RENDER/USDT Sees Additional Gains

The Render token has emerged as one of the top-performing cryptocurrencies today. As of the time of writing, the token ranks second on the list of top-performing coins, with a gain of 3.12%. Let’s take a closer look at the token below.

Render Statistics

Current Price: $3.995

Market Capitalization: $2.04B

Circulating Supply: 517.71M

Total Supply: 532.47M

CoinMarketCap Rank: 42

Key Price Levels

Resistance: $4.500, $5.000, $5.500

Support: $3.500, $3.000, $2.500

RENDER/USDT Builds on Moderate Gains

Over the past four sessions, Render has consistently posted gains. This appears to be the result of increased buying activity in the market. The latest green price candle stands well above the converging 20- and 50-day Moving Average (MA) curves.

Similarly, the Stochastic Rate of Change (ROC) indicator line has crossed above the 0.00 equilibrium level and continues on an upward trajectory. Technically, this suggests that bullish momentum is strengthening, and the market may push further upward.

Render Experiences a Minor Retracement

Although the general uptrend in the RENDER/USDT market remains intact, the ongoing session has seen a slight downward retracement. This is more evident on the 4-hour chart. In this time frame, price action has moved above all the MA lines. Likewise, the SROC indicator line has also risen past the equilibrium level.

However, due to the current session’s pullback, the terminal end of the indicator line has bent slightly downward. Nevertheless, the latter portion of the line remains green, indicating that bullish momentum still dominates. Therefore, the market appears poised to approach the $4.250 price level in the near term.

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