Price Analysis View Non-AMP

Altcoin Market Hits $1.19T: AKT, CRO, RNDR Set for 100%+ Upside?

Published by
Sohrab Khawas

With the total crypto market cap, excluding Bitcoin and Ethereum, crossing $750 billion, the bull run in altcoins is gaining momentum. Akash Network, Cronos, and Render are stealing the spotlight among the top performers. 

So, let’s take a closer look at their price analysis and find out the buying opportunities of each of these tokens.

Top Altcoins Tokens To Buy

Akash Network (AKT)

The AKT price action shows a falling channel breakout rally gaining momentum. The bull run has surpassed the 38.20% Fibonacci level and is trading at $3.30 with an intraday gain of 12.11%, with the ongoing recovering rally accounting for a 52% rise in seven days. 

Tradingview

Based on the Fibonacci retracement tool, the bull run will likely extend to the $5 psychological mark, slightly above the 78.60% Fibonacci level. The 1.618 Fibonacci level at $12 is a potential target in the longer term. 

Hence, with a massive upside of more than 250%, the altcoin shows massive room for growth. Find out more in AKT price prediction.

Cronos (CRO)

With an unprecedented rally at the plate, the Cronos price has increased 60% in the past two days, followed by a 72% recovery last week. Currently, it is trading at $0.1195 and slightly below the $0.20 psychological mark. 

Tradingview

The bull run is challenging the 23.60% Fibonacci level in the weekly chart at $0.2152. A bullish breakout above this level is likely to reach the $0.40 psychological mark or the 50% level. 

Hence, with an upside of more than 100%, the altcoin is likely to prolong the ongoing recovery. 

Render (RNDR)

The AI token render shows a resistance trendline breakout in the daily chart. The bull run has exceeded the $7 psychological mark and is trading at $7.33. With an intraday gain of 6%, the ongoing bull run accounts for a price jump of nearly 75%. 

Tradingview

With the trendline breakout rally, the bull run will likely surpass the $13.27 mark for a new 52-week high level. Hence, the altcoin shows more than 80% upside potential from the current market price.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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