RENDER PRICE PREDICTION FOR TODAY, NOVEMBER 13 – RENDER TECHNICAL ANALYSIS

By Crypto Gloom On Nov 14, 2024

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Render price prediction shows that if the market price can recover the resistance level of $7.60, bullishness could be established.

Rendering prediction statistical data:

Current render price – $7.13
Render market capitalization – $3.66 billion
Render Circulating Supply – $517.69 million
Total Rendering Supply – $532.45 million
Render CoinMarketCap Ranking – 28th

The RENDER token has shown impressive growth since its inception, recording an impressive increase of 18,743.46% from its all-time low of $0.03676 in June 2020 to its all-time high of $13.60 in March 2024. Despite the recent decline of -49.05%, early investors who entered the all-time high and low have made significant gains, highlighting the potential rewards of getting involved early in cryptocurrency projects.

RENDER/USD Market

Main level:

Resistance levels: $9.0, $9.5, $10.0

Support levels: $5.5, $5.0, $4.5

RENDER PRICE PREDICTION FOR TODAY, NOVEMBER 13 - RENDER TECHNICAL ANALYSIS — RENDERUSD – Daily Chart

The daily chart of RENDER/USD shows a notable bullish breakout, indicating renewed upward momentum for Render Token after a limited period of movement. This rise above recent key resistance levels signals a potential change in trend as Render aims to hit a higher price target. Compared to other altcoins, Render has lagged behind, but it appears poised for growth, with its 9-day moving average now surpassing its 21-day moving average, showing strengthening market interest.

RENDER PRICE PREDICTION: RENDER COULD BE HEADING UP

As of this writing, render prices are likely to surge as bull pressure increases. However, if the coin falls below the 9-day moving average and the 21-day moving average, the market price may head towards the lower limit of the channel. However, if the price breaks above the upper boundary of the channel, possible resistance levels can be found at $9.0, $9.5, and $10.0, so traders can expect a continuation of the bullish trend towards the upside.

Nonetheless, the presence of new long positions and the liquidation of short positions near resistance levels can create buying pressure and strengthen the bullish trajectory. However, as buyers maintain support, Render could push toward its next target of nearly $7.6, with the potential for further gains if this momentum continues. Meanwhile, RENDER/USD could still fall below its 9- and 21-day moving averages and a bearish extension could cause the coin to roll towards longer-term support at the $5.5, $5.0, and $4.5 levels.

RENDER/BTC prepares for a bullish move

For Bitcoin, the render is starting to follow a bullish move, trading above the 9- and 21-day moving averages. A cross above the upper border of the channel would require an increase in volume and resistance to cause a market surge. RENDER is currently trading at 8033 SAT. So, a crossover below the moving average could lead to support below 6500 SAT.

Nonetheless, buyers can confirm bullishness for the coin if a bullish movement occurs above the channel. Moreover, the nearest resistance is above 9800 SAT. The 9-day moving average is likely to exceed the 21-day moving average, suggesting a bullish move within the channel.

Meanwhile, @DamiDefi shared his analysis with his followers on X (formerly Twitter), highlighting that $RENDER successfully broke past the previous resistance level. He now predicts that $15 will be the next major target, indicating strong potential for further gains as momentum continues to build.

$render It exploded!

Next is $15 ✍️ https://t.co/ADRBGw595u pic.twitter.com/gIWmRzWp69

— DamiDefi (@DamiDefi) November 11, 2024

Rendering Alternatives

Render recently broke the previous resistance area of $7.0 – $7.6, establishing this level as new support and laying a strong foundation for further bullish moves. The next major resistance for Render is the psychological mark of $8 on the daily chart, a critical level for continued growth. Meanwhile, PEPE Unchained, a new meme coin project with a layer 2 ecosystem including DEX, bridge, and block explorer, raised $28.5 million in ICO/IDO and attracted significant investor interest due to its unique utility and expanded ecosystem. .

PEPE UNCHAINED MEME Coin Raises $28 Million – Next 100X Potential Cryptocurrency

PEPE Unchained presents a unique investment opportunity as market conditions favor meme coins, and the project is positioned to benefit from this growing interest. With $28.5 million raised and a robust layer 2 ecosystem featuring a decentralized exchange (DEX), bridge, and block explorer, PEPE Unchained offers real utility beyond the typical meme coin hype. Investors can easily participate in the pre-sale by connecting their MetaMask, WalletConnect, or Coinbase wallets to exchange Ethereum or Tether for PEPU tokens, which can be traded on the DEX after the pre-sale.

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