1
RNDR token slipped below the lower trendline and showed a breakdown in the last sessions.
2
Render token is near the 200-day EMA, showing weakness on the charts.
Render (RNDR) token price showed a breakdown and slipped below the rising channel’s lower trendline, suggesting weakness on the charts. Moreover, the price paused near the 200-day EMA and waited for a decisive move. If it slips, it will lead to a free fall toward the trajectory of $1.00 and, if it bounces, it will catch $2.00.
However, sellers attained strong momentum and continued leading the past sessions’ fall. This gradual decline in token price led buyers into trouble, which led to long unwinding moves that gave an advantage to sellers for spreading further breakdown in the following sessions.
The price action shows that the RNDR token price is consolidating near the 200-day EMA and struggling to hold the gains. Moreover, the charts show a negative outlook based on the short buildup a
We współpracy z: https://www.thecoinrepublic.com/2023/08/03/render-price-analysis-will-the-breakdown-spreads-tow-1-500/
