DOGE, XLM, and RNDR Could Rally—Is a Breakout Imminent?

The cryptocurrency market has been experiencing a mix of bullish and bearish trends, with different altcoins showing different levels of momentum. Dogecoin (DOGE), Stellar (XLM), and Render (RNDR) have recently gained investor attention due to increasing whale activity, strong fundamentals, and key technical breaks.

Cryptocurrency market analysis: Investors are keeping an eye on Dogecoin (DOGE), Stellar (XLM), and Render (RNDR) as these altcoins show promising technical and fundamental strengths.

DOGE, XLM, RNDR Price Analysis

After a recent price drop, Dogecoin (DOGE) is showing signs of a potential rebound with increasing whale activity. Stellar’s (XLM) Q4 report highlights network growth and presence in the Real World Asset (RWA) sector, setting the stage for a 120% price increase. Render (RNDR) has also confirmed a bullish breakout with strong technical indicators.

1. Dogecoin (DOGE) at a Technical Crossroads

Dogecoin is currently trading at $0.33, down 7.5% in the last seven days. However, despite the price decline, there has been a significant increase in whale activity, with over 588 transactions of more than $1 million in the last 24 hours.

This high level of large transaction activity indicates that major investors are accumulating Dogecoin, setting the stage for a potential rebound in the coming days. The resistance for Dogecoin is now at $0.34. A break above this level could reverse the current trend, leading to a move toward $0.38–$0.40 in the short term.

On the other hand, if Dogecoin fails to hold at current support, it could drop to lower support around $0.30 before finding recovery.

2. Stellar’s Q4 Report Sets Stage for 120% XLM Price Increase

Stellar's (XLM) Q4 2024 report has got investors excited about the network’s growth and expansion in the RWA sector. Despite the market headwinds, XLM is holding above the crucial support at $0.34. Earlier in January, XLM surged 45% and nearly touched the $0.50 price mark.

In Q4, Stellar price moved from $0.075 to reach $0.63, marking a 280% increase for the year. Although it has since retraced, XLM is still positioned for upside potential.

Highlighting key growth metrics, Stellar’s latest quarterly report showed nine million active addresses, $4.1 billion in total transaction volume, and $458 million in tokenized assets—fourth in the RWA sector.

Being one of the most cost-efficient blockchains, Stellar boasts transaction fees of $0.000010 and is a top choice for enterprises and payment providers seeking scalable solutions. Additionally, the recent SLP-0001 upgrade enables Stellar to support complex decentralized applications (DApps), further strengthening its fundamentals.

Alpha Crypto Signal has identified Stellar as a top altcoin, currently trading within a horizontal channel with strong support at $0.34 and resistance at $0.42. A symmetrical triangle pattern on XLM’s chart suggests a breakout to $0.84—a 110% move. Given that XLM also correlates with XRP, if the Ripple XRP price increases, we can expect Stellar to follow suit.

3. RNDR Confirms Bullish Breakout

Solberg Invest has highlighted Render (RNDR) in its recent technical analysis, focusing on the token's bullish breakout, supported by strong technical indicators. Following a symmetrical triangle breakout, the token successfully retested its breakout level, reinforcing investor optimism.

According to Solberg Invest, RNDR recently broke out of a falling wedge, a very bullish setup. The price retested the breakout level, and now it’s acting as support.

At the moment, RENDER is trading at $4.83, up 10.13% in 24 hours but down 19.74% in the last seven days. It’s experiencing a pullback before potentially continuing its ascent.

A breakout usually attracts more buying, and if volume increases, RNDR could move up to the resistance level. For investors considering RNDR, the recommended buying zone is between $4.00 and $4.80, where support has proven to be strong.

It’s also advisable to place a stop-loss order below $4.00, as falling beneath this price could invalidate the current bullish outlook. For taking profits, setting targets at $8.00 to $10.00, which marks the mid-range resistance, and at $15.64, near the upper resistance level, could optimize returns while managing risk effectively.

With a retest of the breakout level intact, RNDR's up move is still valid. If buying pressure increases, RNDR could rally to $15.64 in the coming days.