The Render price is observed because it approaches an important technical point. Some analysts believe that it may explode soon. World of OFrs Elite Analyst suggested to X (previously Twitter) that the encrypted currency may be about to the strong bullish step after a long unification phase. According to Twitter, the analyst expects 2X prices if the outbreak occurs and added to its positions.
With the current trading in the descending wedge pattern, the collapse above the resistance can lead to a sharp gathering. Investors and merchants monitor the main levels as this technical preparation moves.
Graphic analysis: the reflection of the slope slope
The Render price was moving in a wedge below – this usually indicates a potential upward reflection. After it reached $ 12, the price began to decrease, making the peaks and low calm. But now the price movement has become more compact, and this may mean that the collapse will come soon.
The upper direction line has been tested several times and remains important to watch. A fracture above this line can lead to a strong gathering.
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Providing support and resistance levels in focus
Render currently holds from $ 3.00 to $ 3.50, which supports the price recently. There is also historical support between $ 2.50 and $ 3.00, which makes this area look good for purchase.
For a certain outbreak, see the resistance level from 4.50 to $ 5.00. A successful step behind this range can target between 7.50 dollars to 8.00 dollars, with more resistance at $ 10 to $ 12, as the highest level was created.
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Make market morale and penetration capabilities
The upright upright feelings are in a tweet with the technical preparation, as the analyst expects a strong step by simply wiped the resistance. The mention of “solid projects” indicates confidence in the basics of the show, while the statement on the addition indicates declines to a strategy accumulating in preparation for the expected penetration.
The step that exceeds the resistance of the sorry will verify the validity of the upscale scenario, which may lead to an increase in prices by 80-100 %, in line with the 2X Twitter target. but, If the price supply fails to go out and It moves less than $ 3.00, the setup can be nullified, which leads to more negative side.
Traders and investors closely monitor with a decisive moment in her work.
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