Render (RNDR) Price Prediction: Can RNDR Render a 12% Price Jump This Season?

Updated: 11 September 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The price of Render (RNDR) has steadily declined, resulting in significant losses among the bulls.

However, in the last four days, this altcoin has shown a shift in momentum by holding steady around the $1.36 support level, hinting at a possible upward trend shortly.

https://twitter.com/TraDergenerate/status/1699838200909557833?s=20

As of 8:30 a.m. EST, RNDR is trading at $1.42, marking a 4% decline over the past 24 hours.

Nonetheless, there is a strong indication of a potential breakout from a bearish technical pattern. So, could RNDR see a 12% jump this season?

RNDR has broken out of the falling wedge pattern. Confirmation will come when the token breaks above the 50-day simple Moving Average (EMA) at $1.55.

A decisive breakthrough of this barrier would pave the way for the RNDR surge to challenge the 200-day moving average at $1.77.

In an exceptionally bullish scenario, the altcoin could extend its reach to attain the psychological target of $2.25. Such a move would represent a 45% increase from its current levels.

Momentum appears to be diminishing, as the Relative Strength Index (RSI) trending south indicates. This could result in the Render price returning to the descending parallel channel to continue the downtrend.

A definitive breach of the support provided by the midline of the technical formation at $1,329 would invalidate the bullish thesis.

However, the Render price could decline further, dipping below the lower boundary of the chart pattern, with the potential to revisit the range low at $0.951.

As RNDR escapes a bearish chart pattern, it’s worth considering WSM, the meme coin set to launch shortly after surpassing the $25 million mark in presale sales.

Wall Street Memes (WSM) Tier-1 Exchanges Listing Inches

Investors eagerly await WSM to be listed on tier-1 exchanges, expected to attract new investors and increase demand.

With only 15 days left to get listed on top-tier exchanges, investors still have an opportunity to buy Wall Street Memes (WSM) at its current price of $0.0337.

Due to strong fundamentals and positive news, analysts predict the price will rise quickly after it officially launches on major exchanges.

When you're so rich you don't pay for anything pic.twitter.com/RVWMuI3H8b

— Wall Street Memes (@wallstmemes) September 10, 2023

The WSM project has successfully raised over $25 million in its presale, showing strong support from the crypto community. Once the presale ends, approximately 1.4 to 1.5 billion tokens will be in circulation.

WSM Staking Strategy, 10k Airdrop

Investors can also stake Wall Street Memes tokens to get involved. Currently, 288 million tokens are staked, offering an attractive annual percentage yield (APY) of 69%. This staking option generates much interest and is a positive sign for the project’s future.

The project allocates its resources strategically, with 50% for marketing, 30% for community rewards, and 20% for liquidity and media streaming initiatives on centralized and decentralized exchanges.

How are they still flexing pic.twitter.com/QVDvM7dsfb

— Wall Street Memes (@wallstmemes) September 7, 2023

Wall Street Memes has invested significantly in marketing efforts, with influential YouTubers promoting it. This has created a lot of excitement and anticipation.

The project has ambitious goals, including reaching a $1 billion market capitalization before listing on a tier-1 exchange. Their roadmap outlines how they plan to achieve these goals, making it an attractive option for investors.

To make things even more exciting, Wall Street Memes hosts an airdrop where participants can win $10,000. All you need to do is follow Wall Street Memes on social media and visit their website. The more entries you accumulate, the higher your chances of winning.

The project is designed to encourage long-term engagement and reduce the risk of sudden price crashes during the launch phase.

Participating in the presale is easy. Moreover, You can buy WSM tokens using Ethereum, USDT, a credit card, or BNB. Ensure you have a popular crypto wallet like Metamask to link to the WSM token website to acquire WSM tokens.