Render Price After seven consecutive green candles, a red candle appeared yesterday. However, bullish sentiment persists as a green candle with a 9% increase formed today.
Render (RNDR) price found strong support at the $7.000 mark during the recent correction, aligning with the 50% Fibonacci retracement level and a longstanding support trendline intersection.
A bullish breakout from the double-bottom pattern propelled RNDR above $10.000, indicating high momentum.
On May 5th, RNDR breached the $9.760 neckline resistance, favoring buyers for further upward movement.
Surpassing the $11.000 mark signals bullish momentum, potentially testing resistance at $12.000 and aiming above the previous all-time high (ATH) of $13.838.
As per Coingabbar analysis, Conversely, a bearish trend reversal may lead to decreased momentum, prompting RNDR to test support at $8.500.
KEY LEVELS :
RESISTANCE LEVEL : $12.000-$15.000
SUPPORT LEVEL : $8.500-$7.000
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