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The post <a href="https://coinpedia.org/price-analysis/rndr-bulls-could-not-break-10-6-level-is-this-a-reversal/">RNDR Bulls Could Not Break $10.6 Level, Is This A Reversal?&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
<a href="https://markets.coinpedia.org/render-token/" target="_blank" rel="noreferrer noopener">Render Token</a>, the popular AI Coins category is in the spotlight 40% up in weekly charts and currently trading at $10.11 with a marketcap of 3.9 Billion USD. This surge is today the talk of crypto markets, a report revealed from Santimnet shows a significant increase in the discussion of AI &amp; Big data projects, with <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction/" target="_blank" rel="noreferrer noopener">RNDR</a> tokens having a share of 11%. 
This hype is a result of increased whale activity towards the accumulation of Render Tokens. A report published on Lookonchain shows whales’ involvement on withdrawing RNDR tokens from Binance and other exchanges. Interestingly, these whale addresses hold a history of gains up to $35 million with a win ratio of 85%.&nbsp; 
<h2 class="wp-block-heading" id="h-the-bulls-seem-tired-now-but-hold-momentum">The Bulls Seem Tired Now, But Hold Momentum</h2> 
RNDR despite being a weekly high, it broke out today after hitting $10.6 and saw a downtick to 5.86% in 24 hours. An ascending trajectory and an upward channel formed with a volatility of 6.7%. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="465" src="https://image.coinpedia.org/wp-content/uploads/2024/05/08194705/pasted-image-0-34-1024x465.png" alt="" class="wp-image-299250" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/08194705/pasted-image-0-34-1024x465.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/08194705/pasted-image-0-34-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/08194705/pasted-image-0-34-768x349.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/08194705/pasted-image-0-34-1536x698.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/08194705/pasted-image-0-34-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/05/08194705/pasted-image-0-34.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
The 4-hour chart of RNDR/USDT can be seen showing an upward channel breakout to the ascending trajectory. The Peoce is already hovering around crucial support of $9.89 a dip from here can pull down the assert to a low of $8 to $9. The RSI at 54 will push the bulls slightly more and enter a neutral state.&nbsp; 
If the RNDR manages to rebound and break the $10.5 mark it would signal continued bullish momentum and the price would retest a new resistance at the $11.4 mark. Resistance beyond will rally to test the ATH at $13.60 which happened in March 2024. 
Traders, Watch out for a 200 SMA, Standing too low at $5.95 is, but the other moving averages also show a bullish dial. 
Also Check Out: <a href="https://coinpedia.org/price-analysis/altcoins-show-strength-while-bitcoin-stuck-within-a-range-wld-near-rndr-price-close-to-triggering-a-fresh-upswing/">Altcoins Show Strength While Bitcoin Stuck Within A Range: WLD, NEAR &amp; RNDR Price Close to Triggering a Fresh Upswing</a>

RNDR Bulls Could Not Break $10.6 Level, Is This A Reversal?

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