{"id":635363,"date":"2024-08-14T14:30:52","date_gmt":"2024-08-14T14:30:52","guid":{"rendered":"https:\/\/wncen.com\/?p=635363"},"modified":"2024-08-14T10:52:17","modified_gmt":"2024-08-14T10:52:17","slug":"brace-for-impact-render-poised-for-a-staggering-990-surge-analysts","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/brace-for-impact-render-poised-for-a-staggering-990-surge-analysts\/","title":{"rendered":"Brace For Impact: Render Poised For A Staggering 990% Surge \u2014 Analysts"},"content":{"rendered":"

In a market with divergent projections, the Render token warms up to analysts and crypto believers. At a present value of $4.80,<\/a> cryptocurrency researcher Crypto Patel has predicted Render is going to skyrocket over 990% to as high as $50. This could happen despite the token having plunged 75% from its peak.<\/p>\n

Related Reading: Helium (HNT) Surges 48% \u2014 Here\u2019s What\u2019s Fueling The Rally<\/a><\/div>\n

Conversely, Crypto Alex found Render charts contained a bullish inverse head-and-shoulders pattern that could trigger a significant rally once sellers lose momentum. With these two diverging views, Render is at a junction, making its future interesting.<\/p>\n

Key Support And Buy Zones<\/strong><\/h2>\n

Moreover, the analysis is not based entirely on Patel’s optimistic price target. He has been able to identify crucial buying zones for the investors. The entry point, according to him, near $4-$3.5 and $2-$1.7, may turn out to be a prospective upsurge of the token.<\/p>\n

\n

RNDR\/USDT Bullish Analysis Toward $50 \ud83d\ude80$RNDR<\/a> has taken a hit, dropping 75% from its recent peak, but it’s now trading around $4.58 and has made a strong recovery from the $3 support level.<\/p>\n

Key Buying Zones:
\nEntry 1: $4 – $3.5
\nEntry 2: $2 – $1.7
\nTarget: $50<\/p>\n

If RNDR can hold\u2026 pic.twitter.com\/ytL5mul0U0<\/a><\/p>\n

\u2014 Crypto Patel (@CryptoPatel) August 13, 2024<\/a><\/p><\/blockquote>\n

However, Patel said that more emphasis is given to the $3 support level. If the token is able to stay above this barrier, then that would indicate a strong uptrend. If below, then optimal purchasing zones may need to be $4.<\/p>\n

\"\"<\/p>\n

Render: Bearish Signs<\/strong><\/h2>\n

RNDR has its downsides. A closer look at technical indications suggests caution. The 1-Day chart suggests ongoing bearishness. The Keltner Channels indicator shows Render’s price below the middle line foreshadowing negative momentum. The price commonly touches or hangs near the bottom band that indicates strong selling pressure.<\/p>\n

Now, a low reading of 34.16 RSI, below the neutral 50, is actually a point of concern. With an RSI below 30, bearish momentum can continue, although oversold conditions could finally lead to a rebound. Chaikin Money Flow comes in at -0.05, indicating only a slight capital outflow. This means that, even while sellers have a very slight advantage, the situation is not radically extreme.<\/p>\n

Render is currently trading at $4.82. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Bullish Pattern<\/strong><\/h3>\n

Render charts spell out a bullish inverse head-and-shoulders pattern, according to Crypto Alex. A trend change might be happening here due to the pattern that started in early August. The left shoulder, the head as the low, and then the right shoulder all form the inverse head and shoulders, all higher compared to the head.<\/p>\n

\n

$RENDER<\/a> bottom is in \ud83d\udea8<\/p>\n

A breakout above $5.2 and RENDER will moon \ud83d\ude80 pic.twitter.com\/ERdQ0SP6Z9<\/a><\/p>\n

\u2014 AMCrypto (@AMCryptoAlex) August 10, 2024<\/a><\/p><\/blockquote>\n

The neckline of this pattern comes in just below $5.2 and is important. A clear break above this resistance level could see prices higher. Render has rebuffed this level previously, but higher lows suggest buying pressure. The token breaking the $5.2 resistance might see it rise further and hit Patel’s lofty target.<\/p>\n

\"\"<\/p>\n

Related Reading: Celestia (TIA) Gains 14% Following Network Upgrade Announcement<\/a><\/div>\n

Render Token finds itself at a crossroads with differing forecasts from analysts. Crypto Patel sees a parabolic move up to $50 despite recent drops, outlining key buying zones and the need to hold above $3. Crypto Alex, on his end, has pointed to what could be a bullish inverse head-and-shoulders pattern.<\/p>\n

To that regard, he noted that if RNDR broke above $5.2, a huge rise could be witnessed. Both analysts have put forward very interesting but contrasting views; therefore, RNDR’s next move will be important to watch.<\/p>\n

