The Render Token (RNDR) price broke out from a descending resistance trendline on September 9.
Today, it finally moved above the $1.85 horizontal resistance area, reaching the highest price since July.
RNDR Reaches Long-Term Resistance
The weekly timeframe technical analysis for RNDR shows that the price trades just below the $1.90 horizontal resistance area.
Initially, the price seemed to break out from the area in April. But, it failed to sustain the increase and fell below it in July.
The RNDR price broke out from a descending resistance trendline in September and has increased since. It briefly moved above the $1.90 area this week but has yet to reach a weekly close above it.
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Author: Valdrin Tahiri
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