Render

bullish

2024

Resistance

<p>Render (RNDR) price is on the rise and its current price is $7.731 after a 0.85% increase intraday. The token has gone above crucial downtrend line resistance signaling bulls control in the market.</p><p>Market analyst Cryptodoc_ has even higher expectations for further appreciation, with long-term targets that could soar as high as $25 by 2025.</p><h2 class="wp-block-heading" id="h-key-breakout-from-downtrend-resistance"><strong>Key Breakout from Downtrend Resistance</strong></h2><p>The chart presents a clear breakout from a descending resistance line, which has been controlling the RNDR price since April.</p><figure class="wp-block-image size-large"><img width="1024" height="444" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImagerE0MbS-1024x444.jpg" alt="RNDR/USDT | SourceX" class="wp-image-842299"><figcaption class="wp-element-caption"> RNDR/USDT | SourceX </figcaption></figure><p>This breakout as observed by Cryptodoc_ indicates the change of trend from the bearish territory to the bullish one. RNDR has managed to maintain its price above the key $7.50–$7.70 level, which indicates its potential to increase.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p>Once <a href="https://twitter.com/search?q=%24RENDER&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$RENDER</a> breakout and retest 8$<br>It will teleport to higher targets.<br><br>Currently at a support according to 4Hr chart.<br>I have shared about this since 0.7$ <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley"><br>We rode all the way to 13$ and secured profits at 19X <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/270d.png" alt="✍" class="wp-smiley"><br><br>I'm hoping this will easily cross 25+ in the long run. <a href="https://t.co/ddCjpHqnOb" rel="noopener noreferrer nofollow">pic.twitter.com/ddCjpHqnOb</a></p>— CryptoDoc (Gem Hunter <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f48e.png" alt="💎" class="wp-smiley">) (@cryptodoc_) <a href="https://twitter.com/cryptodoc_/status/1858825650569928889?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 19, 2024</a></blockquote></div></figure><p>The breakout correlates with higher trading volume usually observed during trends’ reversals and strengthens the bulls’ argument. Experts believe that Render price needs to hold above $7.50-$7.70, while a breakout through $8.00 would define its next upward movement.</p><h2 class="wp-block-heading" id="h-render-price-key-levels-to-watch-support-and-resistance"><strong>Render Price Key Levels to Watch: Support and Resistance</strong></h2><p>The first support for&nbsp;<a href="https://www.thecoinrepublic.com/2024/08/13/render-rndr-price-in-bearish-water-more-losses-to-come/" rel="noopener noreferrer nofollow">RNDR</a>&nbsp;can be seen at $7.50-$7.70, which is an important level for the bulls to hold on to in order to maintain an upward trend.</p><p>The next level of support if the Render price descends below SMA is $6.50-$7.00, where buyers are likely to emerge from and support the price up. Another deeper support is the 20-day SMA at $5.86.</p><p>The first potential resistance area is the $8.00 level, a psychologically significant point and the upper Bollinger Band. Such a breakout above this level will push RNDR toward medium-term levels at $10.00 and $13.00 in line with previous levels of price action.</p><p>AMCryptoAlex predicts that RNDR can sustain its upward trend and test $20 by February 2025 only if these resistance levels are cleared.</p><h2 class="wp-block-heading" id="h-bullish-momentum-reflected-in-indicators"><strong>Bullish Momentum Reflected in Indicators</strong></h2><p>Render price is trending near the upper Bollinger Band at $8.27, highlighting overbought conditions. However, sustained bullish momentum suggests buyers remain firmly in control.</p><figure class="wp-block-image size-large"><img width="1024" height="599" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImageg4rsZi-1024x599.jpg" alt="1-day RNDR trading chart| Source: TradingView" class="wp-image-842304"><figcaption class="wp-element-caption"> 1-day RNDR trading chart| Source: TradingView </figcaption></figure><p>The RSI at 73.65 reinforces this sentiment, although it also warns of potential short-term consolidation. The bullish breakout has been supported by increasing volume, a typical indicator of trend reversals.</p><p>Analysts emphasize that further upward movement depends on consistent volume during retests of critical resistance levels, particularly the $8.00 zone.</p><h2 class="wp-block-heading" id="h-scenarios-for-render-price-trajectory"><strong>Scenarios for Render Price Trajectory</strong></h2><p>A sustained breakout above $8.00 would confirm bullish continuation, targeting $10.00 in the short term. Further momentum could push RNDR toward $13.00 and, in the long term, potentially $25, as projected by Cryptodoc_. The bullish structure would remain intact as long as RNDR holds above the $7.50–$7.70 support zone.</p><p>If RNDR fails to hold the $7.50–$7.70 support, it could retrace to $6.50–$7.00, where strong buying activity is expected. A breakdown below $6.50 would invalidate the bullish setup and potentially signal a return to a consolidation phase.</p><h2 class="wp-block-heading" id="h-analysts-agree-on-long-term-bullish-outlook"><strong>Analysts Agree on Long-Term Bullish Outlook</strong></h2><p>In addition to Cryptodoc_, analyst AMCryptoAlex highlights that Render price has completed a four-month accumulation phase, transitioning into an expansion phase.</p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><p><a href="https://twitter.com/search?q=%24RENDER&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$RENDER</a> breakout and retest have happened.&nbsp;<br>&nbsp;<br>Its 4-month accumulation phase is also over, which marks the beginning of the expansion phase.&nbsp;<br>&nbsp;<br>RENDER to $20 by Feb 2025 is programmed. <a href="https://t.co/bGqmKgJqpf" rel="noopener noreferrer nofollow">pic.twitter.com/bGqmKgJqpf</a></p>— AMCrypto (@AMCryptoAlex) <a href="https://twitter.com/AMCryptoAlex/status/1858819003592175641?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 19, 2024</a></blockquote></div></figure><p>This marks the beginning of a sustained uptrend, with projections of RNDR reaching $20 by early 2025.</p><p>The post <a href="https://www.thecoinrepublic.com/2024/11/20/render-rndr-price-eyes-10-after-breaking-key-resistance/" rel="noopener noreferrer nofollow">Render (RNDR) Price Eyes $10 After Breaking Key Resistance&nbsp;</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Render (RNDR) Price Eyes $10 After Breaking Key Resistance

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