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As he brings focus to Render Coin, the key threshold to watch is the $11.88 level on the long-term chart. This price point acts as a critical barrier that Render Coin must ascend above to initiate a potential third wave rally, unlocking higher price levels. There is a cautious note about the possibility of a downward correction forming a wider wave two, should this level fail to breach.
The Current Market Sentiment
Ben elaborates on the bullish sentiment surrounding Render Coin based on its current chart structure. The chart reflects a nested 1-2-1-2 pattern, which often signals strong upward movements. This arrangement suggests that a breakout above the $11.88 mark could lead Render Coin into a price region between $20 to $30 or even higher in the long term.