Render

Momentum

Coin

<ul class="news-points"> 
 <li>RNDR rebounds with a bullish drive from&nbsp;$1.64 and eyes $1.71 resistance.</li> 
 <li>Moving averages signal a strengthening of the RNDR uptrend.</li> 
 <li>MACD supports bullish momentum, however, high MFI warns of a potential correction.</li> 
</ul> 
<a href="https://coinedition.com/tag/render-rndr-token/" rel="noopener noreferrer nofollow">Render (RNDR)</a> began the day with a bearish bias before bulls swooped in to aid its recovery after support was established at the 24-hour low of $1.64. As a result, bulls drove the RNDR price to an intraday high of $1.71 before hitting resistance. 
RNDR was trading at $1.70 at the time of publication, a slight decrease from the previous high. Despite the opposition, overall sentiment remains positive as RNDR continues to show signs of growth. 
RNDR’s market capitalization increased by 2.87% to $629,104,434 during the bullish recovery, while its 24-hour trading volume increased by 25.21% to $30,002,830, reflecting traders’ increased confidence in the token. 
If RNDR bulls break through the $1.71 resistance, the next level to watch is around $1.85. This move would indicate that RNDR could continue to rise, potentially attracting more buyers to the market. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
 <img decoding="async" width="704" height="543" src="https://coinedition.com/wp-content/uploads/2023/08/RNDR-1.png" alt="" class="wp-image-327758" srcset="https://coinedition.com/wp-content/uploads/2023/08/RNDR-1.png 704w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-300x231.png 300w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-227x175.png 227w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-380x293.png 380w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-508x392.png 508w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-91x70.png 91w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-115x89.png 115w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-185x143.png 185w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-577x445.png 577w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-320x247.png 320w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-311x240.png 311w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-214x165.png 214w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-274x211.png 274w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-240x185.png 240w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-105x81.png 105w, https://coinedition.com/wp-content/uploads/2023/08/RNDR-1-97x75.png 97w" sizes="(max-width: 704px) 100vw, 704px"> 
 <figcaption class="wp-element-caption"> RNDR/USD 24-hour price chart (source: <a href="https://www.tradingview.com/x/52JrfXZy/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>) 
 </figcaption> 
 </figure> 
</div> 
On the RNDR/USD price chart, the 10… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/rndr-rebounds-positive-momentum-points-to-upside-potential/">RNDR Rebounds: Positive Momentum Points to Upside Potential</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

RNDR Rebounds: Positive Momentum Points to Upside Potential

Coin Edition

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