Featured image from Phys.org, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In a market with divergent projections, the Render token warms up to analysts and crypto believers. At a present value of $4.80, cryptocurrency researcher Crypto Patel has predicted Render is going to skyrocket over 990% to as high as $50. This could happen despite the token having plunged 75% from its peak. Related Reading: Helium (HNT) Surges 48% \u2014 Here\u2019s What\u2019s Fueling The Rally Conversely, Crypto Alex found Render charts contained a bullish inverse head-and-shoulders pattern that could trigger a significant rally once sellers lose momentum. With these two diverging views, Render is at a junction, making its future interesting. Key Support And Buy Zones Moreover, the analysis is not based entirely on Patel’s optimistic price target. He has been able to identify crucial buying zones for the investors. The entry point, according to him, near $4-$3.5 and $2-$1.7, may turn out to be a prospective upsurge of the token. RNDR\/USDT Bullish Analysis Toward $50 \ud83d\ude80$RNDR has taken a hit, dropping 75% from its recent peak, but it’s now trading around $4.58 and has made a strong recovery from the $3 support level. Key Buying Zones: Entry 1: $4 – $3.5 Entry 2: $2 – $1.7 Target: $50 If RNDR can hold\u2026 pic.twitter.com\/ytL5mul0U0 \u2014 Crypto Patel (@CryptoPatel) August 13, 2024 However, Patel said that more emphasis is given to the $3 support level. If the token is able to stay above this barrier, then that would indicate a strong uptrend. If below, then optimal purchasing zones may need to be $4. Render: Bearish Signs RNDR has its downsides. A closer look at technical indications suggests caution. The 1-Day chart suggests ongoing bearishness. The Keltner Channels indicator shows Render’s price below the middle line foreshadowing negative momentum. The price commonly touches or hangs near the bottom band that indicates strong selling pressure. Now, a low reading of 34.16 RSI, below the neutral 50, is actually a point of concern. With an RSI below 30, bearish momentum can continue, although oversold conditions could finally lead to a rebound. Chaikin Money Flow comes in at -0.05, indicating only a slight capital outflow. This means that, even while sellers have a very slight advantage, the situation is not radically extreme. Bullish Pattern Render charts spell out a bullish inverse head-and-shoulders pattern, according to Crypto Alex. A trend change might be happening here due to the pattern that started in early August. The left shoulder, the head as the low, and then the right shoulder all form the inverse head and shoulders, all higher compared to the head. $RENDER bottom is in \ud83d\udea8 A breakout above $5.2 and RENDER will moon \ud83d\ude80 pic.twitter.com\/ERdQ0SP6Z9 \u2014 AMCrypto (@AMCryptoAlex) August 10, 2024 The neckline of this pattern comes in just below $5.2 and is important. A clear break above this resistance level could see prices higher. Render has rebuffed this level previously, but higher lows suggest buying pressure. The token breaking the $5.2 resistance might see it rise further and hit Patel’s lofty target. Related Reading: Celestia (TIA) Gains 14% Following Network Upgrade Announcement Render Token finds itself at a crossroads with differing forecasts from analysts. Crypto Patel sees a parabolic move up to $50 despite recent drops, outlining key buying zones and the need to hold above $3. Crypto Alex, on his end, has pointed to what could be a bullish inverse head-and-shoulders pattern. To that regard, he noted that if RNDR broke above $5.2, a huge rise could be witnessed. Both analysts have put forward very interesting but contrasting views; therefore, RNDR’s next move will be important to watch. Featured image from Phys.org, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":635376,"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":[428,6664,1742,11392],"class_list":["post-635363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-digital-currency","tag-render"],"acf":[],"yoast_head":"\nRender Poised For A Staggering 990% Surge -- Analyst<\/title>\n<meta name=\"description\" content=\"In a market with divergent projections, the Render token warms up to analysts and crypto believers. 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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. 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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":"Brace For Impact: Render Poised For A Staggering 990% Surge \u2014 Analysts","url":"http:\/\/wncen.com\/news\/brace-for-impact-render-poised-for-a-staggering-990-surge-analysts\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/brace-for-impact-render-poised-for-a-staggering-990-surge-analysts\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_994bb8.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/a_994bb8.jpg?fit=2880%2C1920"},"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":["bitcoin","crypto","digital currency","render"],"dateCreated":"2024-08-14T14:30:52Z","datePublished":"2024-08-14T14:30:52Z","dateModified":"2024-08-14T14:30:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Brace For Impact: Render Poised For A Staggering 990% Surge \\u2014 Analysts\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/brace-for-impact-render-poised-for-a-staggering-990-surge-analysts\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/brace-for-impact-render-poised-for-a-staggering-990-surge-analysts\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/a_994bb8.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/a_994bb8.jpg?fit=2880%2C1920\"},\"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\":[\"bitcoin\",\"crypto\",\"digital currency\",\"render\"],\"dateCreated\":\"2024-08-14T14:30:52Z\",\"datePublished\":\"2024-08-14T14:30:52Z\",\"dateModified\":\"2024-08-14T14:30:52Z\"}<\/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\/08\/a_994bb8.jpg?fit=2880%2C1920","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/635363"}],"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=635363"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/635363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/635376"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=635363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=635363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=635363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}