FxWirePro- Render network (chart of the day)

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RNDRUSD prices surged more than 35% in the past 5 days. It hit a high of $6.18 and currently trading around $6.08. The pair is holding well above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).

The near-term resistance is around $6.60, any indicative breach above will take the pair to $7.25/$8. On the lower side, immediate support is $5.80, and any violation below target is $5.37/$5/$4.30.

Indicators ( 4- hour chart)

CCI(50)- Bullish

Directional movement index - Bullish

It is good to buy on dips around $5.40 with SL around $4.30 for TP of $7.25

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