Technical analysis by GoodTarget about Symbol RENDER: Buy recommendation (3/24/2025)

RNDR/USD 4H Chart Analysis – Strong Bullish Breakout Ahead? Render Token (RNDR) has just broken a key trendline resistance, signaling a potential strong uptrend. Here’s why traders should pay close attention to this breakout. 🔥 Key Insights: ✅ Breakout Confirmation: The price has pushed above a long-term descending trendline, indicating bullish momentum. ✅ Retest & Continuation? A successful hold above the $3.90 - $4.00 zone could confirm the breakout and lead to higher price targets. ✅ Key Targets (Take Profits): 🎯 TP1: $4.47 – First resistance level. 🎯 TP2: $4.83 – Major resistance zone. 🎯 TP3: $5.21 – Strong psychological level. ✅ Moving Average Support: Price is now trading above the MA (3.56), acting as dynamic support. 📈 Trading Outlook: If RNDR holds above $3.90, buyers could push the price towards the $4.50 - $5.20 range in the coming sessions. A rejection here may lead to a retest around $3.50-$3.60 before another push higher. 🚨 Bullish or Bearish? This is a strong bullish setup, but confirmation above $4.00 with volume is key for sustained momentum. Keep an eye on Bitcoin and market sentiment!