The supply price can be ready for some height based on technical analysis by Cihan Türkmen on X. Analysts schedule shows a possible interruption that can send the distinctive symbol. At the time of writing this report, Render is trading a little $ 4.00, and market monitors are closely looking at the resistance level of $ 4.50 as the next main turning point.
according to Türkmen Road MapThe level of $ 4.50 works as a gateway. If the offer price can close this level on the daily chart, the next goal is $ 6.40. From there, the chart hints to a brief correction – a healthy stop before it continues towards the sign of $ 10.
This region is $ 10.00 is not just a round number; It is an important technical level, if broken in a strong size, it can open the doors to a large gathering.
From $ 10.00, things can really take off. Türkmen determines a scenario where the show price rises to $ 38.00, which represents a 262 % profit of penetration. But this optimistic goal is not only related to plans patterns – it also requires a significant flow to expand the capital and withdraw the market to achieve it. It also notes, “This scenario depends greatly on new capital flows and the expansion of the market.”
What happens if the offer is rejected?
Not every scenario indicates. If the price fails to collapse over $ 4.50 and rejects, it is possible that you will fell to a $ 2.50 region. Interestingly, this will not necessarily be a long -term declining result. It can complete the reconsideration of the 2.50 dollar lower style – The formation of the upscale reflection This often indicates strong recovery. In this case, this step may be at the bottom may irritate the theater to gather more explosion after that.
Also read: KASPA price is set on Soar? Large promotions can lead to an upcoming outbreak
Looking at the joint graph with NokTali_kanca, we can see these levels clearly defined. The level of 10.338 dollars is drawn as a major outbiting point, followed by a huge targeted area at $ 38. The price has shown a historical sensitivity around these areas, and the chart structure supports the possibility of an equivalent step if the circumstances are aligned.
Currently, all eyes have $ 4.50. Whether the offer can be applied or rejected here, it is likely that the next large chapter is on the price trip.
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Get all our future calls by joining A free telegram group.
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.
