Token

Render

Rise

The post <a href="https://coinpedia.org/price-analysis/render-token-price-continues-to-surge-is-rndr-price-on-a-path-to-record-new-ath/" rel="noopener noreferrer nofollow">Render Token Price Continues To Surge! Is RNDR Price On A Path To Record New ATH?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Despite the increased price volatility in the crypto industry, the Render Token has displayed a constant rise in its portfolio. The RNDR Price has added over 5% within the past day and has cumulatively added over 15% during the past week.
The <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/" rel="noopener noreferrer nofollow">Render coin price</a> traded between $1.844 and $2.189 for a brief period, after which the bulls gained power, breaking the price out of the range. However, the rally was short-lived as the bulls faced rejection at $2.542, following which the price traded in a range between $2.189 as its support level and $2.542 as its resistance level for approximately three weeks.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/Z3nve4ooYyVJySPC1CeQvA34fAy0l4mqi12a8wmSivINsTC3YtqQsh7wL5EWL92wOBrcECuw2N6d31KDI4xH2ajTgjnnqfjv5pH3o4G1SuCkt7Djun_W3i8yVDmazo4VqY7Y4Rk0hmC49BUhdD1SZ3M" alt="Render Token Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: RNDR/USDT
 </figcaption>
</figure>
As the market regained momentum, the RNDR token broke out of its upper level and jumped over 40% within a day. Since then, the price has been trading in a rising channel pattern, displaying a strong bullish sentiment for this crypto.
Moreover, the 50-day EMA acts as a dynamic support to the price trend, highlighting a high possibility of massive price action in the coming time.
The Relative Strength Index (RSI) continues to trade above the mid-point, indicating a bullish influence in the market. Further, the averages show a bullish convergence, suggesting the price will continue gaining value in the coming time.
<h2 class="wp-block-heading" id="h-will-render-token-price-rise-back-up">Will Render Token Price Rise Back Up?</h2>
If the bulls regain momentum, the RNDR price will reclaim its $5 mark and continue to rise. Further, if the market holds the price at that level, it will rise and test its upper level of $5.25 in the coming time.
Negatively, if a trend reversal occurs, the price will lose momentum and value. Moreover, if the bears continue to dominate the industry, it will prepare to test its crucial support trendline of around $4.35 from the rising channel pattern.

Render Token Price Continues To Surge! Is RNDR Price On A Path To Record New ATH?

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