🚀 $RENDER

/USDT Technical Analysis & Price Targets 🎯 🚀

Looking at the latest price action for RENDER/USDT, we’re witnessing some significant price movement, with the current price at $7.23. Let’s break down the key levels and targets you should be watching for!

🔍 Key Levels to Watch:

1. Support Zone - $7.06

The price has tested this level recently and bounced back, showing strong support. If RENDER holds above this level, we might see a potential reversal.

2. Resistance Zone - $8.15

This has been the highest point in the last 24 hours. A breakout above $8.15 could signal bullish momentum, pushing RENDER towards higher levels.

3. Target 1 - $7.80

If we see upward momentum, the $7.80 target is a key area to watch. This could act as a short-term resistance before further gains.

📊 Market Sentiment:

RENDER has been facing a slight downtrend, currently showing a -9.12% drop over the last 4 hours. However, with strong support at $7.06 and potential for recovery, this could be an interesting level to watch for potential buys.

🕒 Trade Strategy:

Long: If the price bounces off $7.06, a potential long position could aim for $7.80 and ultimately $8.15.

Short: If RENDER falls below $7.06, the next target would be $6.80.

📈 Volume & Depth:

RENDER's trading volume stands at 11.22M, and USDT's volume is at 85.26M, showing healthy market participation.

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