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Render (ERC-20)

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RNDRUSD trade ideas

Can Render Price Surpass $100 Mark? Examining the weekly chart reveals that Render's price is currently far from the $100 target, making it unlikely to reach that level soon, despite online claims. However, switching from this macro (1W) chart to the daily chart shows bullish developments, thanks to various factors like the Fed's rate cut. At the time of writing, Render crypto displayed a falling wedge formation after peaking in Q1 2024, followed by a significant drop to the support zone. With substantial improvements in Q3, the outlook appears more optimistic. If Render manages to achieve a change of character (ChoCh) above $7.0, it could reignite long-term bullish confidence, potentially driving the price towards targets of $8.0 and $10.0. Conversely, failing to attain ChoCh could result in continued consolidation below the 200-day EMA band.
COINBASE:RNDRUSDLong
by Sam_TCR
2024 showed a northward recovery in the RENDERCan 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.
COINBASE:RNDRUSDLong
by Sam_TCR
1
Render on the Rise: Whale Accumulation Signals Potential Growth Render on the Rise: Whale Accumulation Signals Potential Growth Meta Description: Render crypto noted a strong upside momentum after noting a breakout of a three week consolidation The Supply held by the top addresses has surged by a significant 5% In August indicating Accumulation. The daily chart highlights a breakout in Render after three weeks of consolidation near the demand zone. Render benefited greatly from the broader market recovery and witnessed a strong breakout in intraday today. The crypto noted a breakout after a long three week consolidation near the demand zone. The strength in the breakout clarifies the buyers intention to rise in tandem with the broader market recovery. The market leaders Bitcoin and Ethereum also noted a strong breakout rising nearly 4% today. Moreover, the analysts have noted an accumulation going on in Render for the last three weeks by the top addresses which validates the possibility of a bullish continuation in the crypto. Whales Aggressively Accumulating The Lows Render crypto noted a strong upside momentum after noting a breakout of a three week consolidation. At the time of writing, Render was exchanging hands close to $5.64, rising a significant 11.8% in intraday. Moreover, the analysts noted an interesting development in the recent sessions. While the Render price was maintained in a consolidation for the last three weeks. The supply held by the top addresses have surged significantly. The top addresses also known as whales have added over nearly 5% of the total supply to their portfolio. The top addresses were holding nearly 66.6% of the total supply in the beginning of August which now has jumped to 71.2% at the moment. The whales are the investors with large amounts of investments and more resources to analyze the markets than the small investors. Hence they tend to be in the right direction. A strong surge in the accumulation by the top addresses indicates a positive scenario in the upcoming session. Render Price Technical Analysis From a technical standpoint, Render has surpassed the 20 as well as 50 day Exponential moving average suggesting a strong outlook in the short term. However, the price still lags 18% below the 200 day EMA indicating a bearish trend prevailing in the long term. However, the recent breakout with a 12% jump in intraday suggests a bullish continuation which may possibly result in a long term bullish trend. Along with the breakout, the transaction volume has surged by 5.2% to $71.10 Million indicating a heightened demand. At the time of writing, the RSI line was placed at 58.2 points and that of the 14 day SMA line was placed close to 41.8 points indicating a positive outlook in the short term Moreover, a bullish crossover of both the lines was observed indicating a trend continuation on the higher side. Render price surged 11.8% intraday to $5.64 after breaking out from a three-week consolidation. The analysts noted that top addresses, or whales, increased their holdings from 66.6% to 71.2% of the total supply. From a technical perspective, Render surpassed the 20 and 50-day EMAs, indicating short-term strength, but maintained 18% below the 200-day EMA, suggesting a long-term bearish trend. The recent breakout and 5.2% increase in transaction volume to $71.10 million indicate heightened demand. The RSI at 58.2 and a bullish crossover with the 14-day SMA suggest a positive short-term outlook.
COINBASE:RNDRUSDLong
by Ritika_TCR
showed recovery in the RNDR price byRender Network (RNDR) is a blockchain platform forged to work for the cause of decentralizing GPU cloud rendering. Many might have question, that GPU needs heavy equipments and how RNDR do it. so for the curious, Creators often submit their rendering jobs to get fulfilled and the quickest to grab node operators utilizes their available capacity of GPU to work on these tasks, that lets them earn RNDR tokens as payment. Moreover, by linking those those required for the services of rendering with the owners of high-performance GPUs. This makes the process simpler more cost-effective and swift compared to other solutions. The 2024 showed recovery in the RNDR price by the first quarter, but showed decline as a result of giant sell off from YTD ATH. From half completed third quarter followed by the second quarter decline. Now, the price has made an attempt to rise after reforming at previous demand zone. Where at press time, the price traded near $4.53, with market cap of $1.776 Billion. By the market capitalisation it ranked 43rd, and positioned among the top 50 crypto projects, per CoinMarketCap.
