Render Token Price Prediction for Today, January 30 – RNDR Technical Analysis

adminJanuary 31, 2024

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The Render Token price prediction shows that RNDR could continue its upward trend if the market moves near the upper boundary of the channel.

Render Token (RNDR) Price Rising Momentum

Currently, Render Token (RNDR) has experienced a significant increase and currently trades around $4.5, registering a gain of over 10% at the time of this writing. This surge suggests that RNDR is breaking out of a consolidation phase, with forecasts indicating a test of the $5.0 level in the future. Crypto analysts highlight several technical indicators on the daily charts that signal a shift towards bullish momentum for RNDR.

Render Token Prediction Statistics Data:

Current Render Token Price – $4.71
Render Token Market Cap – $1.77 billion
Render Token Circulating Supply – 376 million
Total supply of render tokens – 531 million
Render Token CoinMarketCap Ranking – 36th

RNDR/USD Market

Main level:

Resistance levels: $6.0, $6.5, $7.0

Support levels: $3.0, $2.5, $2.0

Render Token Price Prediction for Today, January 30 – RNDR Technical Analysis — RNDRUSD – daily chart

As of this writing, RNDR/USD is showing positive movement as the market opens today. The market is showing a slight retracement move towards the resistance level of $5.0 with a price increase of 10.02%. In addition to today’s gains, the Render token price will begin to follow the bullish movement within the channel and traders can expect the coin to surge above the channel upper limit as soon as the bulls put more pressure on the market.

Render Token Price Prediction: Render Token (RNDR) is headed for the uptrend.

If the Render Token price begins to follow an upward trend, traders can expect strength continuation at the opening price of $4.28. As the 9-day moving average prepares to surpass the 21-day moving average; Potential resistance levels could be located at $6.0, $6.5, and $7.0 in the long term.

However, if bulls increase buying pressure, the market price may break out toward the channel or move sideways. Meanwhile, looking at the price formation, a slight bearish breakdown could occur in this market, which could cause the coin to roll back to its long-term support levels of $3.0, $2.5, and $2.0.

RNDR/BTC begins upward movement

Relative to Bitcoin, the Render token price is starting to show strength as the coin remains above its 9- and 21-day moving averages. Conversely, if the bears attempt to gain momentum, selling pressure on the market will likely be released, but the 9-day moving average remains above the 21-day moving average, suggesting a bullish signal.

However, if the coin breaks off and slides towards the lower boundary of the channel, it could reach the nearest support at 1000 SAT. Any further negative movement could push the price below 800 SAT. Looking at the uptrend, the coin could take further profits and even break above the upper boundary of the channel. If the uptrend remains well above this barrier, the Render token price may find resistance above 1300 SAT.

Meanwhile, renowned cryptocurrency analyst @CryptoKindie told his followers on It was predicted that excellent results would be achieved. , a decisive breakout of a downtrend and bullish momentum confirmed by the intersection of daily moving averages, indicating market strength.

$RNDR every day
It is gaining momentum in daily life 🫡$rendering Now that you’re starting to feel energized, follow these signs:
➡️Double bottom marks the bottom
➡️Breaking downtrend signal strength
➡️ The daily 50MA was overturned to confirm the bullish momentum reversal.
let’s get this #rndr Family, tests… pic.twitter.com/WgcQmaYEd6
— Crypto Kindie (@CryptoKindie) January 30, 2024

Alternatives to Render Tokens

Render Token (RNDR) is approaching the $5.0 resistance level near the upper boundary of the channel. However, if the bulls hold the coin above the 9- and 21-day moving averages, a further upward move is possible, potentially targeting the $5.5 resistance level. RNDR’s market capitalization of $1.77 billion ranks it 36th in the cryptocurrency world, but its size may limit its profit potential. Meanwhile, Bitcoin Minetrix (BTCMTX), an alternative to Bitcoin, is attracting investor attention by raising about $10 million through pre-sales.

Bitcoin Minetrix has been improved. Is there a big move coming?

Bitcoin Minetrix (BTCMTX) is a pre-sale project experiencing significant growth that aims to democratize cloud mining through a unique dual revenue model. Users can earn mining rewards passively by staking BTCMTX tokens, no advanced hardware or technical expertise is required. With over $9.9 million in pre-sales and growing demand, BTCMTX has the potential to become an outstanding low-cap cryptocurrency asset in 2024.

You can enjoy the benefits of Bitcoin Minetrix today.