$RENDER : Render Token Climbs +9% in a Strong Infrastructure Play!
Price Update: RNDR is trading at $7.693, up +9.07% in the last 24 hours. The token hit a high of $8.120 and a low of $6.916, showcasing a solid upward trajectory as demand for infrastructure tokens grows.
Technical Analysis:
• Moving Averages:
• The 7 MA at $7.719 is acting as resistance in the short term, indicating consolidation near the current level.
• The 25 MA at $7.608 and 99 MA at $7.100 confirm sustained bullish momentum.
• Volume Insights:
• Volume levels remain robust, reflecting consistent interest in RNDR as it tests resistance.
• Support Zone: Immediate support lies at $7.600, with stronger support at $7.300.
• Resistance Zone: Breaking the recent high of $8.120 could pave the way for another rally.
Market Sentiment:
• Bulls are maintaining control as RNDR consolidates after a strong upward push. A breakout above $8.000 could signal the next leg higher.
What’s Next?:
• Bullish Case: A breakout above $8.120 could push RNDR toward $8.500-$9.000 in the short term.
• Bearish Case: Failure to hold above $7.600 might lead to a pullback toward $7.300 for consolidation.
