{"id":605485,"date":"2024-04-28T18:00:06","date_gmt":"2024-04-28T18:00:06","guid":{"rendered":"https:\/\/wncen.com\/?p=605485"},"modified":"2024-07-12T06:21:35","modified_gmt":"2024-07-12T06:21:35","slug":"render-revving-up-analyst-predicts-potential-climb-to-16","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/render-revving-up-analyst-predicts-potential-climb-to-16\/","title":{"rendered":"Render Revving Up: Analyst Predicts Potential Climb To $16"},"content":{"rendered":"

With technical indicators and analyst forecasts pointing at a significant price spike in the next weeks or months, Render (RNDR), the cloud-based rendering network, is generating buzz in the cryptocurrency market.<\/p>\n

Related Reading: Is SUI Sinking? TVL Tanks As Crypto Price Fails To Keep Afloat<\/a><\/div>\n

Render Breaks Free From Technical Chains<\/strong><\/h2>\n

For RNDR<\/a>, technical study presents a hopeful picture.<\/span> Recently, the token broke out from a bullish technical pattern called the Dragon Pattern\u2014also called the supply line. Historically, this breakout implies a possible change in momentum as prices probably will move higher.
\n<\/span><\/p>\n

\"\"RNDR 24-hour price action. Source: Coingecko<\/a><\/pre>\n
Fueling the flames, experts are noting on RNDR’s chart the development of three rising valleys.<\/span> This pattern points to a possible bottom of the market, therefore reversing past bearish patterns.
\n<\/span><\/p>\n
Moreover, a positive divergence on the four-hour chart suggests declining selling force. To put it another way, sellers are unable to lower prices, thereby failing to surpass past lows.<\/span>
\n<\/span><\/p>\n
\n
$RENDER<\/a> – It’s looking bullish in my opinion.<\/p>\n
Here is why \ud83d\udc47<\/p>\n
\u2022 Dragon pattern aka the supply line which broke out already.<\/p>\n
\u2022 Potential 3 rising valleys in the making while we established a potential bottom.<\/p>\n
\u2022 4 hour bullish divergence which means that sellers had a hard\u2026 pic.twitter.com\/jMBzXWyG81<\/a><\/p>\n
\u2014 Doji \ud83e\udd77 (@SatsDoji) April 25, 2024<\/a><\/p><\/blockquote>\n
Prominent crypto researcher DoJi sees these technical signals as a formula for a price explosion. Drawing on his study of the Three Rising Valleys, DoJi has set a target price for RNDR of about $13.<\/span> He even goes so far as to propose a price explosion outside of $20 should past price trends recur.
\n<\/span><\/p>\n
According to DoJi, surpassing a key resistance level of $9.20 could be the catalyst that ignites this bullish momentum.<\/p>\n
RNDR Up 250% In 6 Months – But Can It Break Resistance?<\/strong><\/h2>\n
RNDR’s value increased almost 250% in the last half-year. The erratic movement pattern of impulsive and corrective actions in the price fluctuations speaks to a stormy market.<\/p>\n
Future price trajectory projection of RNDR presents both cautious and hopeful possibilities. At $10.90 there is expected to be opposition; at $13.30 there is a bigger hurdle.<\/span>
\n<\/span><\/p>\n
Should the price fall, $6.18 or much less, $3.79 could offer some support. Though long-term signals like the 100-day average hint to a likely stabilization around $8.92, overall market trends and RNDR network adoption rate could influence price swings.<\/p>\n
<\/p>\n
RNDR market cap currently at $3.1 billion. Chart: TradingView.com<\/a><\/pre>\n
Analyst Chimes In With Optimistic Predictions<\/strong><\/h3>\n
DoJi, meantime, is not the only crypto guru optimistic about RNDR. Respected analyst Inspector Crypto has noted on RNDR’s chart a positive Inverse Head and Shoulders Pattern. Usually ahead of a price rise, this trend guides Inspector Crypto’s objective range for RNDR: $14\u2013$16.<\/span>
\n<\/span><\/p>\n
\n
$RNDR<\/a> | Inverse Head and Shoulders pattern target: $14-$16#RENDER<\/a> #Solana<\/a> #Bitcoin<\/a> #AltCoinSeason2024<\/a> #Bullrun2024<\/a> #ADA<\/a> #Xrp<\/a> #AKT<\/a> pic.twitter.com\/VRO8gcTAiH<\/a><\/p>\n
\u2014 Inspector Crypto\ud83d\udd75\ud83c\udffb\u200d\u2642\ufe0f\ud83d\udcc8 (@1nspector_G) April 26, 2024<\/a><\/p><\/blockquote>\n
The united hope of DoJi and Inspector Crypto captures a more general expectation for RNDR. Although the token’s price has lately seen a minor decline, many observers are attentively observing its performance in search of an uptrend indication.<\/p>\n
Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
