RNDR overview 1d chart (LONG)

token is growing as the render network expands and harness more and more GPU rendering power. The true value of this asset is yet far to be seen, as the decentralized rendering narrative strikes along with the metaverse narrative. At this moment, the render token has lost 58% since it's ATH after the hype, along with the downtrend, trying to find the bottom. If the value of pair drops below 3, a more profound correction might happen. Otherwise, the scenario looks pretty nice for a cup and handle inside a bigger cup and handle. The need for rendering power most probably will uprise on the face of metaverse implementation. This is a timely opportunity for 4X gains until ends of april and maybe more in the long run.

Full disclosure: I don't own any tokens myself, although I am looking forward to buy some. This is not financial advice, this is just a thought for entertainment purposes only.

Note

The pulldown of provoked a deeper correction as expected with price dropping below 3, nevertheless the bottom points and peaks are still holding the proposed times, entry point is still valid since has now broken trend. Interestingly also broke trend with respect to and trendline is now support. If holds it's own trendbreak, we will be reaching $5 target for very soon.

Full disclosure: This is not financial advice, this is just a thought for entertainment purposes only.

benjamindlct

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benjamindlct