The post Render Price Reclaims $8, Eyes To Hit $10 With A 25% Surge? appeared first on Coinpedia Fintech News

Story Highlights

  • The RNDR price reclaims the $8 mark with an 8.10% jump in 24 hours.

  • The EMA 50/200-day hints at a Golden Cross, suggesting sustained bullish action.

  • Render price successfully retests its support of the ascending channel pattern.

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.

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.

RNDR Price Records Intensified Bullish Action!

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.

TradingView: RNDR/USDT

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.

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.

Will RNDR Price Hit A New ATH This Year?

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.

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.

Are you keen on whether the Render token will hit a new ATH this year? Read our Render Price Prediction and also subscribe to us to get insights into the latest crypto news first!

FAQs

What is the price of Render?

With a weekly surge of over 26%, this AI project is currently valued at $8.0547.

How high will RNDR go?

If the bulls maintain momentum, the Render token may reach a high of $14.63 in 2025.

Can Render reach $100?

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.