Based on our analysis, it appears that RNDR is poised for a significant move. The Harmonic pattern analysis suggests that RNDR's price is likely to retest the 0.756 level of inverse Fibonacci retracement, which falls within the range of approximately $0.93 to $1.0. This retest could serve as a springboard for a robust bounce-back.
🎯 **Price Targets**: According to the Harmonic chart, our initial target is set at the impressive $3.0 level, as clearly indicated in the chart. We believe this target could be achievable in the coming months, reflecting the potential for substantial growth in RNDR.
It's important to note that RNDR's potential for long-term growth doesn't solely depend on bullish market conditions
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.