Render Token (RENDERBTC) Enters Bullish Zone

Dec 5

This is another one of the best performing pairs in the whole market. We are looking at Render Token through its Bitcoin pairing: RENDERBTC.

This week is the fifth green week and RENDER is moving above EMA55. EMA89 was already conquered as resistance last week and this puts Render Token in the bullish zone.

A major correction happened this year lasting 8 months, from March through November 2024. The correction stopped below 0.618 and above 0.786 Fib. retracement levels. Classic support range. The fact that RENDERBTC is now trading back above 0.618 Fib. retracement for the entire 2022-2024 bullish phase, confirms this pair being in the bullish zone.

The highest buy volume this week since January 2023 is also a very strong positive signal and strengthens the signals already mentioned.

We are entering a new and strong major bullish-phase. After 8 months of correction, we can expect years of growth to follow next. Some easy targets are shown on the chart...

I am wishing you great-profits, good-health, huge-wealth and high-success.

Thank you for reading.

Namaste.