GEMINI:RNDRUSDLong
by Sam_TCR
1
Render (RNDR)Render (RNDR) Render (RNDR) is a distributed GPU rendering network built on the Ethereum blockchain, designed to connect artists and studios needing GPU compute power with mining partners willing to rent out their GPU capabilities. Render price resumed its journey to the downwards after a short consolidation near the $6 level. with a weekly loss of 24.7%, Render emerged as one of the weekly losers. At the time of writing, RNDR was exchanging hands close to $5.16 rising 4.7% a day. It has a live market capitalization of $2.02 Billion and ranks 40th in the cryptoverse. The trading volume has dropped by 23.1% to $59.07 Million a day. From a technical standpoint, Render price hovers below all the key EMAs suggesting a strong bearish trend prevailing. Additionally the MACD line had also withdrawn below the zero line indicating a bearish continuation.
CRYPTO:RENDERUSDShort
by Ritika_TCR
Is Increased User Participation Key to Render Price Recovery? Is Increased User Participation Key to Render Price Recovery? 24 hour as well as 7 day active addresses count is rising indicating increased user engagement. At the time of writing, Render Price was hovering close to $6.8 level indicating a mild intraday loss of 2.1%. Many altcoins are gaining traction amidst the influx of billions into Bitcoin ETFs. The broader markets have also recovered after a significant selloff in the 1st week of July. However, Render has failed to attract the investors as of now. Render has been facing a turbulent market, with its price action reflecting a mix of bullish sentiment and bearish pressure. The price has slumped below the key moving averages and trying to regain strength. However, few on chain metrics highlight an increased user engagement which may create a demand and the price may advance. Render (RNDR) is a decentralized GPU rendering network built on the Ethereum blockchain. It connects artists and studios requiring GPU compute power with mining partners who rent out their GPU capabilities. aims to provide a cost-effective and accessible rendering service for creative professionals, enhancing their ability to produce high-quality visual content. User Engagement on The Rise Render price seemed to be struggling near the lows for the last two weeks. However, the recent sessions have brought price closer to the 20 day exponential moving average. Though the price has shown some growth in the recent sessions still the bulls lack confidence. Furthermore, there has been advancement in few on-chain metrics which highlights the early signs of a price recovery. The active addresses have nearly doubled in a week indicating an impressive growth in the number of users. The 24 hour active addresses have surged from nearly 2670 to 4960 a week while 7 day active addresses have surged from 11.87K to 23.48K. An increased active addresses generally leaves a positive impact on the RNDR price. Render Price Still Struggling To Gain Traction Render is currently facing significant challenges in the market. It had hit an all-time high of $14 but has been under steady selling pressure since April. This downward trend has continued despite the recovery in the broader market signaling a bearish outlook. Analysts believe a strong potential in the long term in the AI sector. However, Render needs to overcome hurdles in the short term. The current price seems to be weaker and may face a risk of more downward pressure due to the absence of buyers near the demand. Despite all this, Render price has the potential for a bullish reversal above the $7.5 level. whereas until the price is maintained below $7.5 level, another selling pressure could drag the price near $5 level. What’s Next For Render? Render price has struggled near recent lows but has moved closer to the 20-day EMA. Despite some growth, investors' confidence remains low. On-chain metrics show early recovery signs, with active addresses doubling in a week. Moreover, 24-hour active addresses rose from 2,670 to 4,960, and 7-day active addresses from 11.87K to 23.48K, indicating user growth. Render faced market challenges, having dropped from an all-time high of $14 amid steady selling pressure. Though, Analysts see long-term AI sector potential, short-term hurdles persist. A bullish reversal is possible above $7.5, while staying below this level could lead to further declines near $5.
