$RENDER Monthly
Keep an eye on
#RENDER over the next few months 👀
When a quality project gets obliterated, long term holders capitulate, and revisits historic macro support, that’s when you start paying attention - Buy the blood.
A bullish broadening wedge is forming on the Weekly after nearly two years of bleed. Price currently is tapping wedge support.
The $2.5 zone was key Monthly support - now lost after last month’s black swan. It’ll take time for
#alts to recalibrate, not just RENDER. Hard to even tell who’s solvent after that kind of flush.
But once this distribution phase is complete… the next markup could be violent. Unless $2.5 is reclaimed short-term, keep an eye on the Golden Pocket @ $1.5 🫡