Render Token Price Prediction 2023

Render Token (RNDR) Price Prediction 2023

Render Token (RNDR) ranks 55th on CoinMarketCap in terms of its market capitalization. The overview of the Render Token price prediction for 2023 is explained below with a daily time frame.

In the above chart, Render Token (RNDR) laid out a horizontal channel pattern, horizontal channel pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it.

A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.

At the time of analysis, the price of Render Token (RNDR) was recorded at $2.38. If the pattern trend continues, the price of RNDR might reach the resistance levels of $2.117, $2.581 and $3.525. If the trend reverses, then the price of RNDR may fall to the support of $1.638.

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