Bullish momentum for Render (RNDR) as major exchanges support rebranding. The Render (RNDR) token is gaining bullish traction as Binance and Crypto.com announce support for its rebranding from RNDR to RENDER. Binance has initiated the transition with new trading pairs recently launched.
🚨Render (RNDR) Rebranding Completed, Trading For RENDER Is Now Live!
— SunCrypto Academy (@suncryp_academy) July 29, 2024
SunCrypto has successfully completed the rebranding of the Render (RNDR) token to the new Render (RNDR) token. Trading for RENDER is now live on #SunCrypto!
Read more: https://t.co/7gCss8p3H9#CryptoNews… pic.twitter.com/1gGueC95qa
Crypto.com will follow suit, delisting RNDR and converting tokens at a 1:1 ratio. These developments are coupled with rising address activity for Render, suggesting growing network engagement and potential price increases. With major exchanges backing the rebranding and increased wallet interactions, Render is positioned for a promising future.
Key RNDR Levels To Watch – June 29
RNDRUSD is currently showing bullish potential, as indicated by the recent bullish market structure break (BOS). After a significant downtrend, the price found support at $5.6800 and formed a swing low (SSL).
A change of character (CHoCH) has been observed, suggesting a possible trend reversal. The price is now trading above the 9-day simple moving average (SMA), which is acting as dynamic support. The next key resistance levels to watch are $7.0600 and $8.1219. The stochastic oscillator is in oversold territory, hinting at a possible upward momentum.
RNDR Key Levels
Resistance Levels: $8.1220, $11.5820, $12.0200
Support Levels: $6.3190, $5.6800, $3.3740
Render Metrics
Total Market Capitalization: $2.47T
RNDR Market Capitalization: $2.53B
RNDR Volume: $36.45M
Market Rank: #35
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