RNDR Soars in AI: Render (RNDR) Soars to Become Third-Largest AI Coin with 28% Increase in Last Month and Second in Social Dominance Rankings
Positive Indicators Strengthen Bullish Trend: BBTrend and EMA Signals Indicate Uptrend Continuation as $7.94 Resistance Is Cleared
Price Surge That Attracts Investors: RNDR Surpasses Major AI Coins Like TAO and FET with a 40% Rise
Render (RNDR) has gained 28% in the past month, making it the third-largest AI coin by market cap, behind FET and TAO. This strong growth has had a positive impact on the overall market, while also solidifying its ranking in social dominance. Analysts are optimistic that the strong bull trend will continue; the increase in social activity and positive signals in technical indicators indicate increasing investor interest.
RNDR Surpasses FET in Social Dominance
Render (RNDR) has made a huge leap forward in terms of social dominance, rising to second place among AI coins. Its presence on social media has nearly doubled in the last seven days. This increase indicates that interest and discussion around RNDR is increasing, and is likely reflected positively in its price performance. During the same period, RNDR’s price has increased by almost 40%, marking the second-largest gain behind AIOZ Network, which has risen by 73%.
RNDR is showing strong market momentum, outpacing other major AI projects such as TAO, FET, and WLD. This indicates that investors and traders are showing increasing interest in Render and that more capital inflows are likely.
RNDR BBTrend: Strengthening Bullish Momentum
Render (RNDR) BBTrend has been on a positive trend since November 8th and rose to a high of 12.7 on November 10th. BBTrend is an indicator that measures momentum based on Bollinger Bands, with positive values indicating bullish momentum and negative values indicating bearish momentum. BBTrend reaching 12.7 indicated that bullish momentum was strong in the short term. However, BBTrend fell to 1.17 after 12.7, indicating that bullish momentum was waning. However, it has since recovered and is currently at 4.83 levels, indicating that moderate positive momentum is continuing.
This recovery suggests that buying interest is strengthening and if the current positive market sentiment continues, the trend could regain strength.
RNDR Price Prediction: Is $9 Target Possible?
RNDR’s EMA lines indicate a strong bull market with the price trading above all exponential moving averages. The short-term EMAs are aligned above the long-term ones, confirming that positive momentum is strong and buyers have the upper hand in the market. If these conditions persist, the price is likely to continue its uptrend.
If the bullish trend continues, the RNDR price could test the next resistance level at $7.94. Breaking this resistance level would allow the price to rally by 34% to $9.46. This would cement Render as one of the top three AI coins.
However, if the bullish momentum weakens and a correction occurs, RNDR is likely to test the support level at $5.83. If this support level is broken, the price could drop to $5.03 and start a deeper correction.