Render (RNDR) Sparks Enthusiasm in the Crypto Community with a Bullish Outlook

Render (RNDR) sparks enthusiasm in the community with a bullish outlook. Render (RNDR), the cloud rendering network fuels excitement in the crypto community as technical indicators and analysts suggest a significant price expansion to the upside. Analyst DoJi expects the price to reach $13.0, with the potential to exceed $20 based on historical trends.

Render Revving Up: Analyst Predicts Potential Climb To $16

Render (RNDR), the cloud-based rendering network, is stirring excitement in the crypto market with technical indicators and analyst predictions hinting at a substantial price surge in the coming weeks… read

— ORDO News (@ordonews) April 29, 2024

This bullish trend might pick up steam if the $9.20 barrier level is broken. In agreement, Inspector Crypto predicts an RNDR range of $14–$16 and notes an inverted head and shoulders pattern. Analysts are nevertheless keeping a close eye on RNDR’s performance in spite of the recent price swings, looking for indications of an impending upturn.

Key Render Levels To Watch – April 29

The market is currently undergoing a correction to the downside. The correction to the downside began after a rejection of the price at the $13.6290 supply zone.

The market’s uptrend is, however, set to resume as the price breaks the diagonal resistance. A resumption to the upside is highly probable as the price invalidates the $7.1290 swing low.

RNDR Key Levels

Resistance Levels: $9.7430, $12.0200, $13.6300
Support Levels: $8.1220, $5.6800, $3.3740

Render Metrics

Total Market Capitalization: $2.31T
Render Market Capitalization: $2.97B
Render Volume: $111M
Market Rank: #35

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