Render (RENDER) Shows Bullish Momentum Amid Whale Activity and Partnerships

Render (RENDER) is displaying strong bullish signs, driven by increased whale activity and a rise in active addresses. Whale transactions surged over 3,000%, indicating significant interest from major investors. Alongside this, a 9% increase in active addresses signals greater market participation, often seen before a price rally.

$RENDER has completed a bullish flag and is now testing a major resistance 👀

I expect a rally to begin soon🚀

1st target – $11.4
Mid-term target – $23.2 pic.twitter.com/bvL56kdkGh

— Dami-Defi (@DamiDefi) October 2, 2024

Technically, RENDERUSD experienced a bullish pennant breakout on September 23rd but retraced by 15% to a key support level at $5.76. If this support holds, the token could regain upward momentum and retest the $7.5 resistance level. RENDER’s partnerships with industry giants like Endeavour and Stability AI have further boosted market confidence. These collaborations highlight the Render Network’s growing role in AI and decentralised GPU rendering, strengthening its long-term potential.

Key Render Levels To Watch – October 7

The RENDERUSD pair is currently bouncing off support near $5.5000 and consolidating above the bullish breaker block (BB). The MACD (Moving Average Convergence Divergence) is signaling a potential upward crossover, indicating momentum is building.

A successful breakout above $6.6000 could drive prices toward the next resistance at $7.8720. If the bulls maintain control, the price could aim for the $9.3060 zone.

RNDRUSD Key Levels

Resistance Levels: $7.8720, $9.3060, $11.6600
Support Levels: $4.4520, $3.4100, $2.0000

LINK Metrics

Total Market Capitalization: $2.19T
Render Market Capitalization: $2.88B
Render Volume: $407.89M
Market Rank: #30

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