The recovery trend in the crypto market continues to gain momentum as Bitcoin shows a 6-day rally to surpass the $65000 mark. Amid the renewed market sentiment, the altcoin market has projected the bottom formation of the last correction and potential for the next leap. Render price prediction supports this theory as the buyers carried a sharp reversal from $5.6 support coinciding with the key retracement level.
Render Price Prediction Signals 30% Leap, But There’s a Catch
Render Price Prediction| Tradingview
Amid the early July market uncertainty, the RDNR price showcased a consolidation trend seeking support at $5.68. The horizontal level coinciding with the 23.6% Fibonacci retracement level indicates a healthy retracement for the Render token before the next leap.
Interestingly, the entire correction phase has been led by two downsloping trendlines revealing the formation of a flag pattern. If the identical is corrected, the RNDR token is better positioned for a prolonged bull run

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