Render Token (RNDR), which continued its rise by breaking the downward trend that started in mid-May, created great expectations among its investors.
Even though the RNDR price, which broke the downward trend of about four months and made a move at the beginning of September, made intermediate corrections, it continues its upward movement. RNDR, one of the popular names of artificial intelligence tokens, manages to maintain its price structure and continues to gain value despite the decline in BTC. So what is the technical outlook for RNDR? At what levels can a movement occur?
The technical structure is aiming high!
Breaks, which are among the main elements of cryptocurrency analysis, appeared with RNDR this time. The popular artificial intelligence token, which jumped by breaking the four-month downward trend, was trading at $ 1,292 on September 1. RNDR, which shot at $1.80 on October 1, showed a total increase of 39.26 percent.
RNDR, which has priced around $1.70 as of the writing of the news, may set a target of $2.60. This level indicates an increase of 52.16 percent from the current price. However, the resistances that must be overcome beforehand are also of critical importance. These resistance levels are between 2,031 – 2.24 – 2.42 and 2,515 dollars, respectively.
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