CRYPTO:RENDERUSDLong
by Ritika_TCR
1
Could The biggest Underperformer Render (RNDR), Be An Ace Pick? RNDR, the leading facilitator of decentralized rendering solutions, has been pinned number 1 on the underperformer's list due to the higher market sentiment defiance. With the bearish sentiment, it produced a weekly loss of nearly 7.4% and topped the list. The picture shows the flip possibility, apart from the breakdown of the symmetrical triangle, looking at its chart, as the breakdown could end near the $5 exclusive support. The $5 could act as significant support, as it could probably act as a support turned from resistance. So it looks like it can ace from the list and turn from underperformer to outperformer, but it has a cache that totally depends on the buyer's will and interest. At press, it trades near $5.827 and looks like it's getting pushed downwards from the dynamic EMA bands of 50-day and 200-day EMA. Meanwhile, the MACD supports further bearishness, and RSI is inching towards a further oversold vicinity. Overall, the graphs present a view of continuous bearishness for a while and an opportunity that could pop out from $5 support (DYOR).
COINBASE:RNDRUSDShort
by Sam_TCR
Can Render Price Rise From The Support Or Continue To Plunge? Can Render Price Rise From The Support Or Continue To Plunge? Render Price fell sharply after the breakdown below the Psychological level of $10. The RNDR token price currently seems to be stabilizing near the 200 day Exponential moving average. The Render crypto seemed to be stabilizing near the 200 day Exponential moving average in the recent sessions. The bears seem to be dominating the short term trend as the price slumped nearly 25% in the last two weeks. The RNDR price crashed sharply after a breakdown below the $10 level and made its way towards the 200 day EMA. Moreover, the $7 level may act as a strong demand zone from which the price may bounce back. Moreover, the social metrics seem to be cooling down indicating a waning interest of the investors and community members. Social Metrics Shows Waning Interest of The Investors. As per the data obtained from a financial website app.santiment.net the social metrics like social volume and social dominance seem to be cooling down. The Social sentiment curve has been on a continuous decline since the third week of may and has dropped to a three month low indicating the losing interest among the community members and investors. Furthermore, the volume analysis reveals a drop in the demand. The volume inflow was $78.95 Million having dropped by 37.% a day. The volume to market cap ratio at 2.73% suggests a low volatility. Render crypto ranks 29th with a live market capitalization of $2.86 Billion. Out of a total 532.073 Million RNDR tokens, over 388.65 million tokens are presently in circulation. Can Bulls Defend The $7 Level? At the time of writing, the Render price was trading close to $7.6 reporting a swift intraday gain of 0.20%. On the lower side, the $7 level may act as a strong support and the price may bounce back. However, if the bulls fail to defend the $7 level, the strong selling pressure may cause a breakdown of the support thus dragging the price close to $5.5 levels. From a technical point of view, the breakdown below the 50 day EMA has turned the short term trend bearish. Currently, the price is looking to gain support from the 200 day EMA to keep the long term trend positive. Conclusion. Render (RNDR) crypto is experiencing a bearish short-term trend, with a 25% price drop in two weeks after the price fell below $10 mark. Currently, the price seemed to be stabilizing near the 200-day EMA, with $7 as a potential rebound zone. Moreover, the trading volume has decreased by 37%, and the low volume-to-market cap ratio suggests minimal volatility. RNDR is 29th in market cap at $2.86 billion, with 388.65 million tokens in circulation. Currently trading at $7.6, if $7 support fails, the price may loom towards the $5.5 level. The 50-day EMA breach suggests short-term bearishness, while the 200-day EMA could maintain the long-term uptrend.
COINBASE:RNDRUSD
by Ritika_TCR
Render (RNDR)Render (RNDR) RNDR is a utility token based on the ERC-20 standard. It serves as a medium of exchange within its network. Artists use RNDR tokens to acquire GPU computing power from node operators who provide this service. The network employs a hybrid system that combines manual and automated proof of work termed 'proof of render' to ensure that artwork is fully rendered before the artist's payment is released and the final artwork is delivered. Moreover, This system capitalizes on the Ethereum blockchain's robust security features; it hashes proprietary assets at the time of upload and distributes them in segments to the nodes for the rendering process. This method ensures the integrity and security of the assets throughout the rendering cycle. As per the coinmarketcap.com, the most recent price of Render is 40.35% lower than its all-time high which was recorded three months ago. Still, the render crypto boasts 76% gain in the last two quarters and 332% rise in the last 12 months. At the time of writing, the RNDR token was hovering close to $7.8 with a live market capitalization of 3.03 Billion USD. It has 388.64 Million tokens in circulation out of a total 532.07 Million RNDR tokens
COINBASE:RNDRUSD
by Ritika_TCR
1
RNDR price breakout from upper boundaryAt press time, the RNDR price has traded at $10.36, with a market capitalization of $4.02 Billion. The RNDR 24-hour trading volume on all major tradeable platforms amounted to $167.89 Million. Analyst Captain Faibik highlighted optimism on X, noting that Render Token (RNDR) has been on the verge of another breakout on the 1-day chart. Faibik further highlights that the successful breakout could send Render Token price to a new All-time high soon. He also hinted that traders and investors to keep their radar active on the crypto. Over his drawing on the daily chart, he predicts at RNDR optimistically and expects a 2x bullish breakout from symmetrical triangle pattern in the coming sessions. The analysis from the tweet suggests that Render Token happens to be trying hard to sustain near the upper boundary of the pattern, in order to breach it for the uptick in price. Meanwhile, it loooks like RNDR staying above 50-day and 200-day exponential moving averages (EMAs), if price spikes then the bullish breakout could turn out to be an epic one leading towards $20 Mark or 2x gains. Likewise, the MACD depicted consolidation, and its above zero line, and the RSI has been above a median line at 53.19. Therefore, if the RNDR price breakout from upper boundary, then Render Token price could aim for higher levels, potentially reaching $14.0 and, if surpassed, could extend gains for a new ATH or up to $20.00, as well. Conversely, if the RNDR price fails to break, and trades back into the pattern, then a bullish pattern would lose its significance and make it an invalid scenario. Additionally, if the Render Token price cannot hold above the $9.50 mark, it may face a further plunge towards the demand zone at lower levels.
