WLD, NEAR and RNDR prices close to triggering another rally

Cryptocurrency markets reverse from time to time as bulls and bears demonstrate equal strength at regular intervals. Mainly because the price of Bitcoin remains stuck in a range after a brief rise, allowing altcoins to swell a bit. Therefore, some of them, like Worldcoin (WLD), Near Protocol (NEAR), and Render Protocol (RNDR), are expected to maintain a strong upward trend.

Worldcoin (WLD) Price Analysis

• Worldcoin price has reached the final leg of the run within the decisive symmetrical triangle as it tests the upper resistance of the triangle, which could invite some bearish action.

• The buying pressure has reduced to some extent, which could help the bears make profits.

• The price could decline slightly, but the triangle support at $4.7 could provide a base to trigger a healthy rebound, putting the price at the top of the consolidation.

• Therefore, WLD price, which is stuck between the MA 100-D and 200-D levels, could surpass the upper resistance and enter the crucial resistance zone above $8.5.

Nearby Protocol (NEAR) Price Analysis

• THE CLOSE Price continues to trade in an ascending triangle, while the top is a bit distinct from current levels

• Therefore, the price is believed to display significant volatility, hitting upper resistance and lower support until it hits the edge.

• Furthermore, the MACD is showing increasing buying pressure as levels have just entered the positive range, indicating that further upside could be approaching quickly.

• After a brief fluctuation, the price is expected to break out of the consolidation and reach the upper resistance at $10, while the levels at $8.9 may cause some hurdles, but if the bulls show strength, a bullish breakout could be imminent.

Rendering Protocol Price Analysis (RNDR)

• THE RNDR price has been maintaining a strong upward trend for over a year, aiming to reach new highs.

• The RSI is progressive and approaches the upper threshold. A small, minor bullish surge could push the price beyond $15.

• However, the volume has declined steadily but remains under bullish influence, indicating the presence of bullish momentum.

• Therefore, the price can maintain a healthy rise within the ascending wedge and form a new ATH before the end of the week.

Also discover: These Altcoins are expected to outperform the crypto market in May!

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