A popular crypto analyst suggests that altcoins are poised for significant increases following a decline in the digital assets market. Altcoin Sherpa, who shares insights with a large following on X, notes that Render (RNDR), a project associated with Graphics Processing Units (GPUs), appears to be consolidating for a potential breakout.

The analyst indicates that several altcoins are displaying bullish price patterns with consolidation while maintaining an upward trend, similar to what can be observed in Render's chart. Altcoin Sherpa encourages investors to consider scaling into various altcoins and holding onto them, anticipating the next positive movement in the coming weeks.

Render is currently trading at $11.18, marking an increase of nearly 2% over the last 24 hours. Looking ahead, the analyst predicts a temporary decline in Solana (SOL), an Ethereum (ETH) competitor, to the 0.382 Fibonacci retracement level before a subsequent rally. Solana is presently priced at $189.84, reflecting a rise of over 4% in the past day.

Moreover, Altcoin Sherpa expresses optimism towards RSS3 (RSS3), a decentralized data processing protocol, suggesting a consolidation phase with an impending upward movement. RSS3 is trading at $0.523, with an increase of more than 8% in the last 24 hours.

Lastly, the analyst believes that Vanar Chain (VANRY), a layer-1 blockchain project, is in the consolidation stage and may experience a breakout in the near future. With Vanar Chain currently trading at $0.28, showing a growth of more than 4% in the previous 24 hours, Altcoin Sherpa recommends monitoring its progress as a potential investment opportunity.