RENDER and NEAR Approaches Falling Wedge Resistance – Could Breakout Spark a Rally?
Date: Thu, March 06, 2025 | 09:35 AM GMT
The cryptocurrency market is witnessing strong momentum, with major altcoins surging ahead of the highly anticipated White House crypto summit under Trump’s administration on Friday. This event has fueled renewed investor confidence, pushing Bitcoin (BTC) back to $91K after hitting a low of $81K on Tuesday.
Following the momentum, top AI Tokens, Render (RENDER) and Near Protocol (NEAR) leading the charge. RENDER has surged 8%, while NEAR is also climbing with 6% gains, both approaching key resistance levels within their respective falling wedge patterns.

Render (RENDER)
RENDER has been in a falling wedge pattern since facing rejection at $11.75 in early December. This months of correction led to a recent local low of $3.25, where buyers stepped in.

Currently, RENDER has rebounded to $4.01, where it is testing the upper wedge resistance. If a breakout occurs with retest confirmation, the next short-term target is $4.84.
Beyond that, continued bullish momentum could drive RENDER toward the 50-day moving average (50MA) and a key resistance at $7.18, marking a potential 76% upside.
Near Protocol (NEAR)
NEAR has followed a similar price structure, trading inside a falling wedge after peaking at $8.24 on December 6. The recent downtrend pushed the token to a low of $2.56, where buyers started accumulating.

Currently, NEAR has bounced to $3.09 and is testing the upper wedge boundary. If it successfully breaks out with a retest, the next immediate target is $3.63.
A sustained rally above $3.63 could push NEAR toward the 50MA and a major resistance zone at $4.84, offering a 55% potential upside.
What’s Next for RENDER and NEAR?
Both RENDER and NEAR are at crucial inflection points, with their price actions nearing the falling wedge breakout zones. If Bitcoin maintains its strength above $91K, it could further fuel bullish sentiment across altcoins.
With Bitcoin’s recovery and positive sentiment surrounding the upcoming crypto summit, RENDER and NEAR are well-positioned for potential breakouts. The next few trading sessions will be critical—if these tokens successfully clear their resistance levels, a strong rally could be on the horizon.
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.
You may also like
European Blockchain Sandbox Selects Web3 Companies for Third Cohort, Including Privado ID
“The selected use cases span all EU/EEA regions and represent a wide range of industry sectors and regulatory topics,” the European Blockchain Sandbox says.

Is Dogecoin About to Explode? Analysts Say a 3-Month Bull Run May Be Starting
Dogecoin (DOGE) could rally during the next 3 months and surge to $0.75 according to this analyst's predictions.

Fartcoin Whale Doubles Down, Loses Another $297K
A whale investor spent $1.98M on Fartcoin after prior $701K loss—now down $297K again. Will this risky bet ever pay off?Risky Move: Whale Reinvests in Fartcoin After Big LossMemecoin Madness: High Risk, High VolatilityWill the Gamble Pay Off?

Galaxy Digital Moves $99M in ETH to Exchanges
Galaxy Digital has deposited over $99M worth of Ethereum to exchanges in the past 6 days, sparking market speculation.Galaxy Digital Ramps Up ETH TransfersStrategic Shift or Exit Signal?Ethereum Under the Microscope

Trending news
MoreCrypto prices
More








