Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Nvidia boost propels render token to new bullish levels. Render Token (RENDER) has seen bullish momentum amid growth in the AI and blockchain sectors, fuelled by Nvidia’s rise as the most valuable publicly traded company. Nvidia, known for its cutting-edge AI GPUs, recently overtook Apple in market capitalization, sparking interest in AI-focused tokens like Render. This market shift reflects rising investor confidence in blockchain applications that integrate AI.
$RENDER signs of strength against BTC not seen since mid September – testing 4H 200 EMA – nothing fancy yet, but seems to be waking up again. If it can reclaim the area above it might pop. pic.twitter.com/uS7w3grlxL
— Hansum (@h4n5um) November 11, 2024
Render, which uses GPU power for decentralized rendering, is well-positioned to benefit from the increasing demand for computational resources in the AI industry. Nvidia’s dominance in AI tools and machine learning fuels optimism for Render’s decentralized network, which aims to meet these growing computational needs. Render’s market outlook appears strong, underpinned by its alignment with the rapid expansion of AI and blockchain technology. This trend indicates sustained growth potential as AI continues reshaping technology sectors.
Key Render Levels To Watch – November 11
The RENDERUSD pair shows a strong bullish trend, breaking past the resistance at 6.820 and moving towards the next level at 7.8720. The breakout above the Order Block (OB) and BOS (Break of Structure) confirms upward momentum.
MACD (Moving Average Convergence Divergence) is in positive territory, supporting the bullish move with increasing histogram bars. If the price sustains above 7.8720, the next resistance to watch is 9.3060.
RNDRUSD Key Levels
Resistance Levels: $7.8720, $9.3060, $11.6600
Support Levels: $4.4520, $3.4100, $2.0000
LINK Metrics
Total Market Capitalization: $2.80T
Render Market Capitalization: $3.13B
Render Volume: $1.04B
Market Rank: #32
Make money without lifting your fingers: Start using a world-class auto trading solution
[xyz-ihs snippet="Markets"]Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
