Render is currently experiencing volatility as it undergoes price discovery. Despite recent fluctuations, the chart continues to align with a long-term upward trend line, indicating sustained bullish momentum. After a recent dip, Render saw a soft bounce but will require significant buying volume to challenge resistance levels. Render appears to be in a favorable position for long-term investment. A continued upward trend is expected, with potential gains likely in October.
Support - $5.16
Resistance - $5.90
RSI - Neutral
Fear & Greed Index (Binance) - Neutral 49 ( as of 10/8/2024)
Support - $5.16
Resistance - $5.90
RSI - Neutral
Fear & Greed Index (Binance) - Neutral 49 ( as of 10/8/2024)
Note
10/10/2024 - Render broke support at 4.93 but looks to bounce. The chart shows short signals, and volume is in a downtrend. I'll be adding to my position.Trade active
Render has surpassed its previous high of $8.47 and is currently in a consolidation phase, with support at $6.99 and resistance at $8.33. The Relative Strength Index (RSI) indicates that Render is overvalued, suggesting a likely pullback to the support level before a potential upward bounce. There has been significant buying volume, and I believe there are potential long trades that could drive Render to a more favorable market value.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.