Altcoins
Crypto, Render & Altcoins – European Wrap June 3
Bitcoin (BTC) price is consolidating in a symmetrical triangle pattern, showing a directional bias. Ripple (XRP) is also following in BTC’s footsteps as it continues its 50-day consolidation streak. The price of Ethereum (ETH), on the other hand, is showing signs of an impending correction.
Render (RNDR) price could rise by around 20% due to Nvidia’s (NVDA) upcoming stock split, according to technical and on-chain indicators. The AI-driven altcoin is likely to face an initial pullback after repeatedly struggling with daily resistance at $11.23 but falling into a key support zone, the AI narrative surge and bullish signs from large portfolio investors make the RNDR recovery likely. medium term.
The past week has been disappointing with Bitcoin (BTC) price consolidating, and altcoin movements have shown confusion in their directional bias. Some altcoins have seen bullish and impulsive moves, but most have trended sideways or slid lower.
