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Render (RENDER) Shows Strong Bullish Momentum After Critical Breakout — Will Avalanche (AVAX) Follow Suit?

Render (RENDER) Shows Strong Bullish Momentum After Critical Breakout — Will Avalanche (AVAX) Follow Suit?

Published:
2025-04-20 16:55:00
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Render (RENDER) has demonstrated significant upward momentum following a decisive breakout, sparking speculation among traders about whether Avalanche (AVAX) could be poised for a similar bullish move. Market analysts are closely monitoring AVAX’s technical indicators, including key resistance levels and trading volume patterns, to assess its potential for a breakout. The recent performance of RENDER highlights growing investor confidence in altcoins with strong utility and ecosystem development. As the broader crypto market shows signs of renewed activity, both RENDER and AVAX are attracting attention from institutional and retail traders alike. Technical analysts suggest that a confirmed breakout for AVAX could trigger substantial price appreciation, mirroring RENDER’s recent trajectory.

Render (RENDER) Gains Momentum With Key Breakout — Is Avalanche (AVAX) Gearing Up For A Similar Move? image 0

Source: Coinmarketcap

RENDER and AVAX Analysis

Looking at the left side of the chart, Render (RENDER) has successfully broken above a major resistance level at, and is currently trading near. This rally comes after a textbook accumulation-manipulation-expansion pattern — exactly as shown in the chart.

First, RENDER moved sideways in an accumulation phase, gathering strength. Then came a sharp dip — a classic manipulation move designed to shake out weak hands — before the price quickly surged upward. With the breakout confirmed, bulls are now eyeing the next key target zone near, representing aupside move from the breakout point.

RENDER and AVAX Chart Comparison/Coinsprobe (Source: Tradingview)

Switching over to the right side of the chart, Avalanche (AVAX) seems to be setting up a very similar story. AVAX also spent time in an accumulation phase, followed by a manipulation dip, and is now entering the expansion phase. Currently trading around, AVAX’s next critical test lies at theresistance level, the top of its accumulation range.

If AVAX can successfully break above $21, the chart suggests a potential rally toward— anmove higher from the breakout area.

Final Thoughts

Render (RENDER) has already delivered a strong breakout, showcasing a clean technical pattern and early bullish momentum. Avalanche (AVAX), on the other hand, is in the “decision zone” — and if buyers step up and clear the $21 resistance, AVAX could quickly mirror RENDER’s breakout success.

Both RENDER and AVAX are flashing classic accumulation to expansion setups, often loved by smart money traders. Short-term opportunities look exciting for both tokens, but in these volatile markets, having a solid risk management plan is absolutely crucial.

This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions in the cryptocurrency market.

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