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Render Token (RNDR), operating on Ethereum, has shown resilience amidst market volatility. Its recent rebound, paralleling Ethereum’s rise to $3,000, underscores Render’s significance. Despite market fluctuations, RNDR remains steadfast, attracting traders and investors. LunarCrush data reveals a 116% surge in Render’s social visibility, reflecting its price increase and growing interest.
Render Token Captures Market Focus with Notable Trading Activityhttps://t.co/DIS3QhSV3O
— BH NEWS (@bhnewsnet) April 16, 2024
Follow us and keep up to date with the latest developments for #Bitcoin #Ethereum #Ripple #blockchain #cryptocurrency
Market analysts note a bullish sentiment towards decentralized project indices (DePIN), further enhancing Render’s appeal. Render’s trading volume peaked at $556.65 million on April 14, up by 37.72% from the previous day. While subsequent volume dips raise concerns, Render’s resilience prompts speculation on its ability to sustain its bullish trajectory.
Key Render Levels To Watch – April 16
RNDRUSD is making a major retracement into the discount zone. The retracement began on March 15, 2024, after the $13.630 swing high was attained.
Price slid alongside the diagonal resistance until it eventually reached the rejection block. A resurgence to the upside is currently ongoing as the market leaves the oversold region.
RNDR Key Levels
Resistance Levels: $9.920, $12.020, $13.630
Support Levels: $6.320, $3.370, $1.980
Render Metrics
Total Market Capitalization: $2.27T
Render Market Capitalization: $3.17B
Render Volume: $396M
Market Rank: #34
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