RENDER Price Prediction, RNDR Ready to Smash Its All Time High

RENDER hit a 2023 peak, sustaining an upward trend since Jan 2022.

• According to Coingabbar Technical Analysis, On the 4-hour chart, Render is currently trading inside the Rising Channel Pattern.

• After successfully breaching the Rounding Bottom Pattern, Render witnessed a robust rally, with a significant 13.30% increase yesterday, establishing a new yearly high.

• According to Fibonacci retracement levels, the next resistance for Render is anticipated near $5.70. The price reached a new yearly high yesterday, maintaining the upward momentum since January 2022.

• Bullish momentum remains strong as Render could potentially reclaim $5.70. Sustaining at this level may prompt a further surge, aiming for a test of $6.00.

• Conversely, in the event of a trend reversal, there's a risk of loss in both momentum and value. If bears dominate, a critical support test is likely around $4.40, as indicated by the rising channel pattern.

KEY LEVELS :

RESISTANCE LEVEL : $5.30-$5.70

SUPPORT LEVEL : $4.75-$4.50

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