Render (RNDR) is currently holding support at the 100EMA ($6.77), and a rebound from the current position will likely push the price back to the primary resistance at $9.219.
RNDR has yet to hit the long-term supporting trendline, and once it does, a strong rebound can be expected.
Important Points:
- Current Support: $6.77 - Lower Support: $5.2 - Resistance: $9.219 - RSI: Below 50 and close to the oversold zone
I hope this update was helpful. Do not consider this financial advice.
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