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Render Price Prediction 2024: Is $5 Mark Achievable By Bulls?

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Render Price Prediction 2024: Is $5 Mark Achievable By Bulls?
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Render price prediction for 2024 is highly bullish and suggests it may outperform other altcoins in terms of returns. 

RNDR price is in a strong uptrend and bullish momentum is still intact. It rose 32% in the current week and showed a massive breakout of the $3.00 hurdle. 

In the last two weeks, Render price consolidated in the range of $2.133 to $2.683. Recently, buyers took control and succeeded in breaking out of the higher range which fueled the momentum. 

The wild-up move in RNDR price is supported by a high buying volume. It indicates genuine buyers had taken longs so the price is likely to sustain the recent gains. The 50-day EMA and 200-day EMA sloped upward to showcase an uptrend. 

The short-term retracement took support near the 50-day EMA and bounced back. It shows the strong presence of buyers at the lower levels and they are continuing their dominance. 

At the time of writing, Render price is trading at $3.155 with an intraday rise of 10.82%. The 24-hour volume to market cap is 31.01%.

Render Price Hit YTD High; What’s Next?

Render Price Prediction 2024: Is $5 Mark Achievable By Bulls?
Source: RNDR/USDT daily chart by Tradingview

Render price prediction stays bullish for December till it sustains above the $2.500 level. The price chart of the RNDR crypto suggests a rally has just begun and a long upward journey is pending. 

RNDR price reached a YTD high and formed a bullish continuation pattern. It seems like sellers panicked and decided to exit their short position. 

The recent breakout looks reliable and powerful. So, if the crypto price retraces down toward $2.500 then it will provide a good opportunity for the new investors. The analysis suggests the Render price is in uptrend so it’s better to play bullish bets. 

RNDR Price Analysis: What’s the Next Hurdle?

RNDR price displayed a surprising upmove and buyers succeeded in giving the follow-up momentum. The next hurdle for the bulls is the $3.332 level. If the momentum continues and the $3.332 level is taken out, then 10% to 20% more upside will open. 

However, if the price faces rejection, then one may see a minor profit booking from the higher levels. 

Indicators like MACD, RSI, supertrend, bollinger band, and EMAs have all turned bullish. Therefore, it seems that RNDR bulls are preparing to hit new highs.

Conclusion

Render price prediction for 2024 stays bullish and suggests RNDR crypto may outperform in the upcoming months. The breakout looks powerful and reliable so more upward momentum is possible. 

The analysis suggests bulls are active in RNDR and seems that they are preparing to hit new highs. 

Technical Levels

  • Resistance levels: $3.332 and $4.000
  • Support levels: $2.683 and $2.133
Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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