#RNDR - chart request:
The price made a 3500 % pump in few month.⚠️
We are currently bearish and moving into a correction phase!
Compare to #KAS , it temain pretty weak against #BTC the pair!⚠️
Zooming on the daily and weekly view, I think that the price could dump toward the next key supports 4.800 - 5.00$ zone!🎯
The very narrow shape of the kumo on the weekly view is also a bad sign for the bulls (most of the time, prices break down easily through these levels).
This bearish chart can be explained in different ways, not least if the token economics aren't right. Am I wrong?
We could also see a short term bullish reaction if the price stays above $6.00! [difficult to say at the moment]
Buyers are clearly not interested at the moment🥶
If I remember correctly from my analysis several weeks ago, I was also talking about a possible correction towards $5!
In my analyses, you'll find the key support/resistance levels. The current price is neutral. (short term)
