Solana (SOL), Render (RENDER), and Avalanche (AVAX) Ignite as Crypto Market Heats Up

With Bitcoin (BTC) surging in price on Monday, the rest of the crypto market is also beginning to stir. Solana (SOL), Render (RENDER), and Avalanche (AVAX) are among the leaders of the crypto pack.

$SOL surges though descending trendline

Source: TradingView

While $SOL has slipped down to 6th position in ranking by market capitalisation, it is still arguably the most technologically advanced layer 1 blockchain network, and is therefore a potentially good horse to be on for the rest of this bull market, given that its market cap is still more than 3 times smaller than that of Ethereum. 

The daily chart above shows that the bulls have pushed the $SOL price up and through the descending trendline that has held $SOL down since the $295 all-time high set in January. The very strong horizontal support below has held firm and is now likely to provide the base from which the price can rise much higher. 

At the bottom of the chart, the Relative Strength Index is signalling a breakthrough and confirmation of a descending trend by the indicator line. If Bitcoin should continue its rise, $SOL is likely to do even better. This is definitely one to watch.

$AVAX still has major barriers to cross

Source: TradingView

While $AVAX is up more than 9% on Monday so far, it still has some major barriers to cross before it can truly be said that this cryptocurrency is back on track. 

The current surge has taken the $AVAX price back to the extremely strong horizontal resistance level at $21.80. Just above this, is the major descending trendline that goes all the way back to December 2021. The price did fake out beyond this trendline in November 2024, but came back underneath in February 2025.

The positive note is that the bulls have pushed the price up through the local descending trendline. If the current crypto surge can continue, it may not be long before the $AVAX price can get above these important barriers. 

The next two targets are local higher highs; first beyond $55, and then higher than $65 in order to completely reverse the downtrend.

$RENDER bulls attempt to bring price back into the range

Source: TradingView

The $RENDER price has risen as much as 10% on Monday and this follows a breakout of the descending trendline. It looks as though the price may continue further to the bottom of a range bounded by the resistance at $4.44 and $6.95. If the $RENDER bulls can push the price back inside this range, the top of it will become a target. 

Looking further out, a higher high at $11.87 will need to be made in order to prevent a failed rally. If this is successful, the all-time high at $13.80 is a possibility if this next bull market stage really gets going.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.