Based

Render

Satoshi

Show

Read

<p><a href="https://coinmarketcap.com/currencies/render/" target="_blank" rel="noopener noreferrer nofollow">The price of Render (RNDR)</a> could be in for another over 40% fall as crypto analyst Jonnieking posted <a href="https://www.tradingview.com/chart/RNDRUSD/qaKjJemk-MAJOR-Correction-Coming-for-RNDR/" target="_blank" rel="noopener noreferrer nofollow">a bearish outlook on TradingView</a>. Based on his analysis, the price of Render has broken below a second trendline, which has acted as support for the price.&nbsp;</p>
<p>With a retest of the broken trend line (now as a resistance), the price seems ready to fall to around $3.5 based on the analyst’s analysis.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="428" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-246-1024x428.png" alt="" class="wp-image-522659" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-246-1024x428.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-246-300x125.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-246-768x321.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-246-1536x642.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-246-2048x856.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-246-359x150.png 359w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-246-100x42.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-246-837x350.png 837w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-246-788x329.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-246.png 1337w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>He called the setup a “perfect entry to SHORT” following the rejection of the lower trendline resistance. Based on the price action, the analyst sees the price dipping to the next support, which is also at the .236 Fibonacci level. That price level is where he intends to enter a new buy trade.&nbsp;</p>
<p>The relative strength index of Render is around 39, as it started to recover from 36 two days ago. However, it is still below the RSI-based moving average, which could potentially serve as resistance for the price.&nbsp;</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/heres-why-celestia-tia-price-is-pumping/" target="_blank" rel="noopener noreferrer nofollow">Here’s Why Celestia (TIA) Price is Pumping</a></em></strong></p>
<p>The price is also still far below the 50-day simple moving average, which could also serve as resistance.&nbsp;</p>
<p>Although Render’s price action looks bearish, the more general market is recovering, and traders may need to be open-minded about the next direction. They need to monitor the two broken trendlines, as a break above them again (turning them to support) could be a buy signal.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/price-action-suggests-another-40-price-dip-for-render-rndr-heres-the-outlook-and-next-price-target/" rel="noopener noreferrer nofollow">Price Action Suggests Another 40% Price Dip for Render (RNDR): Here’s the Outlook and Next Price Target</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Price Action Suggests Another 40% Price Dip for Render (RNDR): Here’s the Outlook and Next Price Target

Innehållsförteckning

CaptainAltcoin

Andra artiklar publicerade 9 juli 2024

Whales Rally to BlockDAG After $30 Prediction by 2030; BNB Chain Cultivates Meme Coins, Toncoin B...

Japan’s Crypto Trading Surge: 500,000 Daily Traders Expected by Year-End

EMURGO and Encryptus Collaborate to Launch USDA Stablecoin

Fuk MT Gox Memecoin Skyrockets 190% and Will Rally Another 17,000% Before KuCoin Listing

Michael Saylor’s Cryptic Bitcoin Message To German Government

CBOE Files Form 19b-4s for Solana ETFs, SEC Has Until Mid-March 2025 to Respond

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!