Price is in a bearish corrective phase and currently reacting at the 0.618 Fib zone ($1.55–$1.25), A key area for potential bullish reversal. Holding this zone increases the probability of a strong upside continuation toward $4.6/$8/$13/$20.
If this support breaks, the next major demand lies at the 0.786 Fib level (~$0.84), considered the optimal accumulation zone before any trend shift.
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$RENDER Technical Update
Price is in a bearish corrective phase and currently reacting at the 0.618 Fib zone ($1.55–$1.25), A key area for potential bullish reversal.
Holding this zone increases the probability of a strong upside continuation toward $4.6/$8/$13/$20.
If this support breaks, the next major demand lies at the 0.786 Fib level (~$0.84), considered the optimal accumulation zone before any trend shift.
0.618 Support: $1.55–$1.25
0.786 Support: $0.84
NFA Always DYOR
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