RENDER’s price has surged 16%, pushing past the $3 mark after a lengthy downtrend. On-chain data shows strong support at $2.70, but can the bulls maintain this momentum? Let’s dive into the technical factors driving this sudden shift.

- RENDER’s price rebounded sharply by 16%, reaching above $3 after a prolonged decline.

- On-chain analysis shows strong support at $2.70, where 408 addresses hold over 4 million tokens.

- The falling wedge pattern on the daily chart signals a potential bullish reversal if breakout occurs.

- In/Out of Money Around Price (IOMAP) data suggests minimal selling pressure around the $3.02 to $3.47 range.

- The Money Flow Index (MFI) at 18.21 shows RENDER is deeply oversold, indicating a possible price reversal.

- A breakout above the upper trendline of the falling wedge could drive RENDER towards the $4.53 level or higher.

- If buying volume remains strong, RENDER could surge to $6, but failure to break the wedge could send it back to $2.54.

With RENDER’s price surging above $3 and strong support at $2.70, the future looks promising. If the bullish breakout confirms, RENDER could be set for even higher gains, potentially reaching $6. Keep an eye on the breakout confirmation!
https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/

Render (RNDR) has witnessed a remarkable 29% surge in just seven days, capturing the attention of both retail and institutional investors. At $8.73, RNDR is emerging as a standout performer in the AI and Big Data sector.

Whale Activity and Surge in Large Transactions

- Transactions over $100,000 surged 400% in just two days, indicating increased whale activity.
- Whales control around 76% of Render’s supply, meaning their movements have a significant impact on price action.
- Large buys from whales often contribute to momentum, potentially pushing prices higher.

Bullish Momentum Confirmed by Buying Pressure

- The Chaikin Money Flow (CMF) recently flipped positive, showing increased buying activity.
- Render flipped resistance at the 50-day Simple Moving Average (SMA), signaling a bullish reversal.
- If the trend holds, RNDR could target $13.77 at the 2.618 Fibonacci extension level.

Rising MVRV Ratio Indicates Bull Market

- Render's MVRV ratio has surged, signaling profitability for holders and fueling market momentum.
- With the ratio still below its monthly high, RNDR shows room for further growth.
- This indicates that Render may still be in the early stages of a bull market cycle.

Open Interest Surge Indicates Strong Sentiment

- Render’s Open Interest (OI) has reached $161 million, its highest in nearly a month.
- The increase in OI, coupled with rising prices, suggests strong bullish sentiment among traders.
- Higher OI often signals that traders expect continued price movement and volatility.

Render’s impressive price movement, bolstered by whale activity and rising technical indicators, suggests the cryptocurrency is entering a new bull cycle. With further growth potential, RNDR may continue its upward trajectory if key levels are maintained.
https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/

RENDER has surged over 10% in the last 24 hours, maintaining its position as the top AI coin by market cap. However, mixed signals suggest its rally could face challenges ahead.

- Price Surge: RENDER’s price rose by over 10%, solidifying its top spot among AI coins by market capitalization, ahead of competitors like FET and TAO.

- Whale Activity Decline: Whale activity has dropped to its lowest since December 2022, signaling reduced confidence in the price surge, potentially hindering long-term momentum.

- BBTrend Indicator: The BBTrend has turned negative, indicating weakening momentum and increasing downside pressure on RENDER’s price.

- Mixed EMA Outlook: The Exponential Moving Average (EMA) lines present conflicting signals. While a bullish crossover could trigger a rise to $10.8, bearish trends suggest potential declines to $8.2 or lower.

- Vulnerability to Sell-offs: With fewer whales accumulating, RENDER could face increased selling pressure, limiting its short-term gains and potentially leading to corrections.

Despite a strong 10% gain, RENDER faces mixed signals with declining whale activity and negative indicators. Without strong support, the price could struggle to maintain its rally, facing possible declines ahead.
https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/

RENDER's recent price surge has propelled it to a $5 billion market cap, solidifying its role in the AI coin market. However, shifting trends may pose challenges to its momentum.

- Market Cap Achievement: RENDER reaches a $5 billion market cap, solidifying its status among top AI coins.

- EMA Indicators: RENDER shows strong uptrend signals with its price above key averages, but market sentiment is shifting.

- Potential Resistance or Correction: If momentum recovers, RENDER could test $11.9, but a deeper negative trend could push it to $7.1.

- Social Dominance: RENDER ranks third in social dominance, trailing FET and VIRTUAL, but maintains a strong market presence.

- Recent Performance: RENDER has seen a 128% price increase over the last 30 days, second only to VIRTUAL’s 367%.

- BBTrend Shift: The BBTrend indicator has turned negative, suggesting potential selling pressure and reduced buying interest.

Despite RENDER's impressive market position, the negative BBTrend and shifting focus in the AI sector could lead to a potential correction. Watch for further market developments to assess its next moves.
https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/

Render (RNDR) crypto token skyrocketed by 9.75% in just one day, sparking investor excitement. Analysts predict a potential 70% surge, with key technical indicators suggesting a bright future for RNDR.

Render’s Recent Growth:

- RNDR surged by 9.75% within 24 hours, attracting attention from investors.
- This price movement is part of a broader bullish trend in the cryptocurrency market, with blockchain applications gaining momentum.

Key Resistance Breakthrough:
- Render broke through a significant resistance level at $7.843, establishing a new bullish precedent.
- Analysts have set a price target of $15.34, forecasting a potential 70.2% increase from its current value.

Market Outlook and Technical Analysis:
- RNDR’s price recently moved above a consolidation zone, indicating strong bullish momentum.
- Money Flow Index (MFI) at 99.14 signals overbought conditions, suggesting a possible short-term pullback.
- Immediate support at $8.20, with resistance levels at $9.00 and $10.00.
- Longer-term targets include $11.38 and $12.88, backed by bullish continuation patterns and increasing volume.

Render's recent breakout and strong bullish momentum point to a promising future. Despite potential short-term fluctuations, analysts foresee significant price growth, possibly reaching $15.34.
https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/