A tweet from Doc Crypto explains that Render’s RNDR is about to present the “biggest buying opportunity” since January 2024.
Based on the post by the crypto analyst, the price of Render is within a demand zone between $4.6 and $5.25, and this is crucial to maintain a bullish trend.
Read Also: Traders Bullish on Bitcoin, Ethereum, XRP, and Solana as August Begins; BNB Lags Behind: Here’s Why
Price holding above that level is expected to trigger a new bullish move.
Securing Profit Is Important
He also talked about the importance of taking profit. The last time RNDR price rose to $15 to $20, some people were able to secure profit. The analyst sees it as a good move since nothing is guaranteed in the market.
He pointed to his greatest mistake of not taking profit when the price of RNDR rose by 35x in March.
This time the analyst sees a good buying opportunity at the current demand zone. He aims to take profit at around $15 to $25.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.