Token

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Divergence

The post <a href="https://coinpedia.org/price-analysis/render-token-price-surges-will-rndr-price-record-new-yearly-high-soon/">Render Token Price Surges! Will RNDR Price Record New Yearly High Soon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto market has displayed a significant move in valuation this year as the industry has added massive value to its total market cap. Bitcoin has already recorded a return of over 100% YTD. Further, the Render token has outperformed elite tokens by recording over 630% Year-to-Date (YTD) gain. 
Following the news of Binance RNDR on the Japanese exchange, the Render token has experienced a surge of approximately 35% within the past day, making it one of the top gainers in the industry for the day. 
The <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/">RNDR price</a> was seen hovering close to its resistance/support level of $1.786 for a brief period, following which the price experienced significant momentum and successfully broke out of the range. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/0HKr4H6SqW6A89P58cbKTi97d7_ZxNd7lsTXJY8Y9L0k2mBjFE9ejuBSM_53rmPGorcHtmT722I3MPzHxClTbR_BwIccXzzLWIDfw9VN77xkyvmyZwgFhpYDjMviqTxFjr3WRl3LPmc2KbYF6LlgwtchUr6xoAQgWnWpKchoQGcBsXnDZLwbBCAk4ERY2Q" alt="RNDR Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: RNDR/USDT
 </figcaption>
</figure> 
The token constantly gained momentum and headed toward its upper resistance level of $2.125, where the price faced rejection, resulting in the coin trading close to it for a short period. 
The Render token gained momentum and experienced a price jump of approximately 30% but was rejected at $2.617, after which the price traded sideways for roughly 19 days. 
The RNDR token recently gained momentum and successfully broke out its key resistance level of $2.617, resulting in the price recording a significant gain in value. Further, the token is currently on the verge of testing its upper resistance level of $3.150, of which the outcome is unpredictable. 
<h2 class="wp-block-heading" id="h-will-rndr-price-hit-4-soon">Will RNDR Price Hit $4 Soon?</h2> 
The Moving Average Convergence Divergence (MACD) displays massive price volatility since the month’s start, indicating a massive ongoing price action for the coin. Further, the averages show a sharp spike, suggesting the price to continue gaining value in the coming time. 
If the bulls push the coin above the resistance level of $3.150, the price will regain momentum and prepare to test its upper resistance level of $3.40 soon. Further, if the market manages to hold the price at that level, it will set the stage for the coin to attempt to test its resistance level of $3.721 in the coming week. 
If the bulls continue to gain momentum at that level, the price will make an attempt to test its key level of $4 in the coming month. 
Conversely, if the bears overpowered the bulls, the price will lose momentum and fall to test its support level at $2.80 soon. Moreover, if the bears continue to dominate the market, it will continue to lose value and test its lower support level of $2.617 in the upcoming days.

Render Token Price Surges! Will RNDR Price Record New Yearly High Soon?

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