Render Price To Hit $10 This Week As Technical Sentiments Turn Greedy?
The post Render Price To Hit $10 This Week As Technical Sentiments Turn Greedy? appeared on BitcoinEthereumNews.com.
The Render (RENDER) price has successfully regained momentum by displaying a strong bullish outlook. Reportedly, this Artificial Intelligence (AI) token has soared over 21%, indicating an increase in the adoption process of this technology in real-world applications. Will the RNDR token now RENDER token maintain its bullish outlook and reclaim the $10 this week? Or will this altcoin experience a strong rejection? CoinPedia’s expert panel and curated a short-term Render price analysis just for you! RENDER Price Retests Its Important Resistance Trendline! The Render price has displayed a positive inflow for 6 consecutive days, highlighting an increase in the buying-over-selling pressure for it in the crypto space. Furthermore, the altcoin is on the path of testing its important resistance trendline of $8.950, the outcome of which is uncertain. TradingView: RENDER/USDT Furthermore, with a 24-hour trading volume of $754.50 million, this altcoin has a market capitalization of $4.481 billion. With this, the Render token has secured the 32nd position in the global cryptocurrency market list. Render Technical Sentiments The Relative Strength Index (RSI) records a sharp rise toward the overbought range in the daily time frame. This suggests an increase in the buying-over-selling pressure for the RNDR price in the market. The EMA 200-day has acted as a crucial support to the RENDER price action in the 1D chart. Moreover, with a bullish rise in the EMA 50-day trendline, this AI altcoin is projected to gain significant momentum in the near future. Will RNDR Price Hit $10 This Week? If the bulls maintain bullish dominance, the Render coin price will breach its resistance level of $8.950 and head toward $10.450. Furthermore, if the bulls outrun the bears, this could result in it testing its high of $11.925. However, if a trend reversal occurs, the Render token could plunge toward its important…
Filed under: News - @ January 7, 2025 10:25 am