Recent technical analyses show that Render (RENDER) is forming a bullish divergence, which may lead to a significant price increase in the coming days.
Bullish Divergence Confirmed
Render (RENDER) has confirmed a bullish divergence on the 3-day chart, indicating strong upside potential. According to analyst JAVONMARKS, while the price made lower lows, the volume was accumulating, creating higher lows, signaling quiet accumulation during weakness.
Above 50-Day EMA
Render (RENDER) has broken above its 50-day Exponential Moving Average (EMA), confirming a positive short-term outlook. The latest trend from $2.70 to $4.40 shows a series of higher highs and higher lows, a traditional indicator of a bullish trend. Furthermore, the MACD indicator currently shows favorable conditions, although it indicates a need for renewed momentum for a strong breakout.
Render Market Overview
As of writing, Render (RENDER) is trading at $4.39 with a 24-hour trading volume of $223.7 million. The price reflects a 2.48% dip over the past 24 hours but shows an 8.21% gain over the past week. If Render surpasses the current resistance, projections suggest a rally between 120% and 150%, reaching $10 to $11.
Technical analysis indicates that Render (RENDER) has potential for significant growth if current market conditions persist. The confirmed bullish divergence and positive volume dynamics support this optimistic forecast.
