Render

Internet Computer

Aptos

AI Crypto

<p>Render’s native cryptocurrency RNDR has been one of the top performers in the crypto market recently, with its price surging by nearly 50% over the last seven days.</p>
<p>At press time, RNDR is trading around $10.5, up 6% in the last 24 hours. This impressive rally can be attributed to the broader market recovery, particularly in cryptocurrencies associated with artificial intelligence (AI) projects.</p>
<p>As D0c Crypto, an analyst with over 11,000 followers on X (formerly Twitter), <a href="https://x.com/TheRealD0c/status/1787828583286620460" target="_blank" rel="noopener noreferrer nofollow">stated</a> in a recent tweet,<em> “If $RNDR can break $10.32, nothing will stop $RNDR from heading towards $13.16.” </em></p>
<p>According to the analyst, for RNDR to reach a new all-time high, the resistance zone between $10.32 and $10.55 must first turn into support. This could be achieved with a daily close above $10.32, paving the way for RNDR to test the final resistance at $13.16.</p>
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<p>D0c Crypto further elaborated, <em>“Once $RNDR breaks the last resistance and hits a new all-time high, it will be back in price discovery.”</em></p>
<p>The analyst also highlighted the upcoming AI rally expected between May 22 and June 10, during which RNDR, being a top AI coin, could potentially reach prices between $22 and $42, according to Fibonacci levels. However, this bullish scenario relies on the overall market conditions remaining favorable or at least neutral.</p>
<p>The recent surge in RNDR’s price is part of a broader trend where native cryptocurrencies of blockchain projects utilizing AI have led the crypto market recovery. This rally has been accompanied by a surge in the stock price of Nvidia (NVDA), a Nasdaq-listed chipmaker widely considered the poster child for AI technology.</p>
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<p>In conclusion, Render’s RNDR token has been one of the standout performers in the cryptocurrency market, driven by the increasing interest in AI-related projects and the overall market recovery. As the AI narrative continues to gain traction, RNDR could potentially reach new all-time highs, provided the market conditions remain supportive.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/top-7-token-unlocks-this-week-including-aptos-apt-and-internet-computer-icp/" target="_blank" rel="noopener noreferrer nofollow">Top 7 Token Unlocks This Week, Including Aptos (APT) And Internet Computer (ICP)</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/why-is-render-rndr-price-up-ai-crypto-rallies/" rel="noopener noreferrer nofollow">Why is Render (RNDR) Price Up? AI Crypto Rallies</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Render (RNDR) Price Up? AI Crypto Rallies

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