Render

<div class="finbold">
 <p class="paragraph">With the majority of assets in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency sector slowing down and consolidating their gains from previous weeks, Render (RNDR) is no different, but the current dip could represent a good opportunity to accumulate some of the ‘Nvidia of <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>.’</p>
 <p class="paragraph">As it happens, a buy zone for the decentralized GPU rendering platform that allows users to rent out their idle processing power to artists and creators in need of it stands between $7 and $10, according to the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> trading <a rel="noopener noreferrer nofollow" title="expert" href="https://thebittimes.com/tag/expert.html">expert</a> Michaël van de Poppe in an X post on April 1.</p>
 <figure class="wp-block-image"><img decoding="async" width="796" height="415" src="https://cdn.thebittimes.com/images/2024/04/03/3a8574189a8c9efd7b0727541fec589a.webp" alt="RNDR price action analysis" class="wp-image-166049" srcset="https://cdn.thebittimes.com/images/2024/04/03/3a8574189a8c9efd7b0727541fec589a.webp 796w, https://cdn.thebittimes.com/images/2024/04/03/3a8574189a8c9efd7b0727541fec589a.webp 300w, https://cdn.thebittimes.com/images/2024/04/03/3a8574189a8c9efd7b0727541fec589a.webp 768w" sizes="(max-width: 796px) 100vw, 796px">
  <figcaption class="wp-element-caption"><em>RNDR price action analysis. Source: </em><em>Michaël van de Poppe</em>
  </figcaption>
 </figure>
 <p class="paragraph">According to the analyst’s observations, Render is a “massive project and has yielded a large return,” therefore he was eyeing the above price range for buying into the asset, which at the time represented a 40-50% correction, adding that he wasn’t sure he’ll get the chance, “but if I do, I’ll take it.”</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">It is also worth pointing out that another renowned crypto analyst, Matthew Hyland, has noted that the artificial intelligence (AI) token is now targeting its prior support levels, which it has converted into resistance barriers, so RNDR might not stay in the buying zone for long.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="800" height="706" src="https://cdn.thebittimes.com/images/2024/04/03/9a53e5c5b5b138c50c92bb15029aad19.webp" alt="RNDR token price action analysis" class="wp-image-166052" srcset="https://cdn.thebittimes.com/images/2024/04/03/9a53e5c5b5b138c50c92bb15029aad19.webp 800w, https://cdn.thebittimes.com/images/2024/04/03/9a53e5c5b5b138c50c92bb15029aad19.webp 300w, https://cdn.thebittimes.com/images/2024/04/03/9a53e5c5b5b138c50c92bb15029aad19.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>RNDR token price action analysis. Source: </em><em>Matthew Hyland</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-rndr-price-analysis">RNDR price analysis</h2>
 <p class="paragraph">Indeed, Render was at that time trading at a price of $10.67, declining from the top of $14 it recorded in late March, and $7 would represent a 50% decrease from that peak. At the moment, RNRD is changing hands at $9.43, placing this crypto asset right below the upper limit of van de Poppe’s range.</p>
 <p class="paragraph">At the same time, RNDR <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>’s current price represents an increase of 2.26% in the last 24 hours, an 18.27% loss across the previous seven days, and a 21.27% advance on its monthly chart, according to the most recent information retrieved by Finbold on April 3.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1200" height="800" src="https://cdn.thebittimes.com/images/2024/04/03/9a48d86d72be04aa445971f1a5a5b4f0.webp" alt="RNDR token price 30-day chart" class="wp-image-166047" srcset="https://cdn.thebittimes.com/images/2024/04/03/9a48d86d72be04aa445971f1a5a5b4f0.webp 1200w, https://cdn.thebittimes.com/images/2024/04/03/9a48d86d72be04aa445971f1a5a5b4f0.webp 300w, https://cdn.thebittimes.com/images/2024/04/03/9a48d86d72be04aa445971f1a5a5b4f0.webp 1024w, https://cdn.thebittimes.com/images/2024/04/03/9a48d86d72be04aa445971f1a5a5b4f0.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px">
  <figcaption class="wp-element-caption"><em>RNDR token price 30-day chart. Source: </em><em>CoinMarketCap</em>
  </figcaption>
 </figure>
 <p class="paragraph">All things considered, now might be a good time to purchase the RNDR <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> at a low price before it reverses the trend and returns above its buying zone. However, things in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> sector can often take unexpected turns, so doing one’s own research and weighing the risks is critical before investing.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-expert-eyes-buy-zone-for-nvidia-of-crypto-ai-token-tbt84346.html">https://thebittimes.com/crypto-expert-eyes-buy-zone-for-nvidia-of-crypto-ai-token-tbt84346.html</a></p>

Crypto expert eyes buy zone for ‘Nvidia of crypto’ AI token

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