The Render (RENDER) price has successfully regained momentum by displaying a strong bullish outlook. Reportedly, this Artificial Intelligence (AI) token has soared over 21%, indicating an increase in the adoption process of this technology in real-world applications.
Will the RNDR token now RENDER token maintain its bullish outlook and reclaim the $10 this week? Or will this altcoin experience a strong rejection? CoinPedia’s expert panel and curated a short-term Render price analysis just for you!
RENDER Price Retests Its Important Resistance Trendline!
The Render price has displayed a positive inflow for 6 consecutive days, highlighting an increase in the buying-over-selling pressure for it in the crypto space. Furthermore, the altcoin is on the path of testing its important resistance trendline of $8.950, the outcome of which is uncertain.
Furthermore, with a 24-hour trading volume of $754.50 million, this altcoin has a market capitalization of $4.481 billion. With this, the Render token has secured the 32nd position in the global cryptocurrency market list.
Render Technical Sentiments
The Relative Strength Index (RSI) records a sharp rise toward the overbought range in the daily time frame. This suggests an increase in the buying-over-selling pressure for the RNDR price in the market.
The EMA 200-day has acted as a crucial support to the RENDER price action in the 1D chart. Moreover, with a bullish rise in the EMA 50-day trendline, this AI altcoin is projected to gain significant momentum in the near future.
Will RNDR Price Hit $10 This Week?
If the bulls maintain bullish dominance, the Render coin price will breach its resistance level of $8.950 and head toward $10.450. Furthermore, if the bulls outrun the bears, this could result in it testing its high of $11.925.
However, if a trend reversal occurs, the Render token could plunge toward its important support level of $7.225 during the upcoming time.
Planning on stacking RENDER crypto tokens before the Altseason? Read CoinPedia’s Render Price Prediction for possible long-term price projections!
FAQs
The RNDR token can achieve the $100 mark with a surge of 1,048.76% in its current valuation.
With increased adoption and bullish price sentiment, the Render price could achieve a high of $18.53 in 2025.
At the time of writing, the value of one Render token was $8.705.
