RENDER to Continue Rally if This Support Holds: What’s Next for ONDO Price After New All-Time High?
Rekt Capital updated on the price of Render (RENDER) and ONDO in his latest newsletter. Last week, the crypto analyst highlighted Render key retest. Historically, Render was on the cusp of a significant green-circled retest. Following a successful retest, the price rallied higher, validating the analyst’s expectations.
After successfully retesting the black $7.31 level as support, Render price is now focused on the early 2024 support of $7.95 (blue). This indicates that RENDER is consistently ascending, forming higher lows and retesting progressively higher support levels.
Continued stability at these levels is crucial for Render to appreciate further. Any downside volatility, reflected through wicks, is likely to reinforce the retests of both the black and blue levels. Currently, RENDER appears well-positioned for upward movement, and the analyst remains optimistic about its trajectory.
ONDO Hits New All-Time High
Last week, the analyst discussed ONDO’s key retest, which had the potential to propel the price toward new all-time highs.
Today, it is confirmed that ONDO successfully retested the light blue $0.97 level as support, allowing the price to surge to the $1.37 resistance (black). This breakout has resulted in Ondo reaching new all-time highs and entering price discovery.
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Since the successful retest, ONDO has rallied between 80% to 100%. In this price discovery phase, the logical area for any potential pullbacks would be the previous resistance at $1.37, which may now function as support if needed. Typically, in such scenarios, the bullish momentum can be strong enough to prevent post-breakout retests.
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