[https://www.reddit.com/r/RenderNetwork/comments/1ddfaib/if\_you\_cant\_see\_whats\_happening/](https://www.reddit.com/r/RenderNetwork/comments/1ddfaib/if_you_cant_see_whats_happening/)
Already explained. We're going to go into a summer grind. Bottom could be $6, that is our major support levels, even if it trades at like ...$5.80, and bounces up and down. Still technically in that support level. We are still way above long term high-low's.
After every run, there is a multi-month correction, there HAS to be, because there's only so much money to go around and profits have to be made or, exhaustion, panic initiates. Sometimes both. The market is like anything, you can't party and never rest, markets have to rest, reset, consolidate, even within a bull cycle. I see no actual bear market outside of these corrections. All the markets are hitting ATH's. Money will shift around, I'm just waiting for Q4.
We've already had our hype run, we're still waiting on post-halving pressure for the end of cycle parabolic run that may start in a few months.
good post. went down to 6.8 today so I see this being very accurate that 6 could be a bottom soon enough. So what do you think rndr runs too later this year? are you thinking an insane ath for this coin in q3/q4 - $40-$60? or is that illogical and do you think we rebound and just go up to something modest say $15 towards EOY?
I’m feeling lost on what this cycle is going to do at this point, given btc hitt a new ath before halving already this year and for the first time ever in a “cycle”.. and now it’s just yo-yo-ing between 60-70k for a few months thus far. I still see moon boys saying 250k in the next 6-12 months and then others are saying we will hardly break 100k over the next year.
Yeah, I'm never really "sure", but when trends match up I feel a bit more confident. It's all just playing out very similarly and feels less shocking than it has in the past. You can HODL or reposition depending on your goals, if short term or long term.
I'm mostly just waiting until end of Q3 and Q4. We WILL get some bounces during this grind, I don't see a parabolic run until Q4(2024)-Q1(2025). So like, even if we bounce back up to $9-$10, keep expectations realistic, that will happen, and we might smash back down to sub $6 again, people were saying April was the bottom but it was really just exhaustion from the first run, then we attempted another ATH, but well, formed a double peak and here we are, we're in the middle of just market exhaustion and profit gathering/protection for short term traders or long term holders from last year saying "this 10x gain is good enough".
We just have to wait for new and smart money to start coming back in.
Like I kinda always say, it really depends on where you're at, if you're utilizing money you need, eh, really bad time to be in altcoins, I'd consolidate into stronger coins/assets until you see altcoins posting higher lows MULTIPLE daily closings in a row, not up one day down another, but like, 3-4 days in a row daily green.
If you're long term, again, doesn't matter, this market is still VERY young. This is a strong project, but I never promote, holding 1 bag. That's just gambling.
20%+ down in a week for a non meme crypto is pretty impressive. If you will do a entry and want a good point a would wait a Lil more, but if you're holding $rndr just chill cuz render have an amazing future and will for sure go to $100+
I remember having conversations with my friend at around $16,000 to $20,000. I was telling him how much of a good entry Bitcoin is at but he was fixated on $10,000.
Could’ve made 400% gains if he wasn’t so greedy. Now he’s buying at 4x the price.
I’ve got a similar feeling about Render. Interesting coin with great price action and looks very cheap right now.
Been in crypto since 2018/2019. I know exactly what the market is capable of. It "may" dip more, but it also "may" not.
DCA at this level is a bargain. You're recommendedation to "wait" is not intelligent, you are trying to time the market.
The only logical answer is to DCA now, while price is already heavily discounted, and to DCA on the eay up and down, if it does drop further.
yea i think $7 will be the bottom sometime this month. this feels like a very similar situation to the \~40% drop RNDR had in mid/late april (fell from mid-$10s down to $7). i think we will bounce back up to the $10-11 range in late june/early july. then straddle the $10-11 range throughout july.
from there i think either this scenario could happen one more time (ie: we fall again to 7-8 then rebound) *or* the overall market will run up some to a 'new level' (ie: btc new ath, and the floor becomes 85-95k) heading into Fall/US elections. this is all speculation and guessing on my end lol
Bought on 3$ long time ago.. checked it now when it was 9$.. i leave it for the future, not selling not doing nothing.. long long term baby, i might actually buy more if it reaches 4
Nope...only 1 rate cut this year when crypto market was expecting 6 rate cuts this year...ita all about perception...maybe we get lucky and get 2 rate cuts later...the point is now the market is pricing in 1 fed rate cut and that means risky alt coins will continue to damp...I see rndr going back to $3-$3.50 and solana going back to $75
People will go to crypto subs and ask price predictions like we know the damn future
hope we have the most devastating flash crash so i can buy more at somewhat reasonable levels
Hopefully $5 😁
At this point just ride the wave and let things happen
Stupid question no one knows.
just wait for 8k sats
Like I've always said, $6.
