RNDR is moving inside the descending channel and bounced from the support zone (Blue) at $2.866 – $3.272. Currently, the price finds support at the $4.245 level and resistance at the middle line of the descending channel.
If the price breaks above the descending channel and the resistance zone (Green) at $5.747 – $6.038 with high volume.
If the price fails to hold the support level at $4.245 and the support zone (Blue) then we will see more decline in the price to the next levels. Everything is on the chart
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