2024 showed a northward recovery in the RENDER
Can RENDER Show Further Price Growth?
Recently, with a rebranding update from RNDR to RENDER, it focuses more on decentralizing GPU cloud rendering. It primarily functions by linking those required for rendering services with the owners of high-performance GPUs. That makes the process simpler on the cloud by easy access to services, swift compared to other solutions, and more cost-effective.
The 2024 showed a northward recovery in the RENDER price by the first quarter but displayed a decline due to a giant sell-off from the YTD all-time high (ATH) of $13.62. Now, the price has made an attempt to advance after reforming the previous demand zone of $4.7.
The RENDER price traded near $6.13 at press time, with a market cap of $2.402 Billion. By market capitalization, it ranked 35th globally per its market cap.
A glance at its overall price structure highlights that the price activity happened inside the wedge. The price of RENDER pierced 20-day and 50-day EMA after grabbing liquidity after August 5th.
Now, it struggles to move past 200-day EMA; it could be the next target once it breaches the upper border at $8.
Recently, with a rebranding update from RNDR to RENDER, it focuses more on decentralizing GPU cloud rendering. It primarily functions by linking those required for rendering services with the owners of high-performance GPUs. That makes the process simpler on the cloud by easy access to services, swift compared to other solutions, and more cost-effective.
The 2024 showed a northward recovery in the RENDER price by the first quarter but displayed a decline due to a giant sell-off from the YTD all-time high (ATH) of $13.62. Now, the price has made an attempt to advance after reforming the previous demand zone of $4.7.
The RENDER price traded near $6.13 at press time, with a market cap of $2.402 Billion. By market capitalization, it ranked 35th globally per its market cap.
A glance at its overall price structure highlights that the price activity happened inside the wedge. The price of RENDER pierced 20-day and 50-day EMA after grabbing liquidity after August 5th.
Now, it struggles to move past 200-day EMA; it could be the next target once it breaches the upper border at $8.
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