CandleFocus Render (RNDR) Price Eyes $10 After Breaking Key Resistance
2024-11-21
Author: Content Editor
The price of Render (RNDR) has increased by 0.85% to $7.731, surpassing a crucial downtrend line resistance and signaling bullish control in the market. Market analyst Cryptodoc_ predicts that RNDR could reach as high as $25 by 2025. The breakout from the descending resistance line confirms a shift in trend from bearish to bullish, and the token has maintained its price above the $7.50-$7.70 level, suggesting potential for further growth. The next resistance levels to watch are $8.00, $10.00, and $13.00. However, sustained volume during retests of resistance is crucial for continued upward movement. If the $7.50-$7.70 support is not held, prices may retrace to $6.50-$7.00. Analyst AMCryptoAlex also highlights that RNDR has completed an accumulation phase and is entering an expansion phase, with a projection of reaching $20 by early 2025.
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