According to a key indicator, after several weeks of price consolidation, one of the many cryptocurrencies seems poised for a significant increase.
The TD Sequential indicator suggests that Render’s (RNDR) buying opportunity on its three-day chart indicates that the price may rebound for one to four candlesticks, cryptocurrency analyst Ali Martinez pointed out in a Twitter post.
TD Sequential presents a buying signal
#Render
3-day chart, predicting a rebound for one to four candlesticks
$RNDR
! pic.twitter.com/ByUOexCbzh
— Ali (@ali_charts)
July 1, 2024
The indicator is known for identifying potential trend reversals and continuation patterns.
Considering this, now may be a good time for traders and investors to pay attention to the token before expecting a price surge. Additionally, by the end of May, cryptocurrency analyst “CryptoDome” set a target of $20 for the token.
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However, it may be unpredictable. It is wise to conduct thorough research, consider all relevant risks, and focus on the latest news rather than relying solely on expert analysis and price predictions.
At the time of writing this article, RNDR’s trading price is $7.5, with a daily increase of 2.5%.
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