Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Two altcoins breaking out in crypto bull market

Two altcoins breaking out in crypto bull market

CryptodailyCryptodaily2023/12/14 17:19
By:Laurie Dunn

Table of Contents

  • $RNDR - a crypto success story
  • $FET - the ai front runner

With bitcoin looking to reach new yearly highs, several altcoins are primed for their own breakouts. Render (RNDR), and Fetch.ai (FET) are currently leading the way.

$RNDR - a crypto success story

$RNDR is a monster among the alts. Year to date, $RNDR has managed a gain of more than 1100%. These gains have come in three main waves. A first wave of 550% took $RNDR sharply out of the bear market, and then a retrace followed by another surge took the price a further 220%, and then finally, the latest wave has been ongoing since mid-August, which has taken the price another 280% higher to a price of $4.73. 

The all-time-high was made in November of 2021 at $8.79, so it is looking likely that $RNDR will break this at some point during the current bull market.

Two altcoins breaking out in crypto bull market image 0

Source: Trading View

Looking at the chart above it can be seen that $RNDR has just broken out of a long term W pattern, which has been in the making since early February of this year. A retest of the top trend line could be likely, followed by a continuation to the upside. 

$FET - the ai front runner

Fetch.ai is the front runner for the ai crypto niche in this crypto bull market so far, and has put on 650% in gains since the beginning of 2023. Although its own upward movement began in early November, and measured from there, it has experienced around 1000% gains.

Two altcoins breaking out in crypto bull market image 1

Source: Trading View

The chart for $FET shows that it has also arrived at the top of its own W pattern, and also some strong resistance. Breaking the confluence of these two major resistance points would be extremely bullish for $FET. If a break and confirmation are successful, look for $FET to head up to its previous high of $1.20, achieved in the last crypto bull market.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

XP raises $6,2 million with Solana and NFTs

Portalcripto2025/05/16 13:22

Heritage Distilling Adopts Crypto Payments

Heritage Distilling Company, Inc. (NASDAQ: CASK) is making a bold foray into the digital economy, becoming one of the first craft spirits producers to implement a formal Cryptocurrency Treasury Reserve Policy. Announced on May 15, the new strategy enables the Washington-based distiller to accept Bitcoin and Dogecoin as payment via its direct-to-consumer (DTC) e-commerce platform while holding these digital assets as part of its broader treasury management plan.

DeFi Planet2025/05/16 12:44
Heritage Distilling Adopts Crypto Payments

Stablecoins Enter Production Era as Institutions Prioritize Growth Over Cost

Stablecoins are quickly moving from pilot projects to a core part of global payment systems, according to Fireblocks’ newly released “State of Stablecoins 2025” report. The digital asset platform revealed that stablecoin transactions on its network now reach $40 billion per quarter, reflecting surging institutional use and a clear shift from experimentation to full-scale implementation.

DeFi Planet2025/05/16 12:44
Stablecoins Enter Production Era as Institutions Prioritize Growth Over Cost

xAI Blames Unauthorized Prompt Change for Grok’s Inflammatory Responses on South Africa

Elon Musk’s artificial intelligence startup, xAI, has disclosed that a controversial series of responses generated by its chatbot, Grok, were the result of an unauthorized internal modification.

DeFi Planet2025/05/16 12:44
xAI Blames Unauthorized Prompt Change for Grok’s Inflammatory Responses on South Africa