Render Token Price Prediction for Today, May 5 – RNDR Technical Analysis

The Render Token price prediction suggests that RNDR might move towards the upper limit of its channel, extending its upward trajectory.

Is Render (RNDR) Price on the Rise? Up by 9% and Climbing?

The current price of Render Token stands at $8.96, marking an impressive 8.76% surge over the last 24 hours. Recent price movements have propelled Render Token’s market capitalization to a staggering $3.7 billion. With a year-to-date change of 106.12%, Render Token continues to showcase remarkable growth potential.

Render Token Prediction Statistics Data:

• Render Token price now – $8.96
• Render Token market cap – $3.7 billion
• Render Token circulating supply – 386.9 million
• Render Token total supply – 532 million
• Render Token Coinmarketcap ranking – #28

RNDR/USD Market

Key Levels:

Resistance levels: $13.0, $15.0, $17.0

Support levels: $5.0, $3.0, $1.0

At the moment, RNDR/USD is trading around $8.96, with the coin reaching a daily peak at $9.11 and boasting a market cap of $3.7 billion. The day’s trading commenced with a gentle uptick, with the coin surpassing both the 9-day and 21-day moving averages. Traders are now eyeing this upward momentum as a potential precursor to an imminent price rally in the market.

Render Token Price Prediction: RNDR May Head to the Upside

Analyzing the daily chart, the next target for the Render Token price is to breach the potential resistance at $11.0. Upon achieving this milestone, bullish momentum could propel the coin towards the immediate resistance at $10.0, followed by notable resistance levels at $13.0, $15.0, and $17.0.

Furthermore, with the 9-day moving average poised to cross above the 21-day moving average, RNDR/USD may sustain its upward trajectory, potentially maintaining bullish momentum above the upper channel boundary. However, in the event of a sudden downturn, support levels may be found at $5.0, $3.0, and $1.0 if the price dips below the channel’s lower boundary.

RNDR/BTC Soars to the Upside

Against Bitcoin, the Render Token is hovering above the 9-day and 21-day moving averages. At the moment, bulls may continue to push the coin to the positive side if the buyers increase the pressure. However, to confirm this, the 9-day moving average may need to make a bullish cross above the 21-day moving average.

Nevertheless, if the bulls push and keep the price toward the upper boundary of the channel, RNDR/BTC could rise to the resistance level of 1800 SAT and above. On the contrary, any bearish movement below the lower boundary of the channel could bring the price toward the support level of 1000 SAT and below.

@JavonTM1 shared with his 37.7k followers on X (formerly Twitter) that $RNDR (Render) is persistently holding onto a Hidden Bullish Divergence, suggesting a potential recovery of over 52.1% to reach $13.50, which could happen sooner rather than later. With the current target set at approximately $15.35, surpassing the $13.50 mark seems plausible, paving the way for further gains toward this target!

$RNDR (Render) continues to maintain a Hidden Bullish Divergence and a more than 52.1% recovery from here to $13.50 can be a matter of time.

With the current target being at ≈$15.35, we can see those $13.50 levels exceeded and a continuation above to reach this target! https://t.co/NgXoSpk25D pic.twitter.com/OQrwAOS3z7

— JAVON⚡️MARKS (@JavonTM1) May 4, 2024

Render Token Alternatives

The Render Token is poised for potential growth as it approaches the upper boundary of its trading channel, with resistance expected at $12.0. Currently ranked 28th on CoinMarketCap with a market cap of $3.7 billion, it holds promise in the crypto market. Additionally, Dogeverse, the first multichain meme coin, has raised over $13 million in its presale, presenting an exciting investment opportunity with its innovative features.

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