Offer a price showing the pattern that sparked his last explosive step: Will he repeat the date?
The date may not be repeated exactly, but it may be repeated in ways indicating what can be then expected in the price movement. It seems that one of the previous patterns that sparked a large gathering of the show (the show) is formed again. This observation comes from a encrypted, a well -known encryption analyst that has published a new analysis on Twitter.
According to Cryptoed, Render is currently testing the same support area as a Launchpad platform to buy it to $ 14. This level was a strong demand area, and the price returned again. It seems that the size is also stable, and it is a sign that the pressure pressure may dry during the intervention of buyers.
The encryption indicates that Relative power index (RSI) It recovers from the sales lands. At the same time, random indicators turn to the top, indicating that momentum may move to bulls. This combination is similar to what happened before the last big step of the show.
$ Offer Weekly analysis$ Offer The main historical support area is tested again – the same level that has sparked its explosive transition to $ 14 previously.
It appears now strongly in this main demand area with stability indicators and momentum. … pic.twitter.com/p0E8Q8Zaw3
– Cryptoed (@Crypto_ED7) June 6, 2025
A quiet stage before submitting the penetration?
The current preparation began to appear to be a repetition of the upscale structure that led to the gathering of the previous show. Cryptoed describes it as “calm before collapse.”
If the price goes beyond this cash support, it believes that the next station may be large. There is increasing optimism that the price can decline again, especially if the wider market conditions are favorable.
This type of preparation is often drawn in both technical merchants and their long -term holders who see another equivalent movement.
Building momentum in the background of displaying price
Although Render has not yet taken a significant move to the top, the signs of accurate recovery are clear. RSI and other momentum indicate that sellers lose strength. The price procedure shows more confidence about this support area compared to previous declines.
Also read: COIN PI users continue to show loyalty despite the ongoing network conflicts
Traders will closely monitor this level. If Render can stay over it and start paying a stronger size, there is a real opportunity to reflect the direction that reflects the past operation to $ 14.
While there is nothing in the encryption guaranteed, the graphic style that is formed on the width is the attention of a good reason. The last time this support area has been tested, it led to one of the largest currency gatherings. If history does a rhyme, we may be about to another explosive step. Analysts like Cryptoed are closely monitoring, and now, as well as many investors.
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Read the recent encryption market updates, news and technical analysis here.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
