Analyst Sets Condition for RENDER Price Rally
- Price Trend Analysis: The RENDER price closed at $1.895, up 1.07% on the latest trading day, yet remains below the 200 EMA at $2.08, indicating a persistent downward trend and a bearish market sentiment.
- Significant Resistance Zone: The RENDER price faces a massive resistance zone between $3.80 and $4.40, with the current price at $1.89 being less than half of the lower end of this range, suggesting that a breakthrough would require substantial buying pressure.
- Analyst's Perspective: Analyst CyrilXBT emphasizes that the RENDER price must reclaim and close above the 200 EMA for him to take interest, indicating that the current trend remains bearish and requires cautious observation.
- Future Price Predictions: If the RENDER price fails to break above $2.08, it may retreat towards recent lows around $1.80 and $1.70, reflecting that market expectations for a price rebound will take time to materialize.
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Technical Analysis for RENDER
Technical Sentiment Analysis for Render (RENDER). As of , Render (RENDER) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 7 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for RENDER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, RENDER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Render (RENDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.403 | 1.578 | 1.731 | 1.906 | 2.059 | 2.234 | 2.387 |
| Fibonacci | 1.578 | 1.704 | 1.781 | 1.906 | 2.032 | 2.109 | 2.234 |
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