Convergence

Render

Rise

Divergence

The post <a href="https://coinpedia.org/price-analysis/render-price-hints-bullish-reversal-will-rndr-price-reclaim-5-soon/" rel="noopener noreferrer nofollow">Render Price Hints Bullish Reversal! Will RNDR Price Reclaim $5 Soon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The Render started the year in a very volatile state as the RNDR price experienced a jump of 13.5%, following which the volatility increased, resulting in it erasing all its gains from the price pump.
After trading sideways for a while, the <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/" rel="noopener noreferrer nofollow">RNDR price</a> experienced another correction of over 19% in valuation. Following this, the bulls constantly struggled to hold the price above the support level.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/1FFI6kZ3nPmGG-9Mx9--aaLD25fv6FUh0PWRv6_t3-KJGDCgSsA3wrLPz4F3vcLANX0Al0Nh_c_JkCYsSQB8HKJ6Xv9k9Nd-s6kyMJ6NQ3An0B6YbbQkm1c6jW5JLr23PJ34YcDgz4WWS4LYA_Sy9aI" alt="Render Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: RNDR/USDT
 </figcaption>
</figure>
After multiple attempts they lost momentum, resulting in a price drop. After testing its low of $3.457, the bulls regained momentum but faced rejection at $4.146.
The Render coin price then traded in a consolidated range between $3.743 and $4.146 for over two weeks. After multiple attempts, the bulls successfully managed to break out of their important t resistance level, resulting in a jump of approximately 24% in value.
Currently, the price is hovering close to its resistance/support level of $4.631, indicating a neutral sentiment in the crypto space.
<h2 class="wp-block-heading" id="h-will-rndr-price-rise-back-up">Will RNDR Price Rise Back Up?</h2>
The Moving Average Convergence Divergence (MACD) displays a constant green histogram, indicating a strong bullish influence in the market. Further, the averages show a constant rise, suggesting the price will continue gaining value in the coming time.
If the bulls hold the price above the support level of $4.631, the RNDR price will test its upper resistance level of $4.886 soon. If the bulls maintain the price at that level, it will attempt to test its upper resistance level of $5.177 this week.
Negatively, if the bears overpowered the bulls, the RNDR token would fall to test its support level of $4.407. Moreover, if the bears continue to hold power over the bulls, it will plunge and prepare to test its lower support level of $4.146.

Render Price Hints Bullish Reversal! Will RNDR Price Reclaim $5 Soon?

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