With technical indicators and analyst forecasts pointing at a significant price spike in the next weeks or months, Render (RNDR), the cloud-based rendering network, is generating buzz in the cryptocurrency market. Related Reading: Is SUI Sinking? TVL Tanks As Crypto Price Fails To Keep Afloat Render Breaks Free From Technical Chains For RNDR, technical study presents a hopeful picture. Recently, the token broke out from a bullish technical pattern called the Dragon Pattern\u2014also called the supply line. Historically, this breakout implies a possible change in momentum as prices probably will move higher. RNDR 24-hour price action. Source: Coingecko Fueling the flames, experts are noting on RNDR’s chart the development of three rising valleys. This pattern points to a possible bottom of the market, therefore reversing past bearish patterns. Moreover, a positive divergence on the four-hour chart suggests declining selling force. To put it another way, sellers are unable to lower prices, thereby failing to surpass past lows. $RENDER – It’s looking bullish in my opinion. Here is why \ud83d\udc47 \u2022 Dragon pattern aka the supply line which broke out already. \u2022 Potential 3 rising valleys in the making while we established a potential bottom. \u2022 4 hour bullish divergence which means that sellers had a hard\u2026 pic.twitter.com\/jMBzXWyG81 \u2014 Doji \ud83e\udd77 (@SatsDoji) April 25, 2024 Prominent crypto researcher DoJi sees these technical signals as a formula for a price explosion. Drawing on his study of the Three Rising Valleys, DoJi has set a target price for RNDR of about $13. He even goes so far as to propose a price explosion outside of $20 should past price trends recur. According to DoJi, surpassing a key resistance level of $9.20 could be the catalyst that ignites this bullish momentum. RNDR Up 250% In 6 Months – But Can It Break Resistance? RNDR’s value increased almost 250% in the last half-year. The erratic movement pattern of impulsive and corrective actions in the price fluctuations speaks to a stormy market. Future price trajectory projection of RNDR presents both cautious and hopeful possibilities. At $10.90 there is expected to be opposition; at $13.30 there is a bigger hurdle. Should the price fall, $6.18 or much less, $3.79 could offer some support. Though long-term signals like the 100-day average hint to a likely stabilization around $8.92, overall market trends and RNDR network adoption rate could influence price swings. RNDR market cap currently at $3.1 billion. Chart: TradingView.com Analyst Chimes In With Optimistic Predictions DoJi, meantime, is not the only crypto guru optimistic about RNDR. Respected analyst Inspector Crypto has noted on RNDR’s chart a positive Inverse Head and Shoulders Pattern. Usually ahead of a price rise, this trend guides Inspector Crypto’s objective range for RNDR: $14\u2013$16. $RNDR | Inverse Head and Shoulders pattern target: $14-$16#RENDER #Solana #Bitcoin #AltCoinSeason2024 #Bullrun2024 #ADA #Xrp #AKT pic.twitter.com\/VRO8gcTAiH \u2014 Inspector Crypto\ud83d\udd75\ud83c\udffb\u200d\u2642\ufe0f\ud83d\udcc8 (@1nspector_G) April 26, 2024 The united hope of DoJi and Inspector Crypto captures a more general expectation for RNDR. Although the token’s price has lately seen a minor decline, many observers are attentively observing its performance in search of an uptrend indication. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":605494,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,3505,11392,87765],"class_list":["post-605485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-price-analysis","tag-render","tag-rndr"],"acf":[],"yoast_head":"\nRender Revving Up: Analyst Predicts Potential Climb to $16<\/title>\n<meta name=\"description\" content=\"With technical indicators and analyst forecasts pointing at a significant price spike in the next weeks or months, Render (RNDR), the cloud-based\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Render Revving Up: Analyst Predicts Potential Climb To $16","url":"http:\/\/wncen.com\/news\/render-revving-up-analyst-predicts-potential-climb-to-16\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/render-revving-up-analyst-predicts-potential-climb-to-16\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_5665c1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_5665c1.jpg?fit=1000%2C360"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","price analysis","render","rndr"],"dateCreated":"2024-04-28T18:00:06Z","datePublished":"2024-04-28T18:00:06Z","dateModified":"2024-07-12T06:21:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Render Revving Up: Analyst Predicts Potential Climb To $16\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/render-revving-up-analyst-predicts-potential-climb-to-16\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/render-revving-up-analyst-predicts-potential-climb-to-16\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/a_5665c1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/a_5665c1.jpg?fit=1000%2C360\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"price analysis\",\"render\",\"rndr\"],\"dateCreated\":\"2024-04-28T18:00:06Z\",\"datePublished\":\"2024-04-28T18:00:06Z\",\"dateModified\":\"2024-07-12T06:21:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/04\/a_5665c1.jpg?fit=1000%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/605485"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=605485"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/605485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/605494"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=605485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=605485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=605485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}