RNDR is showing signs of life at a major support level.After a significant pullback, RNDR is finding solid ground in the $2.90 range, a critical area that previously acted as resistance. The 4-hour chart is flashing a bullish divergence on the Stochastic oscillator, suggesting the downward momentum is fading.
This could be the accumulation zone before the next major rally.
#RNDR #Render #CryptoTrading #TechnicalAnalysis #Bullish
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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.