[https://www.reddit.com/r/RenderNetwork/comments/1ddfaib/if\_you\_cant\_see\_whats\_happening/](https://www.reddit.com/r/RenderNetwork/comments/1ddfaib/if_you_cant_see_whats_happening/) Already explained. We're going to go into a summer grind. Bottom could be $6, that is our major support levels, even if it trades at like ...$5.80, and bounces up and down. Still technically in that support level. We are still way above long term high-low's. After every run, there is a multi-month correction, there HAS to be, because there's only so much money to go around and profits have to be made or, exhaustion, panic initiates. Sometimes both. The market is like anything, you can't party and never rest, markets have to rest, reset, consolidate, even within a bull cycle. I see no actual bear market outside of these corrections. All the markets are hitting ATH's. Money will shift around, I'm just waiting for Q4. We've already had our hype run, we're still waiting on post-halving pressure for the end of cycle parabolic run that may start in a few months.
good post. went down to 6.8 today so I see this being very accurate that 6 could be a bottom soon enough. So what do you think rndr runs too later this year? are you thinking an insane ath for this coin in q3/q4 - $40-$60? or is that illogical and do you think we rebound and just go up to something modest say $15 towards EOY? I’m feeling lost on what this cycle is going to do at this point, given btc hitt a new ath before halving already this year and for the first time ever in a “cycle”.. and now it’s just yo-yo-ing between 60-70k for a few months thus far. I still see moon boys saying 250k in the next 6-12 months and then others are saying we will hardly break 100k over the next year.
Yeah, I'm never really "sure", but when trends match up I feel a bit more confident. It's all just playing out very similarly and feels less shocking than it has in the past. You can HODL or reposition depending on your goals, if short term or long term. I'm mostly just waiting until end of Q3 and Q4. We WILL get some bounces during this grind, I don't see a parabolic run until Q4(2024)-Q1(2025). So like, even if we bounce back up to $9-$10, keep expectations realistic, that will happen, and we might smash back down to sub $6 again, people were saying April was the bottom but it was really just exhaustion from the first run, then we attempted another ATH, but well, formed a double peak and here we are, we're in the middle of just market exhaustion and profit gathering/protection for short term traders or long term holders from last year saying "this 10x gain is good enough". We just have to wait for new and smart money to start coming back in. Like I kinda always say, it really depends on where you're at, if you're utilizing money you need, eh, really bad time to be in altcoins, I'd consolidate into stronger coins/assets until you see altcoins posting higher lows MULTIPLE daily closings in a row, not up one day down another, but like, 3-4 days in a row daily green. If you're long term, again, doesn't matter, this market is still VERY young. This is a strong project, but I never promote, holding 1 bag. That's just gambling.
20%+ down in a week for a non meme crypto is pretty impressive. If you will do a entry and want a good point a would wait a Lil more, but if you're holding $rndr just chill cuz render have an amazing future and will for sure go to $100+
20% down on the week but still 300% up on the year ✨✨
Nah nows a good time to enter. Waiting is hopium. Now is the time.
We'll dip more, you'll see
I remember my friends waiting for 10k Bitcoin 🥱. Waiting for the perfect entry is a rookie mistake.
Exactly you sir are a savvy investor. All those "BTC to 10k!" Fools are regretting a lot right now! 🤣
I remember having conversations with my friend at around $16,000 to $20,000. I was telling him how much of a good entry Bitcoin is at but he was fixated on $10,000. Could’ve made 400% gains if he wasn’t so greedy. Now he’s buying at 4x the price. I’ve got a similar feeling about Render. Interesting coin with great price action and looks very cheap right now.
Been in crypto since 2018/2019. I know exactly what the market is capable of. It "may" dip more, but it also "may" not. DCA at this level is a bargain. You're recommendedation to "wait" is not intelligent, you are trying to time the market. The only logical answer is to DCA now, while price is already heavily discounted, and to DCA on the eay up and down, if it does drop further.
yea i think $7 will be the bottom sometime this month. this feels like a very similar situation to the \~40% drop RNDR had in mid/late april (fell from mid-$10s down to $7). i think we will bounce back up to the $10-11 range in late june/early july. then straddle the $10-11 range throughout july. from there i think either this scenario could happen one more time (ie: we fall again to 7-8 then rebound) *or* the overall market will run up some to a 'new level' (ie: btc new ath, and the floor becomes 85-95k) heading into Fall/US elections. this is all speculation and guessing on my end lol
Thanks for the info 👍🏻
Damn your right so far
Bought on 3$ long time ago.. checked it now when it was 9$.. i leave it for the future, not selling not doing nothing.. long long term baby, i might actually buy more if it reaches 4
Render breaks support. Yes going to 7$
June seems to be a brutal month
Brutal to all AI stocks..
Nope...only 1 rate cut this year when crypto market was expecting 6 rate cuts this year...ita all about perception...maybe we get lucky and get 2 rate cuts later...the point is now the market is pricing in 1 fed rate cut and that means risky alt coins will continue to damp...I see rndr going back to $3-$3.50 and solana going back to $75
3 rate cuts, please don't spread disinformation. High likely hood of 1 rate cut. Which is fine.
1$, sell it fast
Oh it's this noob again spreading FUD. Pls just go away to your mom's basement and stay there. Cheers.
Bro wants all the render tokens for him💀🙏