đ Render Price Is Going Up; Will RNDR Crypto Reach The $15 Level?
đşÂ RNDR price recently broke out of the descending triangle pattern.
đşÂ Render crypto is trading above the key moving averages showcasing bullishness.
The Render crypto (RNDR) crypto price jumped in the bullish region and has displayed bullish waves for the past sessions. Recently the price gave a breakout to an interesting triangle pattern.
Moreover, the token is sustaining gains above the key moving averages and is persistent in stretching the gains. The token had given a bullish breakout and has surged over 23% this month, replicating the bull accumulation.
RNDRÂ has started a major bullish move from the lower support levels of $6.850. The price broke above the major trendline, resulting in an upsurge of the price to the upper resistance.
đ¸ Render Crypto Price vs Volume Analysis
The volume and price graph displayed that the trading volume has increased in the last few days and the price has also inclined. The price had grown from the level of $6.850 to $11.252 and so has the volume.In the last few days, the price has grown significantly. Hence, the price is expected to grow in the long term as well.
đ¸ Render Crypto Social Dominance vs Social Volume
Based on the social dominance and social volume graph, the social dominance and social volume have been steadily increasing over the last few months, which has had a positive impact on the price of RNDR. Additionally, the momentum of the Render price may be influenced by changes in social dominance and volume dominance.
In terms of social dominance for an asset, itâs analogous to counting how many people in the room are discussing RNDR compared to the top 100 cryptocurrencies. For example, if RNDRâs social dominance is 50%, it means that half of the cryptocurrency conversations are about RNDR.
Meanwhile, social volume for RNDR means how often RNDR is mentioned across social platforms.