Token

Render

Resistance

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/rndr-token-surpasses-critical-resistance" data-wpel-link="internal" rel="noopener noreferrer nofollow">RNDR Token Surpasses Critical Resistance</a><br></p>
<p style="text-align: justify">Render (RNDR) has experienced low volatility, trading within a tight range recently. The 200 EMA on the 4-hour chart has acted as a crucial support, while the 100 EMA and the base line of the 4-hour Ichimoku Cloud provided significant resistance last week. However, RNDR’s price surged above these resistance levels yesterday.</p>
<h2 id="what-are-the-key-resistance-levels">What Are the Key Resistance Levels?</h2>
<p style="text-align: justify">RNDR’s price recently tested the upper boundary of the Ichimoku Cloud at $10.8, a critical resistance level for the token. Breaking this level could propel the price to the $11.3 to $11.5 range. Experts highlight the $10.2 price level as another vital resistance point. If <a href="https://en.bitcoinhaber.net/arthur-hayes-foresees-major-crypto-market-boost" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price climbs to the $72,000 to $73,000 range, RNDR is expected to exceed the $11.3 level.</p>
<h2 id="will-there-be-a-price-correction">Will There Be a Price Correction?</h2>
<p style="text-align: justify">The RSI on the 4-hour chart rose to 70 as the price approached the $10.8 resistance, indicating a potential price correction. A breakdown from the Cloud could shift <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> sentiment, possibly leading the price to settle between $9.9 and $10.2. The daily Ichimoku Cloud remains a crucial support level, suggesting continued bullish momentum.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>Monitor the $10.8 resistance level for potential upward movement.</li>
 <li>Watch Bitcoin’s price trajectory, as it could influence RNDR’s price.</li>
 <li>Be aware of a possible correction if RNDR fails to maintain above the Cloud.</li>
 <li>The daily Ichimoku Cloud provides strong medium-term support at $10.</li>
</ul>
<p style="text-align: justify">In conclusion, RNDR’s price movement around the $10.8 resistance level is closely watched. Breaking above this point could signal further gains towards $11.3 to $11.5. Investors should keep an eye on Bitcoin’s price movements, as they could impact RNDR’s trajectory. Continued monitoring of these levels is essential for strategic decision-making.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/rndr-token-surpasses-critical-resistance" data-wpel-link="internal" rel="noopener noreferrer nofollow">RNDR Token Surpasses Critical Resistance</a></h5>

RNDR Token Surpasses Critical Resistance

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