Render (RNDR), which continued its upward momentum despite the decline in Bitcoin (BTC), recorded an increase of nearly 8 percent in a very short time.
BTC, which has been losing value since hitting $28,570, dropped to $26,950 overnight. Both the rise in BTC dominance and the downward movement in price dealt a blow to the altcoin market. While most altcoins dropped more than 5 percent, the price movement in Render (RNDR) did not go unnoticed. The popular artificial intelligence project increased by 3.51 percent in the last 24 hours and took the first place on the “Top Rising” list.
The positive reflection of the trend break is not slowing down!
RNDR, which started to decline in mid-May, broke this trend at the end of August and achieved a significant increase. The popular coin, which continues its upward movement even though it makes corrections from time to time, closed daily above an important resistance. RNDR, which continues to hold $1,721 as support, may be giving a green light for a bull run.
The bullish price structure on RNDR is likely to continue unless $1.72 is broken to the downside. The resistance points that can be targeted in such a scenario are $2.031 – $2.24 and $2.51 respectively. If the popular coin reaches $2.51, it will have experienced a 40.36 percent increase from the current price.
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