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Can RENDER bounce back in October?
This GPU power token has been battered recently. Technically speaking, the RSI fluctuates between 40-60, indicating a relative balance between buyers and sellers, but the Awesome Oscillator has dropped to -0.169, signaling slight short-term pressure.
At the current price of $3.40, resistance is blocked at $3.59. If it breaks, the next target would be $3.80. Below, support is at $3.37; in case of a break, we could test $3.00.
Institutional predictions are quite optimistic – Coincodex forecasts a surge up to $4.39 in October (+30%). The next five days could see the price touch $4.16. In monthly terms, the expected range is $3.38-$4.80, with an average of $4.35, representing a 15% increase from the previous month.
However, it is not the time to buy in the frenzy. The AI buzz is here, but let's wait for a technical confirmation before following the trend.