Recent price fluctuations in cryptocurrencies JTO, RENDER, and SEI are attracting investor attention. This article examines current levels and potential scenarios for these assets.
JTO Analysis
JTO recently broke below its ascending channel but rebounded from $1.6 before facing resistance at $1.99 and pulling back. The recent price increase appears to be a normal retest of the resistance zone, which aligns with the Fibonacci 0.5 level and a high-volume trading area. As of now, JTO is trading at $1.75 with a potential test of the Fibonacci 0.618 level around $1.87.
RENDER Analysis
RENDER broke below a triangle pattern on August 19 but found support around $3.5, leading to a rebound. The price is expected to test the resistance zone upward. Investors can place short orders between the Fibonacci 0.618 and 0.5 levels, which correspond to a high-volume trading zone, with entry prices between $3.79 and $3.88.
SEI Analysis
SEI recently broke below a descending trendline but found support around $0.288, leading to a rebound. The price is likely to test the resistance zone, which aligns with a high-volume trading area between $0.321 and $0.333. Investors can place short orders within this range.
The analysis of current price movements in JTO, RENDER, and SEI reveals potential scenarios for investors. Pay attention to support and resistance levels and consider individual risk tolerance.
