- \n
- Render Token price now – $4.71<\/li>\n
- Render Token market cap – $1.77 billion<\/li>\n
- Render Token circulating supply – 376 million<\/li>\n
- Render Token total supply – 531 million<\/li>\n
- Render Token Coinmarketcap ranking – #36<\/li>\n<\/ul>\n
RNDR\/USD Market<\/h2>\n
Key Levels:<\/p>\n
Resistance levels: $6.0, $6.5, $7.0<\/p>\n
Support levels: $3.0, $2.5, $2.0<\/p>\n
![\"Render](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/RNDRUSD_09012024.png\")
RNDRUSD – Daily Chart<\/figcaption><\/figure>\n At the time of writing, RNDR\/USD is showing a positive movement as the market opens today. The market is running a little retracement move toward the resistance level of $5.0 with a price growth of 10.02%. Aside from today’s gain, the Render Token<\/a> price will begin to follow the bullish movement within the channel, and traders can expect the coin to spike above the upper boundary of the channel as soon as the bulls put more pressure on the market.<\/p>\n
Render Token Price Prediction: Render Token (RNDR) Heads to the Upside<\/h2>\n
If the Render Token price begins to follow the upward movement, traders can expect a bullish continuation from the opening price of $4.28. As the 9-day moving average prepares to cross above the 21-day moving average; the potential resistance levels could be located at $6.0, $6.5, and $7.0 in the long term.<\/p>\n
However, if the bulls increase the buying pressure, the market price may either break toward the channel or move sideways. Meanwhile, looking at the price formation, a little bearish breakdown may likely play out for this market, which could roll the coin back to the long-term supports at $3.0, $2.5, and $2.0.<\/p>\n
RNDR\/BTC Begins the Upward Movement<\/h2>\n
Against Bitcoin, the Render Token<\/a> price is beginning to follow a bullish sentiment as the coin hovers above the 9-day and 21-day moving averages. On the contrary, if the bears attempt to gain momentum, they are likely to release the selling pressure on the market, but the 9-day moving average stays above the 21-day moving average, suggesting bullish signals.<\/p>\n
![\"Render](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/01\/RNDRBTC_09012024.png\")
RNDRBTC – Daily Chart<\/figcaption><\/figure>\n However, if the coin falls and slides toward the lower boundary of the channel, it could hit the nearest support at 1000 SAT. Any further negative movement could lower the price to 800 SAT and below. Looking at the upside, the coin may create additional gains and possibly cross above the upper boundary of the channel. If the bulls manage to stay well above this barrier, the Render Token price may locate the resistance at 1300 SAT and above.<\/p>\n
Meanwhile, a renowned crypto analyst @CryptoKindie, analyzing the coin to his followers on X (formerly known as Twitter), predicts $RNDR to excel in this year bull run based on positive indicators, which includes a double bottom formation signaling a potential market low, a decisive break of the downtrend indicating market strength, and bullish momentum confirmed by the Daily Moving Averages crossover.<\/p>\n
\n
$RNDR<\/a> Daily<\/p>\n
Gaining momentum on the Daily 🫡$render<\/a> starting to pick up steam now, follow the signs:
➡️Double bottom marked the bottom
➡️Break of downtrend signalled strength
➡️Flipping the Daily 50MA confirmed a bullish flip in momentum<\/p>\nLet's get this #rndr<\/a> fam, a test of… pic.twitter.com\/WgcQmaYEd6<\/a><\/p>\n
— Crypto Kindie (@CryptoKindie) January 30, 2024<\/a><\/p><\/blockquote>\n