#RENDER Technical Analysis in a Daily Timeframe
2024-09-11

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Now, let’s dive into this chart analysis:

RENDER is facing resistance at the 50 EMA, and to continue its rebound, it must break above this level.

The price is gaining strong momentum, and as long as RENDER maintains the support trendline, we can expect the rally to continue.

If a rejection occurs, the lower support could present a good entry range for RENDER.

Key levels:

- Primary Resistance: $5.427.
- Initial Target: $8.02
- Primary Support: $4.09.
- Lower Support/Good Entry: $3.38.

DYOR, NFA.

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