COINBASE:RNDRUSDLong
by Sam_TCR
1
Render Looks Strong Despite Being A Top LoserRender Looks Strong Despite Being A Top Loser Render (RNDR) finds itself among the week's notable crypto decliners, having fallen by 10.1%, now priced at $10.10. With a market cap of $3.92 billion, it occupies the 27th spot in the overall crypto market ranking. Despite its position as the fourth largest loser this week, Render's market behavior suggests an impending upturn. The cryptocurrency has emerged from a downward channel pattern, signaling a potential conclusion to its recent downward trend. Currently, it appears to be in a retracement phase, potentially gearing up for an upward trajectory. The immediate challenge for investors is the $11.3 resistance level. Overcoming this could pave the way for a 25% increase in value, potentially reaching yearly peaks and possibly extending gains further.
CRYPTO:RENDERUSDShort
by Ritika_TCR
the Render price may face hurdles in the near termThe overall trend is strongly bullish and witnessed an enormous positive change in a year. It seems that the RNDR price has failed to sustain the $11 hurdle and melted down to the 20-day exponential moving average. In a situation, if the RNDR price manages to sustain over the previous candlestick then it may continue the bullish trend. On the other hand, if the RNDR asset price plunges below the 20-day EMA, then sellers may have an eye for the major support level of the $7 price mark. Likewise, if the RNDR price begins trading below the major support level, most of the investors may prefer to book profit which may end up in massive selling pressure. At the time of writing, the RNDR price traded at $10.18 with an intraday loss of 10%. The market capitalization is $3.96 Billion, and the 24-hour trading volume is $484.13 Million. The circulating supply is 388,643,224 RNDR, and the total supply is 532,070,164 RNDR. Therefore, as per the chart structure, the Render price may face hurdles in the near term from the $11.25 and $13.50 marks on the daily chart. On the contrary, if the RNDR asset price deteriorates, then it may take support on the $9.25 and $7 levels.
