Quick Technical Analysis on $RENDER – Are We Preparing for a New Breakout?
The RENDER/USDT pair is currently trading at 5.38 after a strong bounce from a local support at 5.208, and technical indicators are showing readiness to continue rising.
Technical Outlook:
RSI (6) = 67 → Near the overbought territory, but has not reached the peak yet.
MACD shows a clear positive crossover supporting the upward momentum.
The price has broken above the MA 5 and 10 averages again.
Consecutive green candles with increasing volume support the continuation of the movement.
Important Levels:
Current Resistance: 5.514 – If broken, we might see acceleration towards 5.70.
Immediate Support: 5.31 – Can be used as a stop-loss point for quick traders.
Opportunity:
If it holds above 5.38 with a strong breakout at 5.51, we may witness a rapid surge.
Are you also following $RENDER ? Share your predictions with me, and will you enter with the next breakout?