One of the most reliable indicators for powerful upward or downward movement has to be the stochastic RSI on the weekly time frame. Render (RNDR), Solana (SOL), and Arweave (AR) have all just had a cross up on this indicator and violent upside moves are starting to take shape.
$RNDR explodes out of the blocks
$RNDR is one of the leading altcoins that is possibly presaging what is to happen for the rest of the altcoin space should bitcoin (BTC) break out of its current doldrums and move up to test its all-time highs. $BTC is close to a cross upwards in its own weekly stochastic RSI, and therefore an explosive upside move could be close.
Source: Coingecko/TradingView
In the last two weeks $RNDR has exploded skywards, breaking the downward trend, and putting on 66% in just two weeks. The stochastic RSI has only just crossed up from the bottom, with the fast indicator line crossing above the slow line. With much more momentum coming into the $RNDR price as the indicator lines
We współpracy z: https://cryptodaily.co.uk/2024/05/this-one-indicator-is-starting-to-propel-altcoins-higher
