Catch the Wave: RNDR/USDT Analysis & Potential $50 Target
Catch the Wave: RNDR/USDT Analysis & Potential $50 Target
Elliott Wave Count Insight CRYPTOCAP:RNDR is currently showing signs of forming an Elliott Wave pattern, suggesting a potential correction in the near future. Our analysis indicates that there might be further correction ahead.
Previous Analysis Recap In our last analysis when #RNDR was around $10, we accurately predicted a 4th wave correction, which has since been fulfilled.
Current Scenario and Entry Opportunities There's a strong support level anticipated at $5-$6, representing the 0.382 Fibonacci retracement. This suggests a potential bounce for the 4th wave from this support zone, presenting favorable entry opportunities.
Price Target Projection Should our wave count analysis hold, we anticipate RNDR's price to potentially reach $50 in this bullish cycle.
Alternative Scenario In case RNDR fails to maintain the 0.382 Fibonacci level, we recommend considering entry points around $2.5-$3.5.
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