COINBASE:RNDRUSDLong
by Sam_TCR
LD Token Rollout Sparks A Breakout in Render Crypto, What's NextThe Render ecosystem has issued a whitelist for the Long Dragon LD token exclusive to its network participants. Render crypto is rising bullish waves as Network growth and OI data have turned bullish. The price of Render (RNDR) is exhibiting a positive trend, achieving successive peaks, and not only surpassing similar AI-driven cryptocurrencies but also outshining many other alternative coins in the wider crypto market. Render crypto has successfully emerged from a notable pattern established a month prior and has exited a period of price correction. The surge in Open Interest data and network growth positions it as a likely candidate for one of the best-performing digital currencies in the upcoming weeks. A closer examination of its potential for price appreciation is warranted. Render Price Sparkles Amid Launch of LD Launchpad! The Render token's value has surged by 35% across the last four trading sessions, sparking enthusiasm among investors due to buzz surrounding a new launchpad within its ecosystem. Promoted with the pledge to "Shape Destiny in service of The Render network," the ecosystem is preparing to introduce the Long Dragon launchpad, aimed at streamlining engagement in nascent Web 3.0 projects. The Long Dragon launchpad will conduct thorough evaluations of projects, even investing in their funding rounds. A statement from the whitelist highlights the platform's ease of use, appealing to investors from both Web 2.0 and Web 3.0 backgrounds. Riding the bullish wave with #Bitcoin back on the rise, the CRYPTOCAP:RNDR ecosystem is on fire! Get ready for SEED_ALEXDRAYM_SHORTINTEREST2:LD , the first token from @rendernetwork's realm, launching in just a month. Say goodbye to liquidity woes on CRYPTOCAP:SOL ! Psst! Guess what? I've secured whitelist spots for my… t.co pic.twitter.com/ST42M0aKe1— talentino (@talent1n0) May 4, 2024 Furthermore, The Long Dragon within the Render ecosystem will also facilitate staking with its native or primary token, LD. Holders of the LD token, thus stakers, will gain access to the same market as major investors, reaping comparable benefits and advantages associated with substantial investments. These benefits include enhanced yield prospects, superior pre-sale deals, top-tier airdrops etc. In addition to staking, the LD token will serve multiple purposes, such as enabling farming, governance, investment options, and unlocking all features of the Long Dragon ecosystem. The token also serves to motivate and compensate community members for their active involvement in the ecosystem. Will RNDR breakout Sustain or Fade Away? The daily trading chart indicates that the cryptocurrency has broken out from a downward-sloping parallel channel pattern. It has exceeded the previous resistance level at $9.27, signaling the end of its recent downtrend. Notably, the network's expansion and the increase in Open Interest (OI) have confirmed the breakout, suggesting a potential for further upward movement in the cryptocurrency's value. According to the latest price forecast, the cryptocurrency has reached a new high of $10, climbing nearly 35% in recent trading periods. Analysts believe there is still potential for growth up to the upper boundary of the previously established channel pattern. Optimistically, the cryptocurrency could ascend to a peak of $13.29. Conversely, a decline below the $8.7 mark and the 50-day Exponential Moving Average (EMA) could negate the breakout, potentially leading to a decrease in price toward lower levels. Conclusion. Render (RNDR) is on an upward trajectory, outperforming its peers with a 35% increase in value over four sessions, fueled by excitement over its new Long Dragon launchpad. Moreover, It promises to enhance Web 3.0 project participation. On a daily chart, the crypto has already observed a breakout from a bearish channel pattern, surpassing the $9.27 resistance. Also, The network growth and rising Open Interest affirmed this trend. On a bullish scenario, RNDR could potentially climb to $13.29. However, falling below $8.7 and the 50-day EMA could reverse gains, pushing prices down. Technical levels: Support levels: $7.04 and $5.17 Resistance levels: $11.27 and $13.29
CRYPTO:RENDERUSDLong
by Ritika_TCR
Render Crypto Slumps Nearly 8%: Can RNDR Crash Below $7 Level?Render crypto has widened losses after the bulls failed to take advantage of the previous gains. The daily chart illustrates a consolidation above the recent support level of $7 and below the 50-day EMA Render crypto price has extended the losses after the bulls failed to hold the price above the 50-day exponential moving average. the crypto has been trading lower in five out of six intraday sessions showing weakness in the trend. The major cryptocurrencies Bitcoin and Ethereum are facing corrections which has brought back the bearish days in other altcoins. let's dig deeper and try to find out the possible surge or decline in the render token price. Let's examine whether the crypto would continue to plunge or recover the losses. Render Crypto Loses 13% This Week: Can It Crash More? Render crypto has been trading lower for most of the session this week losing over 13%. The bears have maintained their dominance for five out of six intraday sessions, indicating the seller's control of the crypto. On the daily chart, a selloff can be seen after the bulls failed to hold above the 50-day EMA. The price still has room to fall till it reaches the $7 level, which is considered a psychological level and a previous support zone. The weighted sentiment curve has fallen below the zero line, indicating a bearish sentiment prevailing. The sentiment curve reveals the overall bias of traders and investors about the Render token. Technical Indicators Suggest A Bearish Continuation! The technical indicators