Render Coin has recently enjoyed tremendous growth, nearly doubling in during the past month. Our technical readings suggest that RNDR is set for greater gains.

RNDRUSD - 4 Hour Time Frame

In the 4-hour time frame, the price is positioned within the Order Block area, suggesting a possibility for the price to continue its ascent with minimal correction.

However, should the price fail to capitalize on this opportunity, a correction could ensue, potentially aiming for the two nearest liquidity levels (Sell-side Liquidity).

These levels are situated beneath higher lows, with the lower level also aligning with the Buy-side Imbalance and Sell-side Inefficiency zone, as indicated by the blue rectangle on the chart.

Should such a correction take place, the future trajectory of the price will be crucial. Absence of indications for a reversal to a bullish trend would render buy positions invalid.