The analysis focuses on Render (RENDERUSDT) and the total crypto market cap excluding Bitcoin (TOTAL). For Render, the current price is observed around $2.386. The historical data suggests a downtrend, but the current valuation is considered undervalued. The predicted target for Render is $4.0, with a failure bound set at $1.8, indicating a bullish outlook if support at this level holds. For the total crypto market cap excluding Bitcoin, the current price is around $3.08 trillion. The analysis suggests that all liquidity in the crypto market is currently concentrated in altcoins. Historically, periods of undervaluation for the total altcoin market cap have led to significant rallies. The current position at support suggests a potential for a bounce, with an implied target of $4.5 trillion and a fail bound at $2.5 trillion, implying a bullish continuation is expected.