Render’s price has surged by 8.5% within the past day and currently stands at $10.8. The digital currency is on the verge of validating a double bottom formation, commonly referred to as the W model. This pattern in technical analysis is defined by two successive peaks at nearly identical levels. If the price dips below the support level of the neckline, it may signal a potential shift from a bullish trend to a bearish one.
