- 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.
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.
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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