RNDR Technical Analysis on Daily Timeframe

$RNDR is one of the leading projects in the artificial intelligence-based project category.

We can observe that there is a price movement that tends to form a Range structure for#RENDERafter a long-term rise. No matter how sluggish the price progresses, it will show its direction soon. Our mid-range point has been acting as support for 1 month. We can see that this region is protected by buyers. In the scenario where the price will continue upward, after the breaking of the falling trend, the $ 11.80 band and then our Range peak at $ 13.65 can be considered as a resistance or profit-taking zone for us. The fact that our Range midpoint has been exposed to contacts for such a long time may cause sharp price movements in the scenario where it breaks down. If this happens, the $ 8.6 band will be our first support, the $ 7.25 band will be our second support, and finally our Range bottom point, the 5.87 region will be the possible support points.#BinanceHerYerde #TopCoinsJune2024 #Bitcoin