• The price of RNDR has been on a consistent upward trend, showing strength in reaching new highs.
• In the recent week, RNDR saw a significant 42% increase in price reflected by a green candle.
• In the beginning of 2024, RNDR's price saw a resurgence following a period of sideways movement.
• RNDR experienced a substantial surge, rising about 285% to hit a new all-time high of $13.840 on March 17th.
• After reaching the all-time high, RNDR's price corrected by 54.80%.
• Currently, RNDR's price is above the symmetric triangle pattern on the Daily timeframe, signaling bullish sentiment.
• The bullish momentum indicates a potential test of the resistance level at $12.000, with the goal of setting a new all-time high.
• On the other hand, according to analysis from Coingabbar, if a bearish trend emerges, RNDR's price may face support levels at $8.500 and $7.000 sequentially.

KEY LEVELS:

RESISTANCE LEVEL: $12.0000-$15.0000

SUPPORT LEVEL: $7.0000-$5.0000

Please note that the information provided by Coingabbar is for educational purposes only and not financial advice. Users should conduct their research, use their judgment, and be aware of risks involved in financial investments. Coingabbar holds no responsibility for any financial losses, considering the volatile nature of cryptocurrency and NFT markets. It is advisable for users to seek advice from financial experts and evaluate their risk tolerance before investing.