Render Revving Up: Analyst Predicts Potential Climb To $16
2024年4月29日 - 3:00AM
NEWSBTC
Render (RNDR), the cloud-based rendering network, is stirring
excitement in the crypto market with technical indicators and
analyst predictions hinting at a substantial price surge in the
coming weeks or months. Related Reading: Is SUI Sinking? TVL Tanks
As Crypto Price Fails To Keep Afloat Render Breaks Free From
Technical Chains Technical analysis paints a bullish picture for
RNDR. The token has recently broken out of a bullish technical
pattern known as the Dragon Pattern, also referred to as the supply
line. This breakout historically signifies a potential shift in
momentum, with prices likely to trend upwards. RNDR 24-hour price
action. Source: Coingecko Adding fuel to the fire, analysts are
observing the formation of Three Rising Valleys on RNDR’s chart.
This pattern suggests a potential market bottom has been
established, indicating a reversal from previous downward trends.
Furthermore, a bullish divergence on the four-hour chart hints at
weakening selling pressure. In simpler terms, sellers are
struggling to push prices down, failing to break below previous
lows. $RENDER – It’s looking bullish in my opinion. Here is why 👇 •
Dragon pattern aka the supply line which broke out already. •
Potential 3 rising valleys in the making while we established a
potential bottom. • 4 hour bullish divergence which means that
sellers had a hard… pic.twitter.com/jMBzXWyG81 — Doji 🥷 (@SatsDoji)
April 25, 2024 DoJi, a prominent crypto analyst, sees these
technical indicators as a recipe for a price surge. Based on his
analysis of the Three Rising Valleys, DoJi has set a price target
of around $13 for RNDR. He even goes as far as suggesting a price
explosion beyond $20 if historical price movements repeat
themselves. According to DoJi, surpassing a key resistance level of
$9.20 could be the catalyst that ignites this bullish momentum.
RNDR Up 250% In 6 Months – But Can It Break Resistance? In the
previous half-year, RNDR’s value rose by an astounding 250%. The
pattern of impulsive and corrective moves in the price fluctuation
points to a turbulent market. Forecasting the price trajectory of
RNDR in the future offers both cautious and optimistic options.
There is expected to be resistance at $10.90 and a larger barrier
at $13.30. If the price drops, $6.18 or even lower, $3.79, may
provide support. RNDR network adoption rate and general market
trends could drive price fluctuations, but long-term indications
like the 100-day average point to a possible stabilization around
$8.92. RNDR market cap currently at $3.1 billion. Chart:
TradingView.com Analyst Chimes In With Optimistic Predictions
Meanwhile, DoJi isn’t the only crypto expert bullish on RNDR.
Inspector Crypto, another well-respected analyst, has identified a
bullish Inverse Head and Shoulders Pattern on RNDR’s chart. This
pattern typically precedes a price increase, and Inspector Crypto
has projected a target range of $14-$16 for RNDR based on this
pattern. $RNDR | Inverse Head and Shoulders pattern target:
$14-$16#RENDER #Solana #Bitcoin #AltCoinSeason2024 #Bullrun2024
#ADA #Xrp #AKT pic.twitter.com/VRO8gcTAiH — Inspector Crypto🕵🏻♂️📈
(@1nspector_G) April 26, 2024 The combined optimism from DoJi and
Inspector Crypto reflects a broader sentiment of anticipation
surrounding RNDR. While the token has experienced a slight dip in
price recently, many analysts are closely monitoring its
performance, waiting for the upswing signal. Featured image from
Pexels, chart from TradingView
Render Token (COIN:RNDRUSD)
過去 株価チャート
から 9 2024 まで 10 2024
Render Token (COIN:RNDRUSD)
過去 株価チャート
から 10 2023 まで 10 2024