RNDR price exhibits a significant uptrend since September, marking a remarkable 122% increase in just 60 days.
Altcoins surpassed the crucial $2.25 level at the beginning of October, providing strong support for RNDR's price, consistent since March 2021.
Breaking a 1.5-year resistance, RNDR's price surged past the $3.30 barrier.
According to Coingabbar Technical Analysis, Render's price has overcome a bearish trend observed earlier this month.
On the daily chart, RNDR faces challenges in maintaining position above the Neckline of the Rounding Bottom Pattern.
Post Golden Crossover, RNDR's price surged by nearly 50% from the breakout level.
All technical indicators point to an upward movement, including RSI, Ichimoku Cloud, MACD, and Super Trend.
If RNDR can sustain above $3.30, potential targets lie at $4.40-$5.50; failure to surpass may lead to a dip around $2.50-$2.00.
KEY LEVELS :
RESISTANCE LEVEL : $3.10-$3.30
SUPPORT LEVEL : $2.60-$2.30
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