Part 3/6:
The current patterns observed in Bitcoin dominance suggest that we may be on the brink of another substantial altcoin season, with Render leading the pack in early movements.
Historical Context and Future Projections
Market analysts are keenly observing Render’s chart. Its previous rally after reclaiming the 200-day moving average saw gains of over 600%. Should this pattern repeat, we could see Render's price surge to levels between $48 to $50. While the exact timeline of this potential rise is uncertain, historical data suggests a similar rally could unfold over a 15 to 20-week period.
The market conditions are echoing the dynamics from the last bull cycle, and Render's resurgence aligns well with this broader trend.