Token

Render

Artificial Intelligence

<p>The post <a href="https://coinpedia.org/price-analysis/render-token-jumps-34-this-week-rndr-price-to-achieve-a-new-ath-in-may/" rel="noopener noreferrer nofollow">Render Token Jumps 34% This Week! RNDR Price To Achieve A New ATH In May?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Despite increased price fluctuations in the crypto industry, the Artificial Intelligence (AI) category continues to display a strong bullish price action by adding significant valuation to their respective portfolios.</p>
<p>Moreover, the Render (RNDR) token has added approximately 3% within the past day and 33.72% over the past seven days. Furthermore, the Year-to-Date (YTD) return stands at 119.28%, indicating a positive outlook for the altcoin in the coming time.</p>
<h2 class="wp-block-heading" id="h-rndr-token-on-the-verge-of-a-major-breakout">RNDR Token On The Verge Of A Major Breakout:</h2>
<p>As the hype for AI tokens gained traction, the <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/" rel="noopener noreferrer nofollow">Render price</a> regained momentum after displaying a neutral trend for the first month of 2024. The RNDR token jumped approximately 285%, resulting in this AI token recording a new all-time high (ATH) of $13.840 on 17th March.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/krxGEkIqfXJmnPSWS0tkBOM9B_vSvmJu-RaxQr6zrxLLmDW_4Eg9AJFXJEbb6IVnmxoN617jcrt5Mh24ABRXPAmQxEDBxBNl37rgCKvo1MWjIZEmmfzS1aaypGLLYOC1fVJ8cvvSuyl-LJvHi21AKxM" alt="RNDR Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: RNDR/USDT
 </figcaption>
</figure>
<p>Following this, the bulls lost momentum and recorded a correction of 48.69% in its portfolio. Furthermore, the <a href="https://markets.coinpedia.org/render-token/" rel="noopener noreferrer nofollow">RNDR price</a> has formed a symmetric triangle in the 1D time frame and is on the verge of testing for a breakout, the outcome of which is unpredictable.</p>
<p>The Relative Strength Index (RSI) displays a significant rise in the chart, indicating increased buying sentiment within the crypto space. Moreover, the averages show a bullish increase, suggesting the price will continue gaining value in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-render-price-go-up">Will Render Price Go Up?</h2>
<p>If the market breaks out of the resistance trendline, the bulls will continue trading under a bullish influence and test its resistance level of $11.325. Maintaining the price at that level will set the stage for the RNDR token to attempt to test its upper resistance level of $13.840 this month.</p>
<p>Conversely, if a bearish trend reversal occurs, the Render price will lose momentum and test its support level of $8.985. Furthermore, if the bears continue to dominate the market, it will plunge and fall to test its crucial support level of $7.100.</p>

Render Token Jumps 34% This Week! RNDR Price To Achieve A New ATH In May?

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