Render Network $RENDER is starting to look interesting on the higher timeframe.



On the weekly chart, price is compressing inside a falling wedge, which is typically a bullish reversal structure.

Momentum indicators are showing signs of exhaustion on the downside, suggesting the market may have already formed a base.

If we get a confirmed breakout with volume, the move could be aggressive a strong expansion phase is possible, with upside potential building quickly.

The key now is watching for a clean break and hold above resistance.

If that happens, this setup could turn into one of the stronger trend continuations in the coming weeks.

Always manage risk, but this is definitely one to keep on the radar. 👀

#GateSquare$50KRedPacketGiveaway #USCoreCPIHitsFour-YearLow
RENDER-2,35%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)