Render

bullish

Artificial Intelligence

Story

<div id="story-highlight-pattern-block" class="wp-block-group">
  
 <div id="story-highlights" class="wp-block-group">
   
  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>   
  <ul class="wp-block-list story-highlights-list">
    
   <li>The RNDR price reclaims the $8 mark with an 8.10% jump in 24 hours.</li>   
   <li>The EMA 50/200-day hints at a Golden Cross, suggesting sustained bullish action.</li>   
   <li>Render price successfully retests its support of the ascending channel pattern.</li> 
  </ul>   
  <p>As the Render token reclaims the $8 mark, investors are highly anticipating this altcoin to retest its ATH this year. Notably, the RNDR price has soared ~50% this month, resulting in it recording a 5-month high.</p>   
  <p>With the increased bullish sentiment in the cryptocurrency market, will the RENDER price rally toward a new all-time high this month? Or will it experience a pullback? In this article, we have covered the possible short-term price sentiments.</p>   
  <h2 class="wp-block-heading" id="h-rndr-price-records-intensified-bullish-action">RNDR Price Records Intensified Bullish Action!</h2>   
  <p>With its intraday surge of over 8%, the Render price has continued trading in the ascending channel pattern. Notably, this altcoin has been trading within this price trend since the month started. Moreover, with a market cap of $4.17 billion, it has secured the 29th position.</p>   
  <figure class="wp-block-image size-large">
   <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/20134627/Render-Price-Analysis-20th-November-2024-1024x564.webp" alt="RNDR Price Records Intensified Bullish Action!" class="wp-image-382292">
   <figcaption class="wp-element-caption">
    TradingView: RNDR/USDT
   </figcaption>
  </figure>   
  <p>The EMA 50/200-day is on the path of experiencing a Golden Cross in the daily time frame. This suggests an increase in the buying-over-selling pressure for this Artificial Intelligence token in the market.</p>   
  <p>Further, the MACD indicator constantly records a green histogram with its averages displaying a steady rise in the Render price chart. This highlights that the altcoin may continue gaining value this week.</p>   
  <h2 class="wp-block-heading" id="h-will-rndr-price-hit-a-new-ath-this-year">Will RNDR Price Hit A New ATH This Year?</h2>   
  <p>Maintaining its bullish sentiment could push the Render price toward its resistance level of $9 this week. Further, if the market favors the bulls, this Ethereum-based altcoin could retest its $10 level in the upcoming time.</p>   
  <p>On the contrary, if a bearish trend reversal occurs, the Render token will drop toward its support trendline of $7.185. Moreover, if the bulls fail to regain momentum at that point, this could result in it retesting its lower support level of $5.50.</p>   
  <p>Are you keen on whether the Render token will hit a new ATH this year? Read our <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/" target="_blank" rel="noreferrer noopener">Render Price Prediction</a> and also subscribe to us to get insights into the latest crypto news first!</p>   
  <h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
  <div class="schema-faq wp-block-yoast-faq-block">
   <div class="schema-faq-section" id="faq-question-1732090654798">
    <strong class="schema-faq-question"><strong>What is the price of Render?</strong></strong> 
    <p class="schema-faq-answer">With a weekly surge of over 26%, this AI project is currently valued at $8.0547.</p> 
   </div> 
   <div class="schema-faq-section" id="faq-question-1732090656076">
    <strong class="schema-faq-question"><strong>How high will RNDR go?</strong></strong> 
    <p class="schema-faq-answer">If the bulls maintain momentum, the Render token may reach a high of $14.63 in 2025.</p> 
   </div> 
   <div class="schema-faq-section" id="faq-question-1732090656802">
    <strong class="schema-faq-question"><strong>Can Render reach $100?</strong></strong> 
    <p class="schema-faq-answer">For the RNDR price to achieve the $100 mark, it will require a surge of 1,141.51% from its current trading price of $8.05.</p> 
   </div> 
  </div> 
 </div> 
</div>

Render Price Reclaims $8, Eyes To Hit $10 With A 25% Surge?

Table of Contents

CoinPedia News

Other articles published on Nov 20, 2024

The chance of Bitcoin reaching $100,000 by year's end surges to 72%

MicroStrategy’s Bitcoin Holdings Hit $30.8B with Largest-Ever BTC Purchase

DeGate Updates Roadmap: Buy any token on any chain with Security

From $0.04 to $25: This new token could leave Polkadot and Avalanche behind

Decentralized vs Crypto Casinos: The Ultimate Showdown

The Memecoin Frenzy Resumes With An Unexpected Live On Pump Fun

Join our free newsletter for daily crypto updates!