The encryption analyst predicts 1600 % for the high supply price – here is what the graph shows
Cryptopatel, a famous encryption analyst, Cryptopatel, shared a bullish scheme that indicates that the presentation can be prepared to penetrate. According to the analyst, Render may increase up to 1,600 % of its current level and may reach $ 50.
In a modern post on X, Cryptopatel compared the current price of Render to the previous bull cycle. At that time, approximately 5,000 % widowed 49X. The graph shows that the embodiment backed again a strong support area, this time between $ 2.90 and $ 2.56, at a current trading price of about $ 4.37.
The preparation includes the outbreak of the downward resistance line and entering a new accumulation. This region, which ranges between $ 3.40 and $ 4.00, reflects the previous patterns that led to explosive moves. The show scheme also draws an expected track as the price gradually climbs through multiple resistance levels, and eventually targets $ 8.60, $ 15, $ 25 and up to $ 50.
Cryptopatel describes a show as “Nafidia From web3 ″ because of its role in running 3D, VFX, work burdens of artificial intelligence, and games infrastructure. The code already contains cases of use of companies such as Netflix, Apple and Disney. Now with the transfer of its operations to Solana, transaction speeds are faster and fees are lower.
What makes the prediction in particular is the recurrence of a similar Syrian pattern seen before the last gathering of the width. The graph highlights how the previous support resulted in an equivalent rise. If this style is repeated, the following leg may pay the RENER price much higher.
However, the analyst warns that the preparation will be nullified if the offer decreases below the support level of $ 2.50. At the present time, although the structure is still healthy and good.
Although there is no guarantee that history will be repeated, the combination of strong basics, the growth of the renewed ecosystem, and technical support indicates that the introduction may prepare for a big thing.
As artificial intelligence and web3 continue to gain momentum, all eyes are now on whether it could rise to the noise level again.
Also read: Buy before the boom? 5 altcoins that could be stars in 2025
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