Render Crypto Token (RNDR) has experienced a significant surge in price, rising 9.75% in just 24 hours. Analysts believe that RNDR has broken through a key resistance level and predict that it could reach $15.33 in the future, indicating a 70.2% increase. The bullish momentum and confidence from investors in the underlying blockchain rendering solutions have contributed to this upward movement. However, the Money Flow Index suggests an overbought condition, which could lead to a short-term pullback. The immediate support is at $8.20, with resistance at $9.00 and $10.00. The reversal from a long-term downtrend and the breakout above previous resistance further confirm the uptrend. The targets for RNDR are $11.38 and $12.88, supported by increasing volume on the chart.
- Content Editor ( thecoinrepublic.com )
- 2024-12-01
Render Crypto (RNDR) Price Pumps Close To 10%, Analyst Calls 70% Surge