Render (RNDR) Price Now Presents a ‘Fantastic Buying Opportunity’ Amid Ongoing Crypto Market Dip
The price of Render (RNDR) has been declining, following the direction of many other popular cryptos. In the last 47 hours, it has dipped by more than 10%.
However, D0c Crypto sees the current price level as a fantastic buying opportunity. Let’s consider his outlook.
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The analysis shows major support between $0.68 and $0.65. This support is strong considering that the price has bounced off that level six times in the past.
This has also made D0c Crypto more confident about this price level. The crypto analyst thinks the price could reverse at the 0.65 level and sees it as a good buying opportunity.
However, the analyst also warns against greed. Whoever wants to buy should also carefully consider the risks involved and time their entries.
The Relative Strength Index also shows that RSI is at 37, which also indicates that it is close to being oversold. At the oversold level, the price could reverse or see some corrections.
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