✅ Why RNDR is a candidate for a breakout soon?
Factor Details
Sector Artificial Intelligence + Web3 + Distributed Computing
Usage 3D distribution/rendering network for artists, games, metaverse
Partnerships Strong support from Nvidia, Apple, and the digital art community
Technical analysis Forms a cup and handle pattern – indicating a significant price breakout is close
Current price Between $6.20 and $6.60 (potentially rising to $10+)
Market cap ~$2.5B — still low compared to its potential
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📊 Technical analysis (summary):
Strong support: $5.80
Next resistance: $7.50
Target after breakout: $9.80 - $11.00
RSI: Close to 55 – still room for upward movement without overbought conditions
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🔥 Why now?
The metaverse and AI have begun to return strongly to the market.
The market is witnessing a transfer of liquidity from memes to truly strong projects.
News from major companies like Apple and Adobe supports platforms like Render for commercial use.
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🎯 Entry plan (proposed):
Step Price Notes
Initial buy $6.30 - $6.50 Stop loss $5.70
Buy on breakout > $7.60 Confirmation of a major upward move
First target $9.80 Partial profit-taking
Second target $11.00 - $13.00 Final profit-taking or continuation based on the market