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<p>RNDR, the native token of Render, is making waves during the ongoing market correction, as it appears poised for notable upside momentum. This speculation is caused by RNDR’s bullish price action pattern, significant participation from traders and investors, and overall positive market sentiment.</p>  
<h2 class="wp-block-heading" id="h-render-rdnr-technical-analysis-and-upcoming-level"><strong>Render (RDNR) Technical Analysis and Upcoming level</strong></h2>  
<p>According to CoinPedia’s technical analysis, <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/" rel="noopener noreferrer nofollow">RNDR</a> recently broke out of a bullish double-bottom price action pattern and is now targeting the next resistance level at $10. However, this breakout occurred in a lower time frame (four hours), shifting the token into the bullish side.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/11/29024811/RNDRUSD_2024-11-29_02-48-00.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/29024811/RNDRUSD_2024-11-29_02-48-00-1024x448.png" alt="" class="wp-image-386815"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>  
<h3 class="wp-block-heading" id="h-render-rndr-price-prediction"><strong>Render (RNDR) Price Prediction</strong></h3>  
<p>Based on recent price action and historical momentum, there is a strong possibility that RNDR could soar by 18% to reach $10 in the coming days. Additionally, on a daily time frame, the altcoin appears bullish and shows the potential to surge by 35% to hit the $12 level soon.</p>  
<h2 class="wp-block-heading" id="h-bullish-on-chain-metrics-nbsp"><strong>Bullish On-Chain Metrics&nbsp;</strong></h2>  
<p>In addition to technical analysis, traders have shown a strong interest and confidence in RNDR, as reported by the on-chain analytics firm <a href="https://www.coinglass.com/currencies/RENDER" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a>.&nbsp;</p>  
<p>According to the data, RNDR’s open interest (OI) has surged by 29% in the past 24 hours and 12.8% in the past four hours. This growing trader participation has pushed RNDR to a record-high open interest of $160.30 million.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/11/29024843/image-311.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/29024843/image-311-1024x312.png" alt="" class="wp-image-386816"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>  
<p>This growing interest not only indicates the buildup of new positions but also shows traders' belief and confidence in the token.</p>  
<p>Additionally, RNDR’s Long/Short ratio currently stands at 1.86, indicating strong bullish sentiment among traders. According to the data, 65% of top RNDR traders hold long positions, while 35% hold short positions.&nbsp;</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/11/29024906/djvnjdnkdvd.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/29024906/djvnjdnkdvd-1024x274.png" alt="" class="wp-image-386817"></a>
 <figcaption class="wp-element-caption">
  Source: Coinglass
 </figcaption>
</figure>  
<p>Traders and investors often use a combination of rising open interest and a Long/Short ratio above 1 as a signal when building long positions.</p>  
<h3 class="wp-block-heading" id="h-current-price-momentum-nbsp"><strong>Current Price Momentum&nbsp;</strong></h3>  
<p>Currently, the majority of top cryptocurrencies are struggling to gain momentum, while RNDR has ranked 3rd in terms of price gain. At press time, RNDR is trading near $8.50 and has registered an upside momentum of over 9.25% in the past 24 hours. Meanwhile, its trading volume during the same period surged by 98%, indicating notable participation from traders and investors amid the asset’s bullish outlook.</p>

Render (RNDR) Price Prediction for November 29

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