📊 $RENDER price prediction: Will a bullish breakout push RNDR to $14?

Render’s breakout could propel RNDR to $14, supported by growing market activity and bullish sentiment.

Render’s breakout from the bullish flag pattern signaled a potential rise to $14.

Increased network activity and liquidations of short positions suggested the potential for continued price gains.

RENDER has captured significant attention in the market after breaking out of its bullish flag pattern, with its price surging to $8.14, up 8.71% at press time.

This breakout comes after the token achieved a $4 billion market cap, which has piqued the interest of investors and traders.

With key resistance at $10 in sight and a potential target of $14, Render’s next price move could have significant implications for its future.

🔸 What’s driving the price action?

Render’s bullish breakout is a clear sign of increasing investor confidence.

The breakout from the bullish flag pattern has set the stage for a potential rally towards the $10 resistance level, a key hurdle that could determine the next leg of its price movement.

If Render manages to break this level, traders may target $14 as the next price objective, marking a potential 70% upside from the current level.

Additionally, the token’s recent market cap of $4 billion signaled a growing interest in Render’s ecosystem. Such milestones often attract more investors and can provide a solid foundation for further price appreciation.

Render’s technical indicators provide further insight into its price action. The Relative Strength Index (RSI) was 59.28 at press time.

🔸 Will #RNDR hit $14?

Render’s breakout, coupled with the increase in active addresses and bullish market sentiment, sets a positive outlook for the token.

However, the RSI nearing overbought territory and the key resistance at $10 could challenge its momentum. If Render clears the $10 resistance, a rise to $14 is certainly within reach.