Render (RENDER) Surges 9% Amid Growing Investor Interest

RENDER has experienced a strong bullish trend, gaining 9% in the past 48 hours. Currently trading at $10.02, the surge is linked to increased interest from smaller investors. Analysts have identified a potential “buy” signal, pointing to growing daily active addresses as a key driver.

@JulesUrbach is not only a keynote speaker at #TechForumAR, but @RenderNetwork is also a sponsor! 👀

This shows the growing impact of $RENDER in driving decentralized AI

Exciting times await us 🔥🔥🔥 https://t.co/M2VLOYdHOT pic.twitter.com/11U9FzaYnj

— Jay ® ⭕️ ⛓️ (@JayJayKan) October 11, 2024

The token’s recent performance suggests optimism in the market, with many viewing Render as poised for further gains. Additionally, if RNDRUSD manages to break past resistance at $10.80, it could approach new all-time highs. This combination of rising demand and positive market conditions positions RENDER as a token with promising growth potential.

Key Render Levels To Watch – October 13

The RENDERUSD chart shows a bullish outlook as the price bounced off the $5.318 support zone. The Stochastic Oscillator at 26.95 indicates that the pair is moving out of oversold territory, suggesting increased buying pressure. Price is currently testing the 9-period SMA at $5.447, with a potential breakout toward the $6.824 resistance level. If the bullish trend continues, the next target could be $7.872.

RNDRUSD Key Levels

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

LINK Metrics

Total Market Capitalization: $2.18T 
Render Market Capitalization: $2.72B
Render Volume: $178.26M
Market Rank: #33

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