Price Action Suggests Another 40% Price Dip for Render (RNDR): Here’s the Outlook and Next Price Target

2024-7-9 13:30

The price of Render (RNDR) could be in for another over 40% fall as crypto analyst Jonnieking posted a bearish outlook on TradingView. Based on his analysis, the price of Render has broken below a second trendline, which has acted as support for the price. 

With a retest of the broken trend line (now as a resistance), the price seems ready to fall to around $3.5 based on the analyst’s analysis. 

He called the setup a “perfect entry to SHORT” following the rejection of the lower trendline resistance. Based on the price action, the analyst sees the price dipping to the next support, which is also at the .236 Fibonacci level. That price level is where he intends to enter a new buy trade. 

The relative strength index of Render is around 39, as it started to recover from 36 two days ago. However, it is still below the RSI-based moving average, which could potentially serve as resistance for the price. 

.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!

Sponsored

Show more +Show less –

Read Also: Here’s Why Celestia (TIA) Price is Pumping

The price is also still far below the 50-day simple moving average, which could also serve as resistance. 

Although Render’s price action looks bearish, the more general market is recovering, and traders may need to be open-minded about the next direction. They need to monitor the two broken trendlines, as a break above them again (turning them to support) could be a buy signal.

Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.

Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.

The post Price Action Suggests Another 40% Price Dip for Render (RNDR): Here’s the Outlook and Next Price Target appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price render outlook rndr another bearish based

price render → Результатов: 87


Render Token Price Prediction 2023 – 2025 – 2030 | RNDR Price Forecast

In this guide, we will voice our own and market’s opinion on RNDR future while discussing the Render Token price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future […] The post Render Token Price Prediction 2023 – 2025 – 2030 | RNDR Price Forecast appeared first on CaptainAltcoin.

2023-4-1 23:34


Render Token Price Prediction 2022 – 2025 – 2030 | RNDR Price Forecast

In this guide, we will voice our own and market’s opinion on RNDR future while discussing the Render Token price forecast for 2022 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future […] The post Render Token Price Prediction 2022 – 2025 – 2030 | RNDR Price Forecast appeared first on CaptainAltcoin.

2021-12-9 15:32