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<p>Top crypto analyst World Of Charts predicts <a href="https://captainaltcoin.com/this-bullish-pattern-could-send-render-price-to-18-heres-the-outlook/" target="_blank" rel="noopener noreferrer nofollow">RENDER</a> could mirror Raydium’s (RAY) price movement following its breakthrough of key resistance levels. The analyst points to RAY’s 190% surge after a similar breakout pattern, suggesting RENDER might follow suit with a potential rally.</p>
<h2 class="wp-block-heading" id="strong-technical-breakout-signals-bullish-momentum-strong"><strong>Technical Breakout Signals Bullish Momentum</strong></h2>
<p>RENDER has broken through a long-term downward trendline on the 3-day chart, marking a pivot in market sentiment.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Render&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$Render</a> Can Move Like <a href="https://twitter.com/search?q=%24Ray&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$Ray</a> In Coming Days Render Cleared Multiple Resistance Area Recently &amp; Seems Like Render Is Now Ready For Strong Rally Towards 20$ <a href="https://t.co/awgFzf2O5G" target="_blank" rel="noopener noreferrer nofollow">https://t.co/awgFzf2O5G</a> <a href="https://t.co/gIVZkFb4BA" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/gIVZkFb4BA</a></p>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1862375132330705144?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 29, 2024</a>
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<p>The token pushed past a major horizontal resistance zone between $6.50 and $8.50, transforming this area into new support. The price action demonstrates strong buying pressure after months of consolidation below the $8.50 mark.</p>
<p>A falling wedge pattern breakout earlier in 2023 set the stage for <a href="https://coinmarketcap.com/currencies/render/" target="_blank" rel="noopener noreferrer nofollow">RENDER’s current upward trajectory</a>. The token trades around $8.65, maintaining bullish momentum as it approaches double-digit territory.</p>
<h2 class="wp-block-heading" id="strong-ray-s-success-blueprint-sets-precedent-strong"><strong>RAY’s Success Blueprint Sets Precedent</strong></h2>
<p>World Of Charts shared insights about <a href="https://coinmarketcap.com/currencies/raydium/" target="_blank" rel="noopener noreferrer nofollow">RAY’s performance</a>, noting a 190% gain since its technical breakout. The analyst’s trading strategy focuses on projects with strong fundamentals combined with clear technical setups during trending markets.&nbsp;</p>
<p>RAY’s price action serves as a blueprint for RENDER’s potential trajectory.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-algorand-algo-price-up/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is Algorand (ALGO) Price Up?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-price-target-and-support-levels-strong"><strong>Price Target and Support Levels</strong></h2>
<p>Chart analysis places RENDER’s next major target at $20, representing a possible 242% move from the breakout zone.&nbsp;</p>
<p>The previous resistance band between $6.50 and $8.50 has flipped to become a support zone. Round numbers at $10 and $15 may act as psychological price levels before reaching the projected target.</p>
<p>The analyst’s technical examination reveals multiple confirmatory signals supporting the bullish outlook. These include the successful breach of the downtrend line, consolidation period completion, and validated breakout above key resistance levels.</p>
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<p>The post <a href="https://captainaltcoin.com/render-price-breaks-multiple-resistance-levels-expert-predicts-it-could-move-like-raydium-ray/" rel="noopener noreferrer nofollow">RENDER Price Breaks Multiple Resistance Levels; Expert Predicts It Could Move Like Raydium (RAY)</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

RENDER Price Breaks Multiple Resistance Levels; Expert Predicts It Could Move Like Raydium (RAY)

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