Render (RENDER) has seen a price recovery after a sharp decline earlier this week. Despite hitting a 19-month low, on-chain data and technical indicators suggest that RENDER could be undervalued and may rise above $7 if buying pressure intensifies.

Price Correction and Recovery:
- RENDER dropped to $3.44 on March 4, a 70% decline from its all-time high.
- The price has since recovered above $4 with an 8% increase in 24 hours.

On-Chain Data Indicators:
- The MVRV Long/Short Difference flipped to negative, signaling a bearish phase.
- Historically, recoveries began when this metric hovered between -0.19 and -0.21, suggesting RENDER might need further decline before a full rebound.

Undervalued Token:
- The MVRV ratio is close to breaking above the zero line, indicating RENDER is potentially undervalued and could see price growth.

Price Analysis:
- The Chaikin Money Flow (CMF) is above the zero line, showing increased accumulation.
- If buying pressure continues, RENDER could target $6.54 or higher, with a possible rise to $7.

RENDER's price recovery indicates potential for future growth. With undervalued signals and rising accumulation, RENDER may soon rise above $7, but a breakout above $5.11 is crucial for a lasting rally.
https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/

Render Network's price soared 30% to kickstart 2025, leaving many to wonder if it can continue its upward trajectory. Can RENDER push past new all-time highs this year?

- Transformative 2024: Render Network had a landmark year, tripling usage and expanding its network. It powered Las Vegas’ Sphere shows and was recognized as a DePin leader.

- 2025 Surge: Entering 2025 strong, RENDER’s price jumped 30% after bouncing off key support levels, setting the stage for potential new highs.

- AI Tokens Surge: AI tokens, which had a lackluster performance in 2024, have been outperforming this year. RENDER leads with a 30% price increase.

- Technical Indicators: RENDER's bounce validated the $6.80 support region. Indicators like RSI and MACD are bullish, suggesting continued upward momentum.

- Price Prediction: The wave count indicates a move toward a new all-time high, with potential to reach $14.32, or even $19.25-$20.25 if the trend extends.

- Resistance & Support: RENDER faces key resistance near $11.50, with a breakout above this level suggesting further price growth. A fall below $6.50 would invalidate the bullish trend.

Render Network’s strong start to 2025, combined with technical momentum, positions it for potentially reaching new all-time highs. Keep an eye on key resistance levels to gauge its future.
https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/

what just happen BTC hits 100k RNDR pops 35%!

RNDR token surged 90%, reaching $8.09, but faces resistance.

A rising wedge formation suggests a potential pullback to $6.88 before a bullish rally.

Could RNDR reach $13.27 by year-end?

RENDER is at a critical juncture, showing signs of potential reversal within its ascending channel. A price rejection at $7 could signal a deeper downtrend ahead.

- Historical Performance: RENDER hit a low of $3.50 on January 26, then rallied to nearly $14 by March 17.

- Corrective Phase: After reaching its all-time high, RENDER faced a downward correction, dropping to $6.50 on April 13 and later bouncing to $11.50 on May 13.

- Current Status: On August 5, RENDER reached a lower low of $3.40 but closed at $4. The formation of a descending triangle indicates a corrective structure, raising hopes for a bullish phase if broken.

- Recent Movements: On September 29, RENDER rose to $6.70 but then fell sharply to $5. It is currently testing support in the ascending channel.

- Current Trading Status: As of this article, RENDER is trading at $5.37, with a 0.56% increase over the last 24 hours, according to Coinpedia markets data.

- Key Levels to Watch: A breakout above the ascending resistance could signal the start of a bullish trend. Without this, further declines are possible due to the lack of a clear five-wave pattern.

Monitoring RENDER's price movements is essential, as they may dictate its future trajectory. Current patterns reveal potential for both upward momentum and further declines based on key resistance levels.
https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/