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

Innehållsförteckning

CryptosHeadlines.com

Andra artiklar publicerade 2 juli 2024

Ethereum at $10,000? Here’s how the first spot ETH ETF could make it happen

Binance Champions MiCA-Compliant USDC in European Crypto Market

Brett Price Prediction: Is a NEW All-Time High Coming Soon?

FusionLots Stands as the Ultimate Trading Partner

Bahamas to Mandate Banks to Support Digital Currency

Binance Adjusts Operations in Turkey to Comply with Regulatory Requirement

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!