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Render (RNDR) is gaining significant attention as demand for its decentralized GPU rendering services continues to rise. With Coinbase adding new trading options for RNDR, it has attracted the interest of large investors, boosting the project’s visibility and market activity. Render’s network has seen increased usage in industries like entertainment and AI, where its decentralized infrastructure is well-suited for high-demand computing tasks. This surge in activity and investor interest suggests that Render is positioned for strong growth, potentially leading to significant price rallies in the near future.
(Source: https://t.co/V8rAM6blQf )
— FloFlo (@Kneteknilch) September 30, 2024
_
At the top 🟦 the months
(left $RENDER amount, right $-amount to THAT time when a burn occur of the $RENDER amount)
Under that the charts for the weeks🟪,
at the bottom per day 🟩.
The moving average chart isnt implemented yet, just excel. pic.twitter.com/vJtlro6xWL
As a leader in decentralized computing infrastructure, Render’s role in providing scalable GPU services is driving optimism about its future performance. With growing adoption and increased network activity, analysts are bullish on RNDR’s long-term potential. As the crypto market cycle evolves, Render is expected to continue performing well, benefitting from its expanding use cases and solid position in decentralized computing. This bullish outlook reflects the market’s confidence in Render’s ability to capture and grow within a critical niche in the tech ecosystem.
Key Render Levels To Watch – September 29
The RENDERUSD pair broke above its descending trendline, indicating bullish momentum. It has surpassed the diagonal resistance, with the next key target at $7.8720.
The MACD (Moving Average Convergence Divergence) shows a bullish divergence, supporting upward continuation. A potential retest at the bullish order block may occur before further gains.
RNDRUSD Key Levels
Resistance Levels: $7.8720, $9.3060, $11.6600
Support Levels: $4.4520, $3.4100, $2.0000
LINK Metrics
Total Market Capitalization: $2.26T
RNDR Market Capitalization: $3.43B
Render Volume: $303.79M
Market Rank: #29
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