Token

Render

Millions

Force

<p>The price of <a href="https://captainaltcoin.com/render-token-rndr-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Render Token (RNDR)</a> has seen impressive growth over the last week, rising about 21% to trade around $6.09 at press time. This continues a strong upward price trend for RNDR, which has provided over 100% returns for investors year-to-date.</p>
<h3 class="wp-block-heading" id="driving-force-behind-growth">Driving Force Behind Growth</h3>
<p>RNDR recently broke out above an ascending price channel it had been confined within since mid-January (visible on the RNDR/USDT chart as blue trendlines). This technical breakout reflects growing bullish sentiment and new capital flowing into the project.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="518" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-725-1024x518.png" alt="" class="wp-image-440765" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-725-1024x518.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-725-300x152.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-725-767x388.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-725-1536x777.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-725-2048x1036.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-725-296x150.png 296w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-725-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-725-692x350.png 692w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-725-788x398.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-725.png 1407w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The 200-day moving average, an important long-term trend indicator, is now at $2.90 for RNDR. This shows the altcoin has experienced tremendous growth over the last 200 days. As the current price stands well above the 200 MA, the long-term outlook remains highly positive.</p>
<p>We reported <a href="https://captainaltcoin.com/whale-movements-hint-at-imminent-render-rndr-sell-off-amid-price-surge/" target="_blank" rel="noopener noreferrer nofollow">potential RNDR sell offs</a> yesterday, something traders should pay attention to.</p>
<h3 class="wp-block-heading" id="key-indicators">Key Indicators</h3>
<p>Despite a 2% pullback today, key indicators reflect strength behind the rally:</p>
<ul>
 <li>RSI (Relative Strength Index), a momentum oscillator, is holding support at 37 on the daily chart. RSI above 50 is generally considered bullish, so current levels indicate there is still room for additional upside.</li>
 <li>On the MACD (Moving Average Convergence Divergence), the MACD line is above the signal line. This positions RNDR for continued gains ahead as bullish momentum prevails.</li>
</ul>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>The next major resistance area for RNDR stands around $7, its all-time high from November 2021. If the altcoin can break past that level, new highs for the year look very achievable given current market conditions.</p>
<p>In summary, RNDR’s impressive gains over the last week reflect improving sentiment and bullish technical alignments. Key indicators continue positioning the project for additional upside, especially if RNDR can break its previous ATH at $7 in the days ahead.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/kaspas-kas-token-soars-to-new-heights-surpassing-cosmos-atom-and-theta-tao/" target="_blank" rel="noopener noreferrer nofollow">Kaspa’s KAS Token Soars to New Heights, Surpassing Cosmos (ATOM) and Theta (TAO)</a></li>
 <li><a href="https://captainaltcoin.com/filecoin-fil-eyes-tripling-to-25-as-technicals-turn-bullish-and-solana-partnership-catalyzes-growth/" target="_blank" rel="noopener noreferrer nofollow">Filecoin (FIL) Eyes Tripling to $25 as Technicals Turn Bullish and Solana Partnership Catalyzes Growth</a></li>
 <li><a href="https://captainaltcoin.com/the-5-best-altcoins-to-watch-in-february-2024-which-altcoin-will-explode-in-2024/" target="_blank" rel="noopener noreferrer nofollow">The 5 Best Altcoins to Watch in February 2024: Which Altcoin Will Explode in 2024?</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" 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-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </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/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-render-token-rndr-price-up-21-within-a-week/" rel="noopener noreferrer nofollow">Why Is Render Token (RNDR) Price Up 21% Within a Week?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is Render Token (RNDR) Price Up 21% Within a Week?

Table of Contents

CaptainAltcoin

Other articles published on Feb 20, 2024

UK government aims to pass crypto regulation ahead of the general election

How to Recover Funds From Wrong Deposits at Binance

Ripple vs. SEC Climax: Key Date Shifted, Settlement Looms as Deadline Nears

Crypto Regulations On The Horizon: UK Prepares To Release New Laws In 6 Months

Top 5 Crypto Gaming Tokens that Could 50x in 2024

Bitcoin futures open interest near ‘alarm raising’ $24B level — Are bulls at risk?

Join our free newsletter for daily crypto updates!