RENDER experienced a 20% correction over the last four trading days, and yesterday's price bottomed out at a low level before starting to rebound. From a technical perspective, the 1-hour chart shows a clear upward trend, with multiple moving averages aligned well, and the daily chart has shifted from a downtrend to an upward momentum. Many traders believe this could be a short-term reversal signal. However, such technical shifts still require confirmation from subsequent trading volume, and market sentiment stability is also crucial. Interested friends can follow the subsequent developments.
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NFTArchaeologist
· 01-15 13:58
Whether this rebound can hold depends on whether the trading volume is strong enough.
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ShibaSunglasses
· 01-15 13:55
A 20% correction scared me out directly. Now I see the rebound and want to buy the dip, but I'm still hesitant.
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MoonWaterDroplets
· 01-15 13:43
You're trying to trick me into bottom fishing again. Last time RENDER also said the same thing, and it continued to fall.
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ContractExplorer
· 01-15 13:40
A 20% correction is indeed intense, but the rebound isn't really meaningful; it depends on whether the trading volume is strong enough.
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MaticHoleFiller
· 01-15 13:38
Falling so hard and still claiming a reversal, I think it's uncertain. We need to see the trading volume to judge.
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SignatureCollector
· 01-15 13:38
20% sell-off... Whether it can rebound this time depends on the trading volume; just looking at the moving averages being pretty isn't enough.
RENDER experienced a 20% correction over the last four trading days, and yesterday's price bottomed out at a low level before starting to rebound. From a technical perspective, the 1-hour chart shows a clear upward trend, with multiple moving averages aligned well, and the daily chart has shifted from a downtrend to an upward momentum. Many traders believe this could be a short-term reversal signal. However, such technical shifts still require confirmation from subsequent trading volume, and market sentiment stability is also crucial. Interested friends can follow the subsequent developments.