Render

Momentum

Sherpa

Million

<ul class="list-ic vertical">
 <li><span>1</span> <a>Render token (RNDR) has registered the symmetrical triangle pattern on the charts.</a></li>
 <li><span>2</span> <a>The RNDR price has made its breakout retest pattern and sustained its gains at the 20-day EMA mark.</a></li>
</ul>
<p>The <strong>Render token (RNDR)</strong> signifies bullish sentiment and replicates bull accumulation this week. Amidst the bearish sentiments in the crypto market, the RNDR token has surged over 44% this month.</p>
<p>Since the beginning of this month, the token has had <strong>bullish momentum </strong>and replicated <strong>higher high swings</strong> on the charts.&nbsp;</p>
<p>At press time, the <strong>Render token (RNDR) price</strong> traded at $9.92 with an intraday drop of 1.20%, reflecting neutrality on the charts. It has a monthly return ratio of 19.30% and 314.30% yearly.</p>
<p>The pair of RNDR/BTC is at 0.000148 BTC, and the market cap is $5.30 Billion. Analysts are bullish and suggest that the <strong>RNDR price </strong>will continue to outperform and might reach the $13 mark soon.</p>
<h2 class="wp-block-heading" id="strong-can-render-rndr-spread-up-move-toward-13-mark-strong"><strong>Can Render (RNDR) Spread Up Move Toward $13 Mark?</strong></h2>
<p>Per the TradingView data, the <strong><a href="https://www.thecoinrepublic.com/2023/10/18/render-token-rndr-price-initiates-recovery-heading-towards-2/" target="_blank" rel="noopener noreferrer nofollow">RNDR token price</a></strong> has reverted from the upward trendline support mark of $7 and registered a symmetrical triangle pattern in the last sessions.</p>
<p>In addition, the <strong>Render token</strong> might retest its 52-week high mark of $13 and may spread the bullish wave in the following sessions.</p> 
<p><a href="https://www.tradingview.com/chart/RNDRUSDT/uyEX3IoB-RNDR-Token/" rel="noopener noreferrer nofollow"></a><a href="https://www.tradingview.com/u/TheCoinRepublic/" rel="noopener noreferrer nofollow"></a><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<p class="has-text-align-center"><br>Source: TradingView</p>
<p>The Momentum Indicator (<strong>RSI</strong>) curve stayed in the overbought zone, but a negative crossover was noted on the charts. The Intraday trading volume dropped over 25.83% to $191.20 Million, and signifies neutral price movement throughout the trading session.</p>
<h3 class="wp-block-heading" id="strong-could-positive-development-activity-rallies-rndr-price-strong"><strong>Could Positive Development Activity Rallies RNDR Price?</strong></h3>
<p>The <strong>Render token (RNDR)</strong> has displayed a consistent up move in the development activity for weeks. Its value reached the <strong>ATH </strong>mark of 0.286, representing the <strong>bullish sentiment.</strong></p> <iframe loading="lazy" title="Santiment Chart: Social Volume (RNDR), Development Activity (RNDR)" width="1170" height="450" src="https://embed.santiment.net/chart?ps=ondo-finance&amp;pt=ONDO&amp;df=2023-11-18T18%3A29%3A59.776Z&amp;dt=2024-05-18T18%3A29%3A59.776Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_volume_total%3Brender%3BRNDR%5D%3B%5B1%3Bdev_activity%3Brender%3BRNDR%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p class="has-text-align-center">Source: Santiment</p>
<p>Similarly, the decent popularity of the Render token on social platforms and significant discussion reports were noted. However, the weekly social volume data highlighted flat movement and stayed close to 16.</p>
<p>Render (RNDR) token is all set to list its pair on the BTC market on May 21st. It might boost its liquidity and the price in the coming weeks.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4e2.png" alt="📢" class="wp-smiley" style="height: 1em; max-height: 1em;">Render (RNDR) is coming to BTC Markets! <a href="https://twitter.com/rendernetwork?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@rendernetwork</a><br><br>Read more about Render (RNDR) on our blog: <a href="https://t.co/lcxqVSqCus" rel="noopener noreferrer nofollow">https://t.co/lcxqVSqCus</a><a href="https://twitter.com/hashtag/RNDR?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#RNDR</a> <a href="https://twitter.com/hashtag/BTCMarkets?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCMarkets</a> <a href="https://twitter.com/hashtag/cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#cryptocurrency</a> <a href="https://twitter.com/hashtag/trading?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#trading</a> <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> <a href="https://t.co/2MvEpWPbvf" rel="noopener noreferrer nofollow">pic.twitter.com/2MvEpWPbvf</a></p>— BTC Markets (@BTCMarkets) <a href="https://twitter.com/BTCMarkets/status/1788431504432824506?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 9, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p class="has-text-align-center">Source: Twitter</p>
<h3 class="wp-block-heading" id="strong-what-does-analyst-see-in-render-rndr-crypto-strong"><strong>What Does Analyst See In Render (RNDR) Crypto?</strong></h3>
<p>In a recent tweet by <strong>Altcoin Sherpa,</strong> he says that the RNDR token price might hold the current price level and will possibly reach the $10 mark soon. It has retested the breakout region and might continue to stretch the up move by delivering the higher high swings in the next sessions.</p>
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24RNDR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$RNDR</a>: Expecting this area to hold, $10 is a bargain. Expecting much higher prices in the coming months, I'm in this again <a href="https://t.co/XzE5h7qABq" rel="noopener noreferrer nofollow">pic.twitter.com/XzE5h7qABq</a></p>— Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1791530579768365085?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 17, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
<p class="has-text-align-center">Source: Twitter</p>
<h3 class="wp-block-heading" id="strong-futures-derivative-data-remained-flat-strong"><strong>Futures Derivative Data Remained Flat</strong></h3>
<p>The futures derivative data activity remained flat after no significant change in the intraday price.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="228" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-232-1024x228.png" alt="" class="wp-image-206075" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-232-1024x228.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-232-300x67.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-232-768x171.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-232-750x167.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-232-1140x254.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-232.png 1441w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
<p class="has-text-align-center">Source: CoinGlass</p>
<p>The open interest activity showed a minor change of 0.10% to $185.86 Million in the last 24 hrs.</p>
<p>The immediate support levels for the <strong>Render (RNDR) token</strong> are $9.50 and $9, whereas the key upside hurdle is around $10.30, followed by $11</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>The <strong>Render token (RNDR)</strong> trades in a bullish bias and has decisively sustained above the 20-day EMA mark. Meanwhile, the bull army looked strong and had an edge.</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

Render (RNDR) Price Prediction: Can RNDR Top The Cluster Of $12?

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