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The post <a href="https://coinpedia.org/price-analysis/render-price-jumps-12-rndr-token-to-rally-to-6-soon/">Render Price Jumps 12%! RNDR Token To Rally To $6 Soon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
After trading in a closed range for a while, the Render token has successfully regained momentum and has recorded a jump of 11.97% within the past 24 hours, making it one of the top gainers of the day in the crypto industry. 
The Render token price traded in a narrow range between $3.743 and $3.947 for a while, following which the bulls gained momentum, and the token recorded a jump of approximately 18% in valuation. After facing rejection at $4.407, the <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/">RNDR price</a> traded between $3.947 and $4.407 for the next five days. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/FbntYCxdrmWIdVbNpW8ckYHuGzgx6LKYk2ww6g3QjRhqSEx_nSbKaLAeQdgZYWCo4cKj1iH8fNi18xYrKCxdPAAKg4BXV7qaK9bQL9aehGgQnGAg0Jb7T-Wk4SGVZHzaG7DUJLUOzbYZXgND5jp0EIg" alt="Render Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: RNDR/USDT
 </figcaption>
</figure> 
As the market volatility grew, the bears overpowered the bulls and recorded a loss of 10.33%, but the bulls held the price strong above the support level of $3.539. This resulted in the Render token trading sideways for the next few days. 
After multiple failed attempts to break out, the bulls successfully regained momentum and added over 29.3% to its portfolio within the next four days. Following this, the price traded in a consolidated range between $4.407 and $4.840 for a brief period, during which the price displayed significant price volatility. 
The Render token then gained just enough momentum to break, after which the RNDR traded between $4.840 and $5.156 for a while. Recently, the bulls regained momentum and recorded a jump of approximately 12%, indicating a rise in the bullpower within the market. 
<h2 class="wp-block-heading" id="h-will-rndr-price-go-up">Will RNDR Price Go Up?</h2> 
The Moving Average Convergence Divergence (MACD) displays a constant rise in the histogram, indicating an increase in the buying pressure within the market. Further, the averages show a sharp rise, suggesting the price will continue gaining value in the coming time. 
If the market holds the price above the support level of $5.450, the bulls will regain momentum and test its resistance level of $5.734 over the weekend. Maintaining the price at that level will set the stage for the Render token to attempt to test its upper resistance level of $6.00 in the upcoming week. 
Conversely, if a trend reversal occurs, the RNDR price will lose momentum and fall to test its lower support level of $5.156. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its crucial support level of $4.840 this month.

Render Price Jumps 12%! RNDR Token To Rally To $6 Soon?

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