Render

<p><strong>RNDR surged by 13.41% in the last seven days after weeks of consolidation, leaving analysts optimistic about a rally up to $30 by August.</strong></p><h2 id="header-0">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/53ec31d686a84710a724db92663b54e9.png" /></p><p>After weeks of decline, Bitcoin (BTC) began to recover, gaining 1.68% in the past seven days and 3.68% in the last 24 hours, trading at $63k at press time. This recovery is good news for altcoins, which have also started to see gains. Among them, Render (RNDR) has benefited from the altcoin market’s rebound.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/7e7e82444e37479f8350a87ef5ddf25c.png" /></p><h3 id="rndr-s-recent-surge-sparks-optimism-among-analysts">RNDR’s Recent Surge Sparks Optimism Among Analysts</h3><p>In the last seven days, RNDR surged by 13.41% and jumped 8.65% over the past day. RNDR’s trading volume rose by 101.13% to $124.4 million in the same period. According to CoinMarketCap, RNDR’s market cap has risen 8.63% to $3.03 billion. These recent gains have turned market sentiment optimistic, with analysts starting to predict a sustained uptrend.</p><p>A well-known crypto analyst and RNDR investor, &#64;RENDER_DADDY, is anticipating a bull run for RNDR after its recovery. On X (<a href="https://cryptosheadlines.com/elon-musk-x-formerly-twitter-to-charge-small-monthly-fee/" rel="noopener noreferrer nofollow">formerly Twitter</a>), he shared, “$RNDR might be at $10 by the end of the week.” He further added, “$RNDR did nearly a 5x from $3 in January this year to March, which took less than 3 months. The <a href="https://cryptosheadlines.com/chainlink-price-surges-6-with-triangle-breakout-15-next-target/" rel="noopener noreferrer nofollow">next target</a> by August is $30 to $40. Keep waiting for $5—good luck.”</p><p>According to this analyst, using RNDR’s historical performance, we can predict its future; thus, after the consolidation phase, the run is likely to repeat history.</p><h2 id="header-1">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/53ec31d686a84710a724db92663b54e9.png" /></p><h3 id="rndr-s-indicators-point-to-continued-uptrend">RNDR’s Indicators Point to Continued Uptrend</h3><p>In the last seven days, RNDR’s Money Flow <a href="https://cryptosheadlines.com/xrp-greed-index-surges-with-1-3-billion-volume-bullish-sign/" rel="noopener noreferrer nofollow">Index surged</a> from a low of 37 to 55 at press time. This continuous rise indicates increasing buying pressure and a continuation of the uptrend.</p><p><a href="https://cryptosheadlines.com/dogwifhat-wif-outperforms-doge-shib-and-pepe/" rel="noopener noreferrer nofollow">Also Read:   Dogwifhat (WIF) Outperforms DOGE- SHIB and PEPE</a></p><p>Additionally, the Moving Average Convergence Divergence (MACD) indicated an uptrend. At press time, the MACD line was above the signal line, <a href="https://cryptosheadlines.com/litecoins-rsi-signals-bullish-trend/" rel="noopener noreferrer nofollow">signaling a bullish trend</a> and suggesting that prices were positioned to rise. The histogram was also above zero at 0.925, another bullish sign.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/7e7e82444e37479f8350a87ef5ddf25c.png" /></p><p>An analysis by Santiment indicated a declining exchange inflow in the last seven days, dropping from a high of $1.05 million to a low of $17.3k. Declining <a href="https://cryptosheadlines.com/crypto-exchange-ceo-sells-personal-stock-exchange-warning-from-investor-peter-brandt/" rel="noopener noreferrer nofollow">exchange inflow means fewer investors are transferring their crypto</a> to sell, reducing selling pressure and supporting higher altcoin prices.</p><p>Finally, according to IntoTheBlock, 53% of holders were profitable at press time, which has increased investor optimism. Additionally, a 78% accumulation by large holders showed that investors had confidence in the altcoin’s trend.</p><h3 id="rndr-s-price-outlook-potential-resistance-and-support-levels">RNDR’s Price Outlook: Potential Resistance and Support Levels</h3><p>At press time, RNDR was trading at $7.84. If the current positive trends are maintained, the altcoin is expected to breach the resistance level of around $7.94.</p><p>A breakout from this zone will likely challenge the next resistance level at $8.42 in the short term. With a very strong demand zone around $6.83, any price correction will likely see a decline to a critical support level at $7.30.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/f7cfc4bd776c40d19b94d308db47de5b.png" /></p><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p>

RNDR’s 13.41% Jump Could Lead to $30 AI Token by August

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