- When the technical chart of the RNDR coin is examined, it can be seen that closing above the resistance level of $1.73 has been attempted.
- If the price closes below the $1.73 level for 2 hours, the downward trend and movement towards the support range of $1.704 – $1.687 may increase.
- If the price receives buying reactions in the range of $1.704 – $1.687, the upward trend can continue up to the levels of $1.76 and $1.84.
In the technical chart of the RNDR coin, it is observed that the price is trying to move above the resistance level of $1.73. However, closing below $1.73 can increase the downward trend and trigger a movement towards the support range of $1.704 – $1.687.
Medium-Term RNDR Analysis
Daily RNDR/USD Price Chart
When the current technical chart of the RNDR coin is examined, it can be seen that it has provided a return of 11% by initiating an upward movement from the region mentioned in the analysis shared on August 10th.
If the RNDR coin continues to stay above the support range of $1.586 – $1.504, it may aim to continue the upward trend. In this case, it may first target the level of $1.842 and then the levels of $2.26. However, in order to surpass the resistance level of $2.26, it needs to close daily above the level of $1.842.
If the RNDR coin fails to close daily above the level of $1.84, it may extend the downward trend to the support range of $1.586 – $1.504. Additionally, if the price closes below the $1.50 level, the downward movement may continue until the levels of $1.37.
Short-Term RNDR Coin Analysis
2-Hourly RNDR/USD Price Chart
When the current technical chart of the RNDR coin is examined, it is observed that the price is attempting to close above the resistance zone at $1.734 on a 2-hourly basis. However, if the RNDR price closes below the level of $1.73 for 2 hours, it may extend the downward trend to the support range mentioned in the analysis, which is $1.704 – $1.687.
If the RNDR coin receives strong buying reactions from the support range of $1.704 – $1.687, it may aim to continue the upward trend starting from these support levels and target the level of $1.76 first and then the level of $1.84.
However, if the RNDR coin closes below the level of $1.68 for 2 hours, it may continue the downward movement until the level of $1.64. All of these levels emphasize the need for RNDR investors to carefully monitor the critical points mentioned in the analysis.
