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🚨🚨Render Token Achieves New all-time high (ATH)!🚨🚨
The RNDR price traded in a closed range between $4.470 and $5.156 for a period, after which the bulls recorded a jump of 20.73. However, the rally was short-lived as the price faced rejection at $5.764, following which the price traded sideways for a while.
As the market volatility grew, the bulls gained just enough momentum to break out of the resistance level, where the price displayed a neutral trend for the next few days. Following multiple failed attempts, the bulls successfully regained momentum and jumped over 28% in valuation.
🔥RNDR Price Analysis🔥
Following this, the Render token traded in a consolidated range between $6.699 and $8.10 for the next twelve days. After testing its low of $5.764, the altcoin regained momentum and recorded a jump of over 70% within the last two days.
The technical indicator, MACD, displays a significant jump in the green histogram, highlighting an increase in the buying pressure in the crypto market. Further, the averages show a sharp rise in the chart, suggesting a positive price action in the upcoming weeks
🔥🔥Will RNDR Token Price Go Up?🔥🔥
If the market pushes the price above the resistance level of $10, the bulls will continue to rise and test its upper resistance level of $11. Moreover, if the bulls maintain the price at that level, it will set the stage for the RNDR token to attempt to test its upper high of $12 by the weekend.
Conversely, if a trend reversal occurs, the bulls will lose momentum and fall to test its support level of $9.224. Further, if the bears continue to overpower the bulls, it will continue bleeding and test its lower support level of $8.10.
#TrendingTopic #Write2earn
The RNDR price traded in a closed range between $4.470 and $5.156 for a period, after which the bulls recorded a jump of 20.73. However, the rally was short-lived as the price faced rejection at $5.764, following which the price traded sideways for a while.
As the market volatility grew, the bulls gained just enough momentum to break out of the resistance level, where the price displayed a neutral trend for the next few days. Following multiple failed attempts, the bulls successfully regained momentum and jumped over 28% in valuation.
🔥RNDR Price Analysis🔥
Following this, the Render token traded in a consolidated range between $6.699 and $8.10 for the next twelve days. After testing its low of $5.764, the altcoin regained momentum and recorded a jump of over 70% within the last two days.
The technical indicator, MACD, displays a significant jump in the green histogram, highlighting an increase in the buying pressure in the crypto market. Further, the averages show a sharp rise in the chart, suggesting a positive price action in the upcoming weeks
🔥🔥Will RNDR Token Price Go Up?🔥🔥
If the market pushes the price above the resistance level of $10, the bulls will continue to rise and test its upper resistance level of $11. Moreover, if the bulls maintain the price at that level, it will set the stage for the RNDR token to attempt to test its upper high of $12 by the weekend.
Conversely, if a trend reversal occurs, the bulls will lose momentum and fall to test its support level of $9.224. Further, if the bears continue to overpower the bulls, it will continue bleeding and test its lower support level of $8.10.
#TrendingTopic #Write2earn
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