Render Token continues its rise by breaking the downward trend that started in mid-May ( RNDR), created great expectations among investors.
Breaking the downward trend of about four months and making a move at the beginning of September RNDR Even though it makes intermediate corrections in its price, it continues its upward movement. One of the popular names of artificial intelligence tokens is RNDR, BTC Despite the decrease in , it has managed to maintain its price structure and continues to gain value. So what is the technical outlook for RNDR? At what levels can a movement occur?
The technical structure is aiming high!
Breaks, which are among the main elements of cryptocurrency analysis, appeared with RNDR this time. The popular artificial intelligence token, which jumped by breaking the four-month downward trend, was trading at $ 1,292 on September 1. RNDR, which shot at $1.80 on October 1, showed a total increase of 39.26 percent.
RNDR, which has priced around $1.70 as of the writing of the news, may set a target of $2.60. This level indicates an increase of 52.16 percent from the current price. However, the resistances that must be overcome beforehand are also of critical importance. These resistance levels are between 2,031 – 2.24 – 2.42 and 2,515 dollars, respectively.
