Render

Dragon

April

Render (RNDR), the cloud-based rendering network, is stirring excitement in the crypto market with technical indicators and analyst predictions hinting at a substantial price surge in the coming weeks or months. 
<h2 data-sourcepos="7:1-7:44" id="strong-render-breaks-free-from-technical-chains-strong">Render Breaks Free From Technical Chains</h2> 
Technical analysis paints a bullish picture for <a href="https://www.coingecko.com/en/coins/render" target="_blank" rel="noopener nofollow">RNDR</a>. The token has recently broken out of a bullish technical pattern known as the Dragon Pattern, also referred to as the supply line. This breakout historically signifies a potential shift in momentum, with prices likely to trend upwards. 
Adding fuel to the fire, analysts are observing the formation of Three Rising Valleys on RNDR’s chart. This pattern suggests a potential market bottom has been established, indicating a reversal from previous downward trends. 
Furthermore, a bullish divergence on the four-hour chart hints at weakening selling pressure. In simpler terms, sellers are struggling to push prices down, failing to break below previous lows. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/search?q=%24RENDER&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$RENDER</a> – It’s looking bullish in my opinion. 
 Here is why <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 • Dragon pattern aka the supply line which broke out already. 
 • Potential 3 rising valleys in the making while we established a potential bottom. 
 • 4 hour bullish divergence which means that sellers had a hard… <a href="https://t.co/jMBzXWyG81" rel="nofollow">pic.twitter.com/jMBzXWyG81</a> 
 — Doji <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f977.png" alt="🥷" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@SatsDoji) <a href="https://twitter.com/SatsDoji/status/1783622683181154597?ref_src=twsrc%5Etfw" rel="nofollow">April 25, 2024</a>
</blockquote> 
DoJi, a prominent crypto analyst, sees these technical indicators as a recipe for a price surge. Based on his analysis of the Three Rising Valleys, DoJi has set a price target of around $13 for RNDR. He even goes as far as suggesting a price explosion beyond $20 if historical price movements repeat themselves. 
According to DoJi, surpassing a key resistance level of $9.20 could be the catalyst that ignites this bullish momentum. 
<h2 data-sourcepos="13:1-13:432" id="strong-rndr-up-250-in-6-months-but-can-it-break-resistance-strong">RNDR Up 250% In 6 Months – But Can It Break Resistance?</h2> 
In the previous half-year, RNDR’s value rose by an astounding 250%. The pattern of impulsive and corrective moves in the price fluctuation points to a turbulent market. 
Forecasting the price trajectory of RNDR in the future offers both cautious and optimistic options. There is expected to be resistance at $10.90 and a larger barrier at $13.30. 
If the price drops, $6.18 or even lower, $3.79, may provide support. RNDR network adoption rate and general market trends could drive price fluctuations, but long-term indications like the 100-day average point to a possible stabilization around $8.92. 
<img loading="lazy" decoding="async" class="aligncenter size-full" src="https://www.tradingview.com/x/mE0ZdBgI/" width="2475" height="1163"> Analyst Chimes In With Optimistic Predictions 
Meanwhile, DoJi isn’t the only crypto expert bullish on RNDR. Inspector Crypto, another well-respected analyst, has identified a bullish Inverse Head and Shoulders Pattern on RNDR’s chart. This pattern typically precedes a price increase, and Inspector Crypto has projected a target range of $14-$16 for RNDR based on this pattern. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/search?q=%24RNDR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow">$RNDR</a> | Inverse Head and Shoulders pattern target: $14-$16<a href="https://twitter.com/hashtag/RENDER?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#RENDER</a> <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#Solana</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/AltCoinSeason2024?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#AltCoinSeason2024</a> <a href="https://twitter.com/hashtag/Bullrun2024?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#Bullrun2024</a> <a href="https://twitter.com/hashtag/ADA?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#ADA</a> <a href="https://twitter.com/hashtag/Xrp?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#Xrp</a> <a href="https://twitter.com/hashtag/AKT?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#AKT</a> <a href="https://t.co/VRO8gcTAiH" rel="nofollow">pic.twitter.com/VRO8gcTAiH</a> 
 — Inspector Crypto<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f575-1f3fb-200d-2642-fe0f.png" alt="🕵🏻‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@1nspector_G) <a href="https://twitter.com/1nspector_G/status/1783857633746677768?ref_src=twsrc%5Etfw" rel="nofollow">April 26, 2024</a>
</blockquote> 
The combined optimism from DoJi and Inspector Crypto reflects a broader sentiment of anticipation surrounding RNDR. While the token has experienced a slight dip in price recently, many analysts are closely monitoring its performance, waiting for the upswing signal. 
Featured image from Pexels, chart from TradingView

Render Revving Up: Analyst Predicts Potential Climb To $16

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