RENDER Price Prediction, RNDR Ready to Smash Its All Time High
- Despite heightened price volatility in the crypto industry, Render Token consistently demonstrates an upward trajectory in its portfolio.
- Render Token exhibits a strong and enduring bullish sentiment as it remains within the confines of a rising channel pattern.
- Over the past 24 hours, the RNDR Price has experienced an impressive surge of more than 8%, contributing to a cumulative gain of over 13% for the entire week.
RENDER hit a 2023 peak, sustaining an upward trend since Jan 2022.
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According to Coingabbar Technical Analysis, On the 4-hour chart, Render is currently trading inside the Rising Channel Pattern.
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After successfully breaching the Rounding Bottom Pattern, Render witnessed a robust rally, with a significant 13.30% increase yesterday, establishing a new yearly high.
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According to Fibonacci retracement levels, the next resistance for Render is anticipated near $5.70. The price reached a new yearly high yesterday, maintaining the upward momentum since January 2022.
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Bullish momentum remains strong as Render could potentially reclaim $5.70. Sustaining at this level may prompt a further surge, aiming for a test of $6.00.
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Conversely, in the event of a trend reversal, there's a risk of loss in both momentum and value. If bears dominate, a critical support test is likely around $4.40, as indicated by the rising channel pattern.
KEY LEVELS :
RESISTANCE LEVEL : $5.30-$5.70
SUPPORT LEVEL : $4.75-$4.50
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
