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RENDER TOKEN / WRAPPED MATIC on Polygon (E8EE48...006E5F) in USDRENDER TOKEN / WRAPPED MATIC on Polygon (E8EE48...006E5F) in USDRENDER TOKEN / WRAPPED MATIC on Polygon (E8EE48...006E5F) in USD
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RENDER TOKEN / WRAPPED MATIC on Polygon (E8EE48...006E5F) in USD

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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:RNDRUSDShort
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:RNDRUSDLong
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:RNDRUSDShort
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:RNDRUSD
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