The Render token (RNDR) price has seen a significant rise, reclaiming the $8 mark and impacting the cryptocurrency market.
Intensified RNDR Price Action
With an intraday surge of over 8%, the Render price has continued trading in the ascending channel pattern. Notably, this altcoin has been trading within this trend since the month started. With a market cap of $4.17 billion, it has secured the 29th position. The EMA 50/200-day is on the path of experiencing a Golden Cross, indicating increased buying pressure over selling for this token in the market.
Will RNDR Reach a New ATH?
Maintaining bullish sentiment could push the Render price toward its resistance level of $9 this week. Further, if the market favors the bulls, this Ethereum-based altcoin could retest its $10 level in the upcoming period. Conversely, if a bearish trend reversal occurs, the Render token will drop toward its support trendline of $7.185. Failing to regain momentum might lead to a retest of the lower support level at $5.50.
Frequently Asked Questions
What is the Render price? With a weekly surge of over 26%, this AI project is currently valued at $8.0547. How high will RNDR go? If bullish momentum is sustained, the Render token may reach $14.63 in 2025. Can Render reach $100? To achieve the $100 mark, RNDR price requires a surge of 1,141.51% from its current trading price of $8.05.
With the growing bullish sentiment in the cryptocurrency market, RNDR shows potential to reach new heights in the near future.
