RNDR Analysis- 👀
On the daily timeframe of the Render chart, we see a medium-term consolidation 📈 Price has been walking between some levels for quite some time now.
Recently, the price managed to break out of an important zone around the ~$9.25 and ~$9.88 marks. It started to act as support as consolidation above it occurred.
On the last breakout, however, the price started to go for a downside breakdown of this zone 📉 However, the strait is being bought back for now.
If in the near future, for example on Monday, the price manages to get back behind the support zone, we should expect a transition to growth 📈
