{"id":438110,"date":"2023-09-11T14:18:03","date_gmt":"2023-09-11T14:18:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=438110"},"modified":"2023-09-11T14:18:03","modified_gmt":"2023-09-11T14:18:03","slug":"render-rndr-price-prediction-can-rndr-render-a-12-price-jump-this-season","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/render-rndr-price-prediction-can-rndr-render-a-12-price-jump-this-season","title":{"rendered":"Render (RNDR) Price Prediction: Can RNDR Render a 12% Price Jump This Season?"},"content":{"rendered":"

The price of Render (RNDR) has steadily declined, resulting in significant losses among the bulls. <\/span><\/p>\n

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.<\/span><\/p>\n

https:\/\/twitter.com\/TraDergenerate\/status\/1699838200909557833?s=20<\/p>\n

As of 8:30 a.m. EST, RNDR is trading at $1.42<\/a>, marking a 4% decline over the past 24 hours. <\/span><\/p>\n

Nonetheless, there is a strong indication of a potential breakout from a bearish technical pattern. So, could RNDR see a 12% jump this season?<\/span><\/p>\n

\"Render<\/p>\n

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.<\/span><\/p>\n

A decisive breakthrough of this barrier would pave the way for the RNDR surge to challenge the 200-day moving average at $1.77. <\/span><\/p>\n

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.<\/span><\/p>\n

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.<\/span><\/p>\n

A definitive breach of the support provided by the midline of the technical formation at $1,329 would invalidate the bullish thesis.<\/span><\/p>\n

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. <\/span><\/p>\n

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.<\/span><\/p>\n

Wall Street Memes (WSM) Tier-1 Exchanges Listing Inches<\/span><\/h2>\n

Investors eagerly await <\/span>WSM to be listed on tier-1 exchanges<\/span><\/a>, expected to attract new investors and increase demand. <\/span><\/p>\n

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.<\/span><\/p>\n

Due to strong fundamentals and positive news, analysts predict the price will rise quickly after it officially launches on major exchanges.<\/span><\/p>\n

\n

When you're so rich you don't pay for anything pic.twitter.com\/RVWMuI3H8b<\/a><\/p>\n

— Wall Street Memes (@wallstmemes) September 10, 2023<\/a><\/p><\/blockquote>\n