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Render (RNDR), the “Nvidia of crypto,” had a remarkable performance in the 2024 first half, earning the attention of investors. Now, network activity data suggests the cryptocurrency could be ready for a bullish trend reversal after a month of downtrend. According to a post by the on-chain analyst Ali Martinez on X, RNDR’s trend has changed from bearish to bullish. Notably, Martinez points out that the network’s daily active addresses and whale transactions experienced a “notable increase,” signaling the reversal. #Render has experienced a notable increase in daily active addresses and whale transactions, indicating a potential trend reversal for $RNDR from bearish to bullish. pic.twitter.com/sRWpydis6r — Ali (@ali_charts) July 14, 2024 Why is Render the ‘Nvidia of crypto’? Render has earned the moniker “Nvidia of crypto ” due to its innovative approach to graphics processing in the blockchain spa...

Apr 22, 2024 at 07:54 // Price Author Coin Idol The price of Ripple (XRP) is currently trading below the moving average lines, although it is correcting upwards. Ripple coin price Analysis by Coinidol.com. XRP long-term analysis: bearish The bulls bought the decline at a low of $0.41. They halted the decline above the support level of $0.46 and resumed the up trend . The price of the cryptocurrency is approaching the 21-day SMA or resistance at $0.55. The altcoin will rise to its 50-day SMA high or $0.60 if the buyers break the barrier at the 21-day SMA...

Bearish trends don’t have to be depressing. With short strategies, traders can target profits during downtrends. The crypto market has had a good year, recovering some losses suffered in 2022 during the latest crypto winter. While Bitcoin (BTC) broke above $31,000 on June 23 to update the year-to-date (YTD) high, the largest cryptocurrency by market cap still has a long way to go before it breaks above its record-high established at the end of 2021. Following the impressive rally that pushed Bitcoin’s price close to $70,000 in November 2021, the market has been in free fall for months. The valuation of the premier cryptocurrency continued to drop until the end of 2022, tumbling to less than $16,000 last November. The bearish pressure was fueled by significant crashes in the crypto space, including LUNA, Three Arrows, Celsius and FTX. A multi-month bearish trend can be challenging for crypto investors, who’re mostly hoping for a long-term increase given Bitcoin’s deflationary model. A ...