Render Price To Hit $10 This Week As Technical Sentiments Turn Greedy?

Published by

Elena R

January 7, 2025

Render Price Reclaims $8, Eyes To Hit $10 With A 25% Surge

The Render (RENDER) price has successfully regained momentum by displaying a strong bullish outlook. Reportedly, this Artificial Intelligence (AI) token has soared over 21%, indicating an increase in the adoption process of this technology in real-world applications.

Will the RNDR token now RENDER token maintain its bullish outlook and reclaim the $10 this week? Or will this altcoin experience a strong rejection? CoinPedia’s expert panel and curated a short-term Render price analysis just for you!

RENDER Price Retests Its Important Resistance Trendline!

The Render price has displayed a positive inflow for 6 consecutive days, highlighting an increase in the buying-over-selling pressure for it in the crypto space. Furthermore, the altcoin is on the path of testing its important resistance trendline of $8.950, the outcome of which is uncertain.

Furthermore, with a 24-hour trading volume of $754.50 million, this altcoin has a market capitalization of $4.481 billion. With this, the Render token has secured the 32nd position in the global cryptocurrency market list.

Render Technical Sentiments

The Relative Strength Index (RSI) records a sharp rise toward the overbought range in the daily time frame. This suggests an increase in the buying-over-selling pressure for the RNDR price in the market.

The EMA 200-day has acted as a crucial support to the RENDER price action in the 1D chart. Moreover, with a bullish rise in the EMA 50-day trendline, this AI altcoin is projected to gain significant momentum in the near future.

Will RNDR Price Hit $10 This Week?

If the bulls maintain bullish dominance, the Render coin price will breach its resistance level of $8.950 and head toward $10.450. Furthermore, if the bulls outrun the bears, this could result in it testing its high of $11.925.

However, if a trend reversal occurs, the Render token could plunge toward its important support level of $7.225 during the upcoming time.

Planning on stacking RENDER crypto tokens before the Altseason? Read CoinPedia’s Render Price Prediction for possible long-term price projections!

FAQs

Will Render reach $100?

The RNDR token can achieve the $100 mark with a surge of 1,048.76% in its current valuation.

How high could RENDER go?

With increased adoption and bullish price sentiment, the Render price could achieve a high of $18.53 in 2025.

What is the price of Render?

At the time of writing, the value of one Render token was $8.705.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.