Token

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bullish

Render

With the long-coming resistance trendline breakout, the RENDER (RNDR) token price has crossed the $8 mark. However, the higher price rejection warns of a bullish failure despite the broader market maintaining a bullish trend.&nbsp;  
Will a rising wedge breakdown result in a quick pullback in RENDER and go against the bullish market? Let's find out in this RNDR price analysis.  
<h2 class="wp-block-heading" id="h-rndr-price-eyes-wedge-breakout-rally">RNDR Price Eyes Wedge Breakout Rally</h2>  
In the daily chart, the RNDR token price showcases a bullish trend gaining momentum. With the recent trendline breakout rally, the higher high formation in the render price continues.&nbsp;  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/28163107/xWCD5zmW-1024x509.webp" alt="RNDR price chart" class="wp-image-386505">
</figure>  
<a href="https://www.tradingview.com/x/xWCD5zmW/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a>  
Currently, the RNDR token is trading at a market price of $8.09 following the 6.39% surge last night. The bullish surge resulted in a bullish candle completing a morning star pattern.&nbsp;  
However, the constricting range is teasing a rising wedge formation. Currently, the Render price trend is challenging the overhead resistance trendline.&nbsp;  
The higher price rejection resulting in a long wick in the intraday candle reveals the incoming supply. The bull run in the Render token price started from $4.21 and now accounts for a nearly 90% surge.&nbsp;  
However, a rising wedge pattern warns of a bullish failure, resulting in a quick pullback to retest the $6.88 breakout.&nbsp;  
<h3 class="wp-block-heading" id="h-technical-indicators">Technical Indicators:</h3>  
The prevailing bull run has resulted in a golden crossover and is now teasing a crossover between the 100-day and 200-day EMA lines. The constricting price movement within the rising wedge pattern merges the MACD and signal lines and warns of a negative crossover.&nbsp;  
Hence, the technical indicators have opposing views on the upcoming price trend in the RNDR token.  
<h2 class="wp-block-heading" id="h-will-the-rndr-price-cross-10">Will the RNDR Price Cross $10?</h2>  
Based on the price action analysis, the short-term pullback due to the rising wedge pattern is possible to retest the $0.07 mark. However, with the broader market recovery, the uptrend is likely to challenge the immediate resistance level at $9.30. By the end of the year, the bullish continuation will target the $11.65 and $13.27 horizontal levels.&nbsp;  
On the flip side, if the broader market fails to gain momentum, the next support levels for the RNDR price trend are at $6.19 and $5.22.  
Will the RNDR price cross the $1 mark in the next bull run? Find answers to such questions now in our <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">RNDR price prediction</a>.&nbsp;  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
1. What is the current price of RNDR, and how much has it surged? The current price of RNDR is $8.09, reflecting a 90% surge from its starting point of $4.21.  
2. Will RNDR cross the $10 mark? RNDR is likely to challenge $9.30 in the short term, with potential to cross $10 and target $11.65 by year-end if bullish momentum persists.  
3. What are the key support levels for RNDR in case of a pullback? The immediate support levels are $6.88, $6.19, and $5.22, with the rising wedge pattern suggesting a possible retest.

RNDR Token Price Analysis: Can It Reach $13.27 by Year-End?

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