According to a key indicator, after several weeks of price consolidation, one of the many cryptocurrencies appears poised for significant upside.
The TD Sequential indicator suggests buying opportunities for Render (RNDR) on its three-day chart, indicating prices might rebound for one to four candlesticks, as noted by cryptocurrency analyst Ali Martinez in a post on Twitter.
TD Sequential Shows Buy Signal
#Render
3-Day Chart Predicts Rebound for One to Four Candlesticks
$RNDR
!
pic.twitter.com/ByUOexCbzh
— Ali (@ali_charts)
July 1, 2024
The indicator is renowned for identifying potential trend reversals and continuation patterns.
Considering this, now may be a favorable time for traders and investors to pay attention to the token in anticipation of price surges. Additionally, by late May, cryptocurrency analyst “Crypto Chronicles” set a target of $20.
Read more:
Kaspa (KAS) Price Hits All-Time High in Cryptocurrency Market
However, it could be unpredictable. It is prudent to conduct thorough research, consider all relevant risks, and focus on the latest news rather than relying solely on expert analysis and price predictions.
As of the time of writing, RNDR trades at $7.5, with a daily increase of 2.5%.
