#Render Price has maintained a steep ascending trend for over a year, demonstrating its pursuit of forming new highs.
Over the last seven days, $RNDR experienced a notable 42% price increase, evident by a green candle.
In the early stages of 2024, RNDR's price exhibited a resurgence after a period of neutral trend.
RNDR witnessed a remarkable surge, skyrocketing approximately 285% to establish a new all-time high (ATH) of $13.840 on March 17th.
Following the ATH, RNDR's portfolio underwent a correction of 54.80%.
Presently, RNDR's price trades above the Daily timeframe's symmetric triangle pattern, indicating bullish sentiment.
The bullish momentum suggests a potential test of the $12.000 resistance level, aiming to establish a new ATH.
As per Coingabbar analysis, Conversely, if a bearish trend emerges, RNDR's price might lose momentum and test support levels at $8.500 and $7.000 sequentially.
KEY LEVELS :
RESISTANCE LEVEL : $12.0000-$15.0000
SUPPORT LEVEL : $7.0000-$5.0000
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