Render’s price is falling. It dropped below the $3.30 support level, which is bad news for investors. This breakdown might push the price all the way down to $1.00.
Crypto analyst Ali revealed on X that breaking below $3.30 makes a drop to $1.00 more likely. This matches up with previous price patterns.
What you'll learn 👉
RENDER Technical Analysis
The price of Render has been trending down for a while, making consistently lower highs and lower lows. After peaking above $11.00, it’s been on a steady decline.
The drop below $3.30 shows sellers are taking control. Traders are now watching for support at $2.60 and $1.00. Previous support levels at $5.00, $7.50, and $11.00 have become resistance levels, making it harder for the price to recover.
Render’s price is at a critical point. If it can’t get back above $3.30, we’ll likely see more losses. The next support is around $2.60, with $1.00 as a target if the selling continues.
Traders are looking at volume too; more selling would confirm the downtrend. A weekly close below $3.30 would strengthen the bearish outlook. But if buyers push the price back above $3.30, we might see stabilization.
Could RENDER’s Price Rebound or See a Deeper Correction?
The market is watching for any signs of price stability. Retesting broken support levels could help clarify if Render’s price will recover or keep falling.
Despite short-term price swings, the analyst says staying above key levels is crucial for Render to recover. Traders should watch upcoming weekly closes and trading volumes for clues about where the market is heading.
Read Also: Why Is the Crypto Market Crashing Today as Bitcoin Price Dips Below $87K
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