The AI token render shows a resistance trendline breakout in the daily chart. The bull run has exceeded the $7 psychological mark and is trading at $7.33.
With an intraday gain of 6%, the ongoing bull run accounts for a price jump of nearly 75%.
Render Token (RNDR) is experiencing bullish momentum, with its price climbing around 9% recently, positioning it at approximately $7.39. This price movement is reinforced by its stability above the 50-day and 200-day simple moving averages (SMAs), which typically signal strong support and a positive trend. The presence of a bullish pennant pattern suggests potential for further growth, and some analysts anticipate a possible rise toward $16 in the coming weeks if bullish factors hold
With the trendline breakout rally, the bull run will likely surpass the $13.27 mark for a new 52-week high level. Hence, the altcoin shows more than 80% upside potential from the current market price.