Render

<ul class="news-points"> 
 <li><strong>Yesterday, CryptoBusy predicted that RNDR could very soon face a decrease in its price.</strong></li> 
 <li><strong>This prediction came true as RNDR’s price fell by over 2% in the past 24 hours of trading.</strong></li> 
 <li><strong>RNDR is now at risk of dropping toward its next support level at around $1.690.</strong></li> 
</ul> 
<p>The well-known cryptocurrency analysis channel, CryptoBusy, predicted in an X (formerly Twitter) post yesterday that <a href="https://coinedition.com/tag/render-rndr-token/">Render (RNDR)</a> could see a breakdown in its price very soon. CryptoBusy based their prediction on the fact that a head and shoulders pattern had formed on the altcoin’s hourly chart.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24RNDR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$RNDR</a> – head and shoulders pattern<br><br>I'm waiting for a potential bounce or another breakdown. <a href="https://t.co/CFcsWX0L7Z" target="_blank" rel="nofollow">https://t.co/CFcsWX0L7Z</a> <a href="https://t.co/DS4tRYJaIs" target="_blank" rel="nofollow">pic.twitter.com/DS4tRYJaIs</a></p>— CryptoBusy (@CryptoBusy) <a href="https://twitter.com/CryptoBusy/status/1712564650762551703?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 12, 2023</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>A head and shoulders pattern is typically a chart pattern that indicates a reversal in price direction. In other words, for traders, this pattern suggests a transition from an uptrend to a potential downtrend for RNDR. It consists of a higher peak (head) between two lower peaks (the shoulders).</p> 
<div class="wp-block-image"> 
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  <img decoding="async" src="https://coinedition.com/wp-content/uploads/2023/10/RNDR.png" alt="" class="wp-image-342799" style="width: 100%;height:311px" width="740" height="311" srcset="https://coinedition.com/wp-content/uploads/2023/10/RNDR.png 1793w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-300x126.png 300w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-1024x430.png 1024w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-380x160.png 380w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-768x323.png 768w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-1536x645.png 1536w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-159x67.png 159w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-795x334.png 795w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-440x185.png 440w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-414x174.png 414w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-326x137.png 326w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-377x158.png 377w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-123x52.png 123w, https://coinedition.com/wp-content/uploads/2023/10/RNDR-129x54.png 129w" sizes="(max-width: 740px) 100vw, 740px">
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   <em>RNDR / Tether US 1H (Source: TradingView)</em>
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</div> 
<p>Throughout the past day, the chart pattern ended up playing out and CryptoBusy’s…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/rndr-price-could-be-at-risk-of-hitting-the-1-69-support/">RNDR Price Could Be at Risk of Hitting the $1.69 Support</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

RNDR Price Could Be at Risk of Hitting the $1.69 Support

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