Best Crypto to Buy Today January 19 – Render, Bitget, BNB
With its RNDR price showing a modest uptrend recently, Render Network has positioned the token as a top contender for the best crypto to buy today in an otherwise red market.
While established cryptos like Bitget and Binance Coin also demonstrate strength amid broader downturns, up-and-coming cryptocurrencies like Bitcoin Minetrix and Launchpad XYZ are worth tracking as well.
The broader cryptocurrency market has been facing downturns lately.
Bitcoin fell to around $40,200, dragging down other major cryptocurrencies like Ethereum and Ripple with losses before slightly recovering to the current price of around $41,950.
Market watchers know that the synchronized movement among top cryptocurrencies is often influenced by Bitcoin’s performance.
The recent introduction of the first Bitcoin spot ETFs has been cited as one of the factors contributing to this market volatility.
Amidst this uncertainty, some cryptocurrencies are showing resilience. Render Network (RNDR) is currently trading at $4.195 with an 8% increase from its intraday low of $3.801.
The market cap of Render is hovering around $1.55 billion, signifying a stable presence in the cryptocurrency market.
Identified key resistance levels are at $4.40, $4,90, and $5.20, while support levels can potentially be found at around $4.00, $3.50, and $3.00.
There is a potential continuation of the upward trend, with eyes set on the next resistance level at $4.50.
Bitget (BGB) is weathering the storm better than most. It is currently consolidating around the Fib 0.5 retracement level, showing impressive stability despite broader declines across the market.
This consolidation has allowed BGB to establish a base at this key technical level. From here, it looks set to continue building on
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