Token

Rally

bullish

<p>Analyst Crypto Patel has shared insights on the <a href="https://captainaltcoin.com/render-rndr-price-gearing-for-double-digit-spike-but-these-key-resistance-levels-may-shorten-rally/" target="_blank" rel="noopener noreferrer nofollow">price movements of RENDER</a>, suggesting a potential upward surge. According to his analysis, the token’s current price action hinges on the crucial $4 support level.&nbsp;</p>
<p>However, there are challenges that investors must watch closely before aiming for the ambitious $20 target. As of now, RENDER is in a downward trend within a descending channel, exhibiting bearish tendencies.&nbsp;</p>
<p>The price has been experiencing lower highs and lower lows, indicating market weakness. Despite this, the $4 support level stands as a key point to monitor. Patel emphasizes that holding this level could initiate a recovery.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/RENDER?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#RENDER</a>/USDT Chart Analysis<a href="https://twitter.com/search?q=%24RENDER&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$RENDER</a> looks promising, with the next uptrend depending on the $4 support level. If $4 holds, we could see a target of $20! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>However, if $4 breaks, expect a potential drop toward $1 support.<br><br>Key Levels:<br>Strong Supports: $4/$1.50<br>Resistance: $6.50… <a href="https://t.co/3wliexPGM7" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/3wliexPGM7</a></p>— Crypto Patel (@CryptoPatel) <a href="https://twitter.com/CryptoPatel/status/1844655618470068367?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 11, 2024</a>
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<p>If $4 is breached, a more severe drop could follow, potentially driving the price toward the next support at $1.50. Patel’s analysis points to these levels as critical markers for future price movements, giving traders clear zones to monitor.</p>
<h2 class="wp-block-heading" id="strong-resistance-levels-and-potential-upside-strong"><strong>Resistance Levels and Potential Upside</strong></h2>
<p>While the current trend is bearish, Crypto Patel highlights the resistance level of $6.50 as a hurdle for any bullish attempt. Breaking through this resistance would signal the beginning of a potential rally, creating an opportunity <a href="https://coinmarketcap.com/currencies/render/" target="_blank" rel="noopener noreferrer nofollow">for the token to push higher</a>.</p>
<p>Should market sentiment improve and the $6.50 resistance be cleared, the price could move toward Patel’s optimistic target of $20. However, achieving this level would likely require substantial market catalysts and improved investor confidence.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/mantra-om-price-pumps-among-top-crypto-gainers/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>MANTRA (OM) Price Pumps, Among Top Crypto Gainers</em></strong><br></a></p>
<h2 class="wp-block-heading" id="strong-bearish-and-bullish-scenarios-strong"><strong>Bearish and Bullish Scenarios</strong></h2>
<p>Crypto Patel outlines two possible scenarios for RENDER. On the bullish side, maintaining support at $4 and breaking past the $6.50 resistance could propel the price toward the ambitious $20 mark. This scenario would represent a dramatic reversal of the current bearish trend, fueled by positive market developments.</p>
<p>On the bearish side, failing to hold $4 could result in a sharp decline toward $1.50, as the analyst warns. This outcome aligns with the token’s downward trajectory, signaling further weakness in the short term.</p>
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<p>The post <a href="https://captainaltcoin.com/render-ai-token-price-could-rally-to-20-but-theres-a-catch/" rel="noopener noreferrer nofollow">RENDER AI Token Price Could Rally to $20, But There’s a Catch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

RENDER AI Token Price Could Rally to $20, But There’s a Catch

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