Strong Buy Signals Detected on NEAR and RNDR Cryptocurrencies

Tuesday, 7 May 2024, 16:38

The cryptocurrency market is bouncing back after a period of uncertainty and losses, with two cryptocurrencies, NEAR and RNDR, showing strong momentum. Leveraged long-position traders faced significant losses in early May, leading to market liquidations. Both assets have favorable RSI indicators, hinting at potential buy opportunities in the short term.
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Strong Buy Signals Detected on NEAR and RNDR Cryptocurrencies

Buy Signals For Two Strong Cryptocurrencies This Week

The cryptocurrency market, after a period of uncertainties and losses, is showing signs of recovery. Two cryptocurrencies, NEAR and RNDR, are gaining notable momentum.

Market Volatility and RSI Analysis

In May, leveraged traders suffered significant losses due to market liquidations following weeks of losses or neutral market conditions in DeFi assets.

The Relative Strength Index (RSI) heatmap highlighted potential buy signals for NEAR and RNDR.

NEAR and RNDR Analysis

NEAR has strong weekly and daily RSI scores, positioning it as a promising Web3 infrastructure asset. RNDR, on the other hand, shows robust momentum with positive price movements.

Short-Term Buy Signals

The market remains volatile, but NEAR and RNDR present favorable short-term buy opportunities, although long-term projections are advised. Investors should exercise caution and conduct thorough research before investing.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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