#RENDER LTF Analysis:
$RNDR has rebranded to
$RENDER and is currently trading within a descending channel on the 4h timeframe, gradually trending lower. With the current market conditions, altcoins are struggling to gain momentum. However, once capital starts rotating into alts,
$RENDER and other AI-related tokens could be among the first to move. I’ll be looking to enter a long position if
$RENDER reaches the trendline support zone; otherwise, I’ll stay on the sidelines and monitor its price action.
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