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RNDR/USDT bullish horizons from demand? ๐๐RNDR analysis
๐ Paradisers, letโs focus on #RNDRUSDT. Itโs currently positioned within a demand zone and approaching key resistance at $8.284. If the price manages to break above this level, we can anticipate a strong bullish move.
๐ In our previous observations, CRYPTOCAP:RNDR has consistently followed a descending trendline, respecting it twice. With the current assessment near the key resistance of $8.284, thereโs a high probability that the price will break through this level, especially considering itโs also trading within the demand zone, further strengthening the bullish scenario.
๐ However, a word of caution: if the price of #RNDR fails to maintain its momentum within the demand zone and dips below, we anticipate a bullish rebound from the lower Bullish Order Block level at $5.962. Thanks to ample liquidity, breaking below this level could cause a significant downward move1.
๐ Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
MyCryptoParadise
iFeel the success๐ด
๐ In our previous observations, CRYPTOCAP:RNDR has consistently followed a descending trendline, respecting it twice. With the current assessment near the key resistance of $8.284, thereโs a high probability that the price will break through this level, especially considering itโs also trading within the demand zone, further strengthening the bullish scenario.
๐ However, a word of caution: if the price of #RNDR fails to maintain its momentum within the demand zone and dips below, we anticipate a bullish rebound from the lower Bullish Order Block level at $5.962. Thanks to ample liquidity, breaking below this level could cause a significant downward move1.
๐ Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
MyCryptoParadise
iFeel the success๐ด
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