Render (RNDR) Prepares for liftoff as TD Sequential Presents a Buy Signal, Targeting $20-$200

After weeks of consolidating its price, a cryptocurrency dubbed the ‘Nvidia of crypto,’ due to the characteristics it shares with blue-chip behemoth Nvidia (NASDAQ: NVDA), seems poised to skyrocket

A cryptocurrency that has been making waves in the crypto space, and is fondly referred to as the ‘Nvidia of crypto,’ due to the characteristics it shares with blue-chip behemoth Nvidia (NASDAQ: NVDA), might be preparing for a strong upsurge, at least according to one key technical analysis (TA) indicator.

As it stands, TD Sequential has presented a buy signal for Render (RNDR) on its three-day chart, suggesting the possibility of a rebound of one to four candlesticks, as observed by renowned crypto market analyst Ali Martinez in an X post on July 1.

To clarify, TD Sequential is an indicator that typically points out potential trend reversals and continuation chart patterns, and in the case of Render, it indicates that the token is gearing up for an upswing that could span “one to four candlesticks,” as noted by the crypto expert.

Hence, this might be an optimal opportunity for traders and investors to accumulate some of the popular ‘Nvidia of crypto’ before its price inevitably rises, perhaps to the $20 target set by pseudonymous crypto analyst Doc Crypto in late May or even to the $200 predicted earlier by crypto trader Mister Crypto.

Render price analysis:

At the time of writing, Render is trading at a price of $7.71, showing an increase of 5.81% in the last 24 hours, and is also up 11.04% over the past seven days as it recovers from a 22.45% loss on its monthly chart, as per the price data fetched on July 1.

In conclusion, TD Sequential, which has a reputation for being particularly precise in detecting upcoming trends, as in the case of the popular doge meme crypto asset Shiba Inu (SHIB), could be providing an early heads-up for an upcoming RNDR surge and allowing early birds to cash in on some gains.

However, trends in the crypto market can sometimes take an unexpected turn, so it's always advisable to conduct your own research, consider the risks involved and stay up-to-date on any Render news.

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