Render (RNDR) token has been on a strong recovery rally for almost two months now, with a steady price action recording higher highs and higher lows.
Render token price is up 50% since the early September low of $1.294.
Price Prediction: A 10% rise in sight for Render Render price consolidates Render is up 50% since the September 1 low of $1.294. More interestingly, it actualized the forecasted 10% gains predicted beginning October 12. However, the uptrend may now be exhausted as the Relative Strength Index approaches its multi-month peak. Based on the three-day chart for the
at the swing lows of $1.277, $1.474, and 1.715 may be taking early profits. The uptrend could therefore halt, or end entirely, depending on how bulls play their hands now. If sellers have their way, Render price could break below the immediate support at $1.715, or lower to breach the $1.474 support. In the dire case, the slump could move lower to the $1.274 level. A break and close below this key support could initiate a fresh downtrend.
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