Render Token Pre-... Not So Fast!
2024-08-15

Render Token Grew by 1,000% since August 2023 through mid-March 2024; an amazing bullish wave.

Since June 2022 when the 2021 bear-market bottom was hit, total growth amounts to 4,900%. That is, between June 2022 and March 2024.

I don't think Render will produce another bull-market in 2025. We are likely to experience a long drawn-out range-bound market. Sideways for a long-time. Based on how the chart looks.

This pair/project would need between 7-9 months just to settle down. Produce a bottom and later on start a recovery followed by a new trend. So if it does go bullish with the rest of the market that would be in late 2025, while everything else can start moving much sooner.

Current price is relatively high compared to the last major low. This major low happened June 2022 at $0.274. Current price sits at $4.69, 1,600% higher.

For our strategy, little- to no risk, we look for bottomed out pairs. 
This pair is far away from its bottom...

We will consider the chart again in mid-2025 and depending on how it develops share a new trade-idea with the accumulation zone potential targets. It is too early.

Thank you for reading.

Namaste.