to $0.305 or even $0.415.
3.RENDER
RENDER has seen impressive growth, reaching an important milestone of $7.85 after growing more than 10 times. Bullish indicators suggest that the price continues to rise, reaching $12.30, and some analysts believe that a surge to $22 is possible. In the long run, according to logarithmic scale forecasts, with strong momentum, Render could climb to $150.
Render has a history of explosive growth, including a 2,791% increase from $0.47 to $13.64. This shows its potential for future success, with multiple bullish signals suggesting new all-time highs are possible.
Render is gathering strong momentum and preparing for a possible breakout. Currently trading slightly above its 100-day moving average, it is close to breaking out of the critical resistance level of $5.76. If it breaks above this level, it could rise by 20-30% with a target price of $6.43. This bullish activity suggests that there could be more growth ahead, with an expected increase of 250% by the end of the year.
Render Token (RENDER) plays a unique role in the crypto space as the utility token of the Render Network. This decentralized platform uses GPU-based rendering to help creators complete complex tasks at a lower cost by leveraging the unused GPU power of node operators. These operators will be rewarded with RENDER tokens, creating an efficient system for animation and visual effects production.
Render Token leverages distributed processing power to provide a new solution to the growing demand for rendering resources. With the growing interest in altcoins, Render may stand out as a key player in the bull run.
