Convergence

Token

Render

Divergence

The post <a href="https://coinpedia.org/price-analysis/render-price-struggles-to-break-out-of-its-key-level-will-rndr-token-bounce-back/">Render Price Struggles To Break Out Of Its Key Level! Will RNDR Token Bounce Back?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The Render Token constantly displayed a neutral trend, highlighting a decline in the buying and selling pressure in the market. Further, the Render price jumped approximately 8% within the past day, indicating a possible trend reversal for the token. 
The <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/">Render price</a> traded in a consolidated range between $4.146 and $4.631 for a period, after which the bulls gained momentum and the price surged. 
However, the rally was short-lived as the token faced rejection at $4.886, following which the price traded in a closed range between $4.631 and $4.886 for a while. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/TteiHt9eRhIyg743TOJFHGK5ZPIGNz9T616T5OyFajV33kWuZNpvyZzUcCAuImeC958a_Jg_2GkQN1JcAAPH3Wb934LyfPEgTjLZauGv28vyjq4saCtM-36ZKNNGNF8vN2VoUcJCEod0PT8KaOav_48" alt="Render Token Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: RNDR/USDT
 </figcaption>
</figure> 
After this, the bulls jumped approximately 12% in valuation. The RNDR price started trading under a bearish influence and erased all its gains. Following this, the price traded in a consolidated range between $4.407 and $4.886 for about a week. 
As the market lost momentum, the RNDR price recorded a correction of over 25% in valuation. The bulls quickly gained momentum, resulting in the price experiencing a jump of approximately 20%. 
Since then, the price has been trading in a consolidated range between $3.743 and $4.146, indicating a neutral trend in the crypto market.&nbsp; 
<h2 class="wp-block-heading" id="h-will-rndr-price-regain-value">Will RNDR Price Regain Value?</h2> 
The Moving Average Convergence Divergence (MACD) displays a rising histogram, indicating an increased buying pressure in the market. Further, averages show a constant rise, suggesting the price will continue gaining value in the coming days. 
If the bulls push the price above its key resistance level of $4.146, the RNDR price will test its upper resistance level of $4.407. Moreover, if the market holds the price at that level, the Render token will attempt to test its resistance level of $4.631. 
Negatively, if a trend reversal occurs, the price will lose momentum and fall to test its support level of $3.947. Further, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $3.743.

Render Price Struggles To Break Out Of Its Key Level! Will RNDR Token Bounce Back?

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