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RNDR Price Prediction

Render (RNDR) Price Holds $4.40 Support as Bullish Divergence Signals 212% Rally

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  • Render (RNDR) is consolidating after a strong rally that peaked near $5.60.
  • The token is holding support at $4.40 despite recent market volatility.
  • A bullish divergence hints at a possible trend reversal and renewed upward momentum.
  • Targets of $7.84 and $15.33 suggest potential for significant gains if momentum builds.

Render (RNDR) appears to be undergoing a classic post-hype cooldown phase following a sharp rally that saw the token peak near $5.60 earlier this month. After the surge, momentum has started to fade, with trading volume and price action indicating a short-term consolidation.

At the time of writing, RNDR is trading at $4.67, marking a modest 0.56% increase over the last 24 hours. Daily trading volume has declined by over 6% to $65.84 million, while the project maintains a strong market capitalization of around $3 billion.

RENDER 7D graph coinmarketcap 1 1
Source: CoinMarketcap

Despite recent turbulence that pushed RNDR down by over 12%, largely triggered by broader market volatility, the token has managed to hold above its key support level at $4.40.

This level is now being closely watched as a potential base. If RNDR can maintain stability above this zone, it may set the stage for a renewed bullish push in the coming weeks.

RNDR Holds $4.40 as Bulls Eye 212% Rally

Adding to the optimism, crypto market watcher Javon Marks highlighted that RNDR has recently printed a bullish divergence on its chart. This technical pattern, often seen as a sign of trend reversal, suggests that despite falling prices, underlying momentum indicators are beginning to rise, hinting at growing strength behind the scenes.

According to Marks, this divergence could pave the way for a significant recovery, potentially sending RNDR back toward its previous target near $7.84. Should bullish momentum accelerate, the token may even have room to stretch toward the $15.33 level, a move that would represent a more than 212% gain from current prices.

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Render (RNDR) Price Holds $4.40 Support as Bullish Divergence Signals 212% Rally 3

While such targets are speculative and hinge on broader market conditions, RNDR’s ability to remain above key structural levels during periods of volatility adds credibility to the bullish case.

As the market awaits clearer direction, all eyes remain on Render’s ability to hold the $4.40 support and reclaim higher ground. A solid base here could be the launchpad for the next leg of its upward journey.

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Render (RNDR) Price Prediction: Can It Break $4.28 and Hit $6.70?

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  • Render (RNDR) shows bullish momentum with a double bottom and swing failure pattern, hinting at a possible trend reversal.
  • The token faces strong resistance, and a confirmed breakout could lead to higher price targets.
  • Market stability from Bitcoin holding support may support further upside for altcoins like Render.

Render (RNDR) is on the way to its positive trajectory and experiencing a surge in its price against market volatility and macro factors. However, the overall market is showing signs of stability because Bitcoin is moving around its initial key support levels.

The RNDR price today is $ 3.96 with a 24-hour trading volume of $ 104.01M and a market cap of $ 2.05B. The RNDR price increased 8.72% in the last 24 hours, and over the last week it is up by 18.42%.

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Source: Coinmarketcap

RENDER Poised for Breakout Toward $6.70

Render (RNDR) is now at a turning point in the charts, presenting a dual-edged set of signals to the trader. On one hand, the asset has established a double bottom chart pattern with a Swing Failure Pattern (SFP), both positive developments in that sellers were unable to drive the price down.

Now the possibility of buyers stepping in may be high. These patterns tend to signal that a change in trend is probably looming, with a reversal possible. The structure break provides the bullish argument some heft, indicating RNDR may be preparing to make a big move as long as the setup is confirmed.

Still, RNDR has a major impediment to overcome: resistance at the $4.28 mark. This level has served as a robust point of rejection in the past, and it’s now proving to be hard to overcome. The existence of resistance here makes long entries complicated because it heightens the possibility of a failed breakout. While traders want to get in now.

There are two strategic options traders are eyeing. The aggressive play involves taking an entry on a lower time frame (LTF) dip, hoping for a straight shot upward if momentum continues. 

The more conservative, and potentially higher probability, approach is to wait for a confirmed breakout above $4.28, ideally with a retest that flips resistance into support. If that happens, it would potentially target price levels of $5.40 and ultimately $6.70, in alignment with resistance levels in the past and Fibonacci levels.

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Source: X

Nevertheless, the bullish scenario is threatened. If RNDR loses the bottom and declines back down to the level of the double bottom, the scenario would be negated, leaving the token open to further declines. In the meantime, RNDR is a coin to monitor closely, struggling with potentially positive upside but technical resistance. As usual, timing and persistence can be the ultimate determinants in riding the next move.

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