Render (RNDR) and Cardano (ADA) Rallies Could Be Interrupted If Price Fails to Reclaim These Key Levels

In a newsletter from Rekt Capital, the analysis focuses on Render (RNDR) and Cardano (ADA), two cryptocurrencies currently navigating significant price ranges.

Cryptocurrency markets have experienced a strong rally in recent weeks, with many digital assets posting double-digit gains. However, two cryptocurrencies that have lagged behind the broader market are Render (RNDR) and Cardano (ADA). Both assets are currently facing crucial price levels that could determine their next directional move.

In a recent newsletter from crypto analysis firm Rekt Capital, the analysis team examined the price charts of RNDR and ADA, highlighting key support and resistance levels that could influence their upcoming price trajectories.

Render (RNDR) Price Analysis

A crucial factor in this analysis is the red price range, which served as support in the past, enabling RNDR to maintain its position above the $7.31 resistance. Notably, when this lower range acted as support previously, it helped propel Render towards higher highs.

Now, as the asset rallies within this macro range, bounded by $4.28 and $7.31, Render (RNDR) has bounced off the lower end of this range and is approaching the upper resistance.

倘若出现强劲的上涨势头，尤其是每周收于此关键阻力位上方，则预示着 RNDR 将朝着上行方向爆发。

If the asset manages to rally strongly, especially managing to close the week above this resistance, we can expect to see Render poised for a breakout to the upside.

倘若多头力量薄弱，尤其是未能维持价格在 7.31 美元上方，则预示着 RNDR 将朝着下行方向爆发，回落至较低的宏观价格区间。

On the other hand, if the bullish momentum fails to carry the price above $7.31, especially on the weekly chart, it could signal a breakout to the downside for RNDR, leading it back into the lower macro price range.

倘若成功突破 7.31 美元上方，则预示着 RNDR 将瞄准较高的宏观价格区间，上行潜力巨大，尤其是考虑到此类突破在过去都曾为 Render 带来强劲的上涨势头。

If it manages to break out above $7.31, it will move into the higher macro price range, setting the stage for a potentially massive rally considering how such breakouts have led to significant bullish follow-through for Render historically.

倘若成功在上方区间进行二次测试，尤其是考虑到价格在先前上涨趋势中曾出现过类似的二次测试，那么将预示着 RNDR 将瞄准 7.31 美元上方的宏观阻力位，上行潜力巨大。

Finally, if it manages to retest the zone above and considering how the asset price encountered a similar retest during the prior bull market rally, it could see ADA aiming for the macro resistance at $0.72, setting the stage for a potentially strong move upwards.

The above is the detailed content of Render (RNDR) and Cardano (ADA) Rallies Could Be Interrupted If Price Fails to Reclaim These Key Levels. For more information, please follow other related articles on the PHP Chinese website!