After several weeks of price consolidation, one of the many cryptocurrencies appears ready for a significant increase, according to a key indicator.
The TD Sequential indicator signals a potential buying opportunity on the three-day chart of Render (RNDR), suggesting a possible price rebound lasting from one to four candles, as noted by renowned crypto analyst Ali Martinez in a publication on Twitter.
This indicator is known for identifying potential trend reversals and continuation patterns.
Given this, it may be a suitable time for traders and investors to consider the coin before the expected price surge. Additionally, in late May, crypto analyst “Doc Crypto” set a target of $20.
However, the cryptocurrency market can be unpredictable. It is advisable to conduct thorough research, consider all associated risks, and monitor the latest news instead of relying solely on expert analysis and price forecasts.
At the time of writing, RNDR is trading at a price of $7.5, reflecting a 2.5% daily profit.