- RNDR holds above key support despite Coinbase delisting and weak market conditions.
- Expert predicts bullish breakout, citing a flag pattern with an $80 long-term target.
- A 15% rally possible if RNDR stays above $4.20 and volume returns.
Render’s RNDR, recently took a punch from Coinbase, but the token refuses to fall. Instead of crumbling under pressure, RNDR is standing tall above a critical support level. Traders expected a dive after the delisting, yet the price held steady. Is RNDR signaling a bullish comeback? Let’s dive deeper and decode whether a 15% surge could be on the horizon, or just another crypto mirage.
Delisting Drama and a Surprising Show of Strength
Coinbase’s delisting of RNDR hit hard. This move came as the market struggled to find solid ground. While the broader space remained shaky, RNDR battled near $4.20—an essential support level. Most would expect a sharp decline. Instead, RNDR clung to that level with surprising resilience. Render migrated to a newer version under the RENDER name. Coinbase explained that this shift caused the original RNDR to fall short of their listing standards.
The update changed how the token fits Coinbase’s rules, leading to the removal. Despite the noise, RNDR didn’t lose investor faith. A well-followed expert stepped up on X, claiming there’s nothing to fear. According to this trader, RNDR still flashes bullish signals. The highlight? A bullish flag on the weekly chart, with a jaw-dropping target of $80. Of course, that prediction sounds like a moonshot in the current climate. The short-term picture looks less glamorous.
Can RNDR Rally or Will It Crumble?
Zoom out slightly, and RNDR’s behavior looks strategic. The token has bounced from the $4.20 area several times since late April. Each bounce brought a modest push upward, proving that this support level acts like a trampoline, not a trapdoor. According to TradingView data, RNDR still trades below the 200-day EMA. That places it technically in a downtrend. However, holding above $4.20 could flip the script.
This level stands as the token’s last stronghold. If RNDR maintains momentum here, it could rally 15%, eyeing the $5.20 mark soon. That climb depends on two things—buyer conviction and market mood. If confidence returns and volume picks up, RNDR might ignite. If not, it risks slipping. A daily close below $4.10 would confirm weakness. In that case, the price could spiral down to $3.05, a potential 25% loss.
Investors now face a psychological test. Technical indicators paint both hope and caution. RNDR’s setup carries potential, but uncertainty looms like a shadow. The expert’s $80 call might feel like wishful thinking now. Still, RNDR isn’t out of the game. The support holds. Traders watch closely. The next few days could write a comeback tale or a cautionary one.
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