#Render๐๐ $3.6 , $3.8 or $4โ$RENDER Price Surge Key Levels and Market Dynamics Revealedโ$RENDER is trading at $3.576, reflecting a solid 7.65% increase in the last 24 hours. The asset has seen a significant bounce from its low of $3.279 to a high of $3.576.
Key Levels to Watch
Resistance: The immediate resistance lies at $3.576, where the price recently peaked. A breakout above this could push the price toward the $3.60โ$3.65 range.
Support: The primary support level is at $3.279. A fall below this mark could signal further downside, with the next support level potentially at $3.20.
Order Book Insights
Bid Orders: 52.60% of orders are on the buy side, indicating strong buying interest.
Ask Orders: 47.40% of orders are on the sell side, showing slightly lower selling pressure.
The order book imbalance points to bullish sentiment, with more demand than supply.
Trade Outlook
Bullish Scenario: A successful break above $3.576 could target higher levels, potentially around $3.60โ$3.65.
Market Sentiment
With the buying pressure outweighing selling pressure, RENDER/USDT appears poised for further upward momentum. Traders should monitor the key resistance level closely for breakout opportunities.