Render

Flash

Momentum

Propel

Shiba Inu

<p>The Render token (RNDR) has staged an impressive rally over the past day, surging 31% following its listing on Binance’s Japanese exchange. RNDR has now broken key resistance levels and appears poised to make a run at its all-time high around $8.80, surging from a 24-hour low of $2.30 to $3.19. Render has significantly outperformed major cryptocurrencies, notching year-to-date returns above 519%.&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="759" src="https://captainaltcoin.com/wp-content/uploads/2023/11/chart-17-1024x759.png" alt="" class="wp-image-378120" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/chart-17-1024x759.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-17-300x222.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-17-767x569.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-17-1536x1139.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-17-2048x1519.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-17-202x150.png 202w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-17-100x74.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-17-472x350.png 472w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-17-788x584.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/chart-17.png 1060w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><em><strong>Source: <a class="thirstylink" rel="nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p> 
<p>Momentum has accelerated further in recent days, with RNDR exploding 30% past the $2.617 resistance level that had capped its price advance for nearly 3 weeks. Currently, RNDR seems on the cusp of testing the next resistance zone around $3.15.</p> 
<p>Bullish momentum indicators suggest the rally has room to run. The MACD is spiking higher amid massive volatility, while the RNDR has also broken out above its long-standing horizontal resistance around $2.20. This area has had confined price action since March 2021.</p> 
<p>Analysts now eye a potential push for RNDR to revisit and exceed its all-time high of $8.80. The Elliott Wave Theory suggests RNDR remains in the early stages of a larger five-wave bullish structure. Targets could include $5.45 and $8 based on common Fibonacci extension guidelines.</p> 
<p>Fundamentals may also support RNDR’s continued rise. Analysts <a href="https://twitter.com/AltstreetBet/status/1724934903987347543" target="_blank" rel="noreferrer noopener nofollow">cite</a> strong demand drivers via Render Network’s GPU sharing model as a tailwind, alongside integration with major tech ecosystems and cost advantages.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="520" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-390-1024x520.png" alt="" class="wp-image-378131" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-390-1024x520.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-390-300x152.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-390-767x389.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-390-1536x779.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-390-2048x1039.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-390-296x150.png 296w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-390-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-390-690x350.png 690w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-390-788x399.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-390.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Read also:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/how-this-smart-ethereum-whale-earned-over-14-million-in-eth-without-always-buying-low-and-selling-high/" target="_blank" rel="noreferrer noopener">How This Smart Ethereum Whale Earned Over $14 Million in ETH Without Always Buying Low and Selling High</a></li> 
 <li><a href="https://captainaltcoin.com/cardanos-ada-chart-couldnt-look-any-better-as-indicators-flash-bullish-analyst-updates-xrp-outlook/" target="_blank" rel="noreferrer noopener">Cardano’s ADA Chart “Couldn’t Look Any Better” As Indicators Flash Bullish – Analyst Updates XRP Outlook</a></li> 
 <li><a href="https://captainaltcoin.com/have-shiba-inu-and-dogecoin-met-their-match-in-this-memecoin/" target="_blank" rel="noreferrer noopener">Have Shiba Inu and Dogecoin Met Their Match in This Memecoin?</a></li> 
</ul> 
<p>In summary, RNDR appears primed for an assault on record highs after decoupling from broader market weakness. The technical landscape looks constructive for extended upside, especially if key Fib levels and previous resistance zones can be recaptured as support.</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/render-network-rndr-soars-by-31-will-this-catalyst-propel-it-to-a-new-all-time-high/">Render Network (RNDR) Soars by 31%: Will This Catalyst Propel It to a New All-Time High?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Render Network (RNDR) Soars by 31%: Will This Catalyst Propel It to a New All-Time High?

Table of Contents

CaptainAltcoin

Other articles published on Nov 16, 2023

Avalanche (AVAX) surges by over 29%

Everything To Know About Decentralized Exchange and Its Scope

TRX Worth Millions Sent From FTX to Binance — Potential Selloff?

Brazil's crypto regulatory environment is driving competitiveness — CEO of Coinext

How To Buy Bitcoin and Meme Moguls, Two Cryptos Setting The Market Alight

WhiteBIT Crypto Exchange Marks the 5th Anniversary: Key Achievements

Join our free newsletter for daily crypto updates!