- Injective (INJ) aims to break the USD 30 resistance to resume the uptrend, while Render Token (RNDR) targets a psychological level of USD 10.
- New Meme Coin NuggetRush Completes Successful $3.8 Million Pre-Sale and Prepares for NUGX Token Airdrop.
- NuggetRush offers Play-to-earn gaming, NFT staking, and blockchain-based mining simulation.
With Bitcoin’s long-awaited halving now behind us, investors are turning their attention to altcoins in search of new opportunities for potential profit. Injective (INJ) reacted positively after the halving, registering an 8% price increase, while the Render Token (RNDR) remained relatively flat during this period.
Meanwhile, there’s a new meme coin, NuggetRush, has created some buzz among meme investors by successfully completing its crypto presale. It sold over 270 million NUGX tokens and raised $3.8 million.
Injective (INJ) is aiming to surpass the $30 resistance
Injective (INJ) is currently trading around $28, up 8% in the past week. However, this level is still below the annual high of around $52 in 2024, which was reached in mid-March.
According to the analysis provided by altFINSthe trends for INJ are mixed. The price has left the USD 20 support level and reached the USD 30 resistance, which corresponds to the 200-day moving average.
To resume the uptrend, INJ needs to break above the USD 30 mark. If this fails, the price could reach the $20 support level again.
altFINS classifies the trend as a downtrend in the short and medium term, while maintaining an uptrend in the long term. Moreover, momentum indicators show mixed signals, with the MACD line above the MACD signal line (bullish), but an RSI around 50 (neutral).
If INJ wants to continue its upward trajectory, it will need to overcome the USD 30 resistance level, which could pave the way for further gains.
RNDR is targeting a psychological resistance level of $10
When the market crashed on April 13 during the Israeli-Iranian conflict, the RNDR plummeted to the $6.6 level. However, the next day the price quickly recovered and traded above $9, a level it has maintained since.
altFINS’ analysis on RNDR also suggests mixed trends. A bullish breakout from the Channel Down pattern could push the price towards the $10.00-$10.50 range, which represents a potential upside of 10-15% in the near term.
altFINS identifies the trend as neutral in the medium term and an uptrend in the short and long term. Momentum indicators show the MACD line above the MACD signal line (bullish), but an RSI around 50 (neutral).
The nearest support zone is $8.00, followed by $6.00, while the nearest resistance zone is $10.00 (a previous support level), with further resistance at $13.00. Given the psychological significance of the $10 level, a break of this resistance could be a crucial milestone for RNDR.
NuggetRush Prepares for NUGX Token Airdrop
NuggetRush, a new meme coin project, successfully sold its crypto presale earlier this month. According to their website, all presale investors will receive their NUGX tokens via airdrop in the coming days.
The project offers profitable Play to Earn gaming and NFT staking opportunities, increasing user engagement and rewards. It features a dynamic marketplace and gameplay that allows investors to generate passive income.
NuggetRush is a free-to-play, skill-based game running on the Ethereum blockchain. It features an NFT marketplace that promotes sustainability, allowing players to stake their NFTs for up to 20% APY or trade them on a peer-to-peer marketplace for profit.
The platform is also introducing special NFTs called RUSHGEM NFTs that can be exchanged for real gold and delivered directly to gamers.
The core gameplay of the game revolves around managing a mining operation, starting with a small plot of land and basic equipment. Players can explore mineral-rich areas, conduct research and participate in various mining activities such as digging shafts, setting up tunnels and operating machines to extract valuable minerals and assets.
NuggetRush’s immersive environment, realistic mechanics, and engaging progression systems aim to keep players invested in continually improving their activities, exploring new areas, and competing for the highest returns. Players can also team up with other miners, form partnerships or join mining guilds for greater efficiency and shared rewards.
Conclusion
As Injective (INJ) navigates mixed trends, its ability to break the crucial $30 resistance level could set the prospects for further upside momentum, potentially re-hitting the 2024 yearly highs.
Render Token (RNDR) faces a significant psychological hurdle at the $10 resistance level, with a successful breakout potentially yielding 10-15% upside potential in the near term, according to altFINS analysis.
The rise of NuggetRush adds an intriguing new dynamic to the altcoin landscape, captivating investors with its innovative Play to Earn gaming concept, NFT staking capabilities, and the long-awaited airdrop of NUGX tokens to its presale investors.
Disclaimer: This is a paid post and should not be treated as news/advice.