indicate a bearish outlook in the short term after the RNDR price has fallen below the 50-day exponential moving average. However, the price still hovers above the 200-day EMA, suggesting a positive outlook and further possibilities of recovery in the crypto. Furthermore, the Moving Average Convergence Divergence (MACD) lines are showing a bearish crossover, suggesting further price decline. Also, the histogram bars seem to be disappearing from the upper side of the zero line, which further confirms a bearish continuation ahead. Conclusion. The Render crypto price has been trading lower for most of the week, losing over 13%. The bears have maintained their dominance for five out of six intraday sessions, indicating the seller's control of the crypto. The RNDR price has fallen below the 50-day exponential moving average, indicating a bearish outlook in the short term. However, the price still hovers above the 200-day EMA, suggesting a positive outlook and further possibilities of recovery. The Moving Average Convergence Divergence (MACD) lines are showing a bearish crossover, suggesting further price decline. Technical levels: Support levels: $7.04 and $5.17 Resistance levels: $9.42 and $11.27 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
CRYPTO:RENDERUSDShort
by Ritika_TCR
Render Crypto Traced 50 EMA: Will It Rally or Suffer More LossesThe Render crypto made a breakdown below the 20 day EMA suggesting a weakness in the short term trend. The RNDR crypto was trading close to 9.23 USD reporting a negative intraday loss of 1.8%. The Render crypto trades with slightly bearish bias on Tuesday and hovers near the 50 day exponential moving average. The breakdown below the 20 day EMA on the daily chart confirms the presence of bears in the short term. Recently, the RNDR price jumped after testing the 50 day EMA. However, it could not sustain for more on the higher side and fell back near the 50 day EMA. The breakout or breakdown below the 50 day EMA may indicate the next clear trend. On the lower side, the price may fall more till the previous breakout zone if it fails to get the buyers support near the 50 day EMA. However, if the price bottoms out near the 50 day EMA, it may validate the presence of buyers at the lower levels. The price may resume on the higher side if it surpasses 20 day EMA. Render Crypto Volume Analysis The volume analysis of RNDR crypto demonstrates that the volume received in the last 24 hours was 146.374 Million USD which is 21.93% less than the previous day’s volume received. Looking at the price vs volume chart, it can be observed that the volume curve has been bearish in the last few weeks. It has also led to a negative impact and the RNDR price has also corrected. The live market capitalization of Render is 3.56 Billion USD with a drop of 6.48% in the last 24 hours. The volume to market capitalization ratio is 4.14% suggesting low volatility in the market. Social Sentiment Insights. The social volume and social dominance are the measures of the social media users' awareness about the crypto and their acceptance. An increasing value of social volume and social dominance generally depicts increasing popularity and growth of the crypto. The above social volume chart of RNDR shows that the curve was flat and constant till January 2024 and witnessed an uptick in February. The social volume jumped from an average of 40 per day to 70 per day. However, in the last two weeks the social volume has dropped a bit. Technical Outlook of RNDR Crypto From a technical point of view, the Render cryptocurrency price has made a breakdown below the 20 day EMA suggesting weakness in the trend. Currently the price rests near the 50 and 200 day exponential moving average suggesting a positive trend prevailing in the trend. At the time of writing, the Relative strength index (RSI) line had withdrawn below the mean line suggesting a weakness in the short term trend. The RSI was at 9.92 points and that of the SMA line was at 47.48 points. Render Crypto Forecast April 2024 The analysts have a wide range of price targets for April 2024. The most optimistic view of analysts assumes the Render price could advance to a high of $13.30 suggesting a potential gain of over 29.84%. The lower price target which the crypto could attain as per the analysts is $8.09 if breaks below the 50 day EMA. Conclusion. Render (RNDR) crypto shows a bearish trend, trading near the 50-day EMA after a breakdown below the 20-day EMA. A breakout above the 50 day EMA or further drop below the 50-day EMA could signal the next trend. The long term trends outlook is still positive above the key EMA of 200 days. The Volume analysis indicates a 21.93% decrease over 24 hours, with a bearish volume trend impacting RNDR's price. The Market capitalization of RNDR crypto has dropped by 6.48% to $3.56 billion, and a low volume-to-market cap ratio suggests minimal volatility. Technical levels: Support levels: $8.09 and $5.17 Resistance levels: $10.27 and $13.30 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
CRYPTO:RENDERUSD
by Ritika_TCR
1
Market Sentiment Grows Optimistic as RNDR Prepares for a ReboundBased on our analysis, it appears that RNDR is poised for a significant move. The Harmonic pattern analysis suggests that RNDR's price is likely to retest the 0.756 level of inverse Fibonacci retracement, which falls within the range of approximately $0.93 to $1.0. This retest could serve as a springboard for a robust bounce-back. 🎯 **Price Targets**: According to the Harmonic chart, our initial target is set at the impressive $3.0 level, as clearly indicated in the chart. We believe this target could be achievable in the coming months, reflecting the potential for substantial growth in RNDR. It's important to note that RNDR's potential for long-term growth doesn't solely depend on bullish market conditions
COINBASE:RNDRUSDLong
by lee_dynamo