Render Price Prediction for Today, November 13 – RENDER Technical Analysis

Render Price Prediction

According to the Render price prediction, a bullish run is possible if the market price can regain the resistance level of $7.60.

Render Prediction Statistics Data:

• Render Price: $7.13
• Render Market Cap: $3.66 billion
• Render Circulating Supply: $517.69 million
• Render Total Supply: $532.45 million
• Render Coinmarketcap Ranking: #28

Historical Performance:

Since its inception, the RENDER token has significantly increased in value. From an all-time low of $0.03676 in June 2020, it reached an all-time high of $13.60 in March 2024, marking a remarkable 18,743.46% gain. Despite a recent decline from its peak, early investors who purchased the token at its low have realized substantial profits.

Market Analysis:

RENDER/USD Market:

• Resistance Levels: $9.0, $9.5, $10.0
• Support Levels: $5.5, $5.0, $4.5

The daily chart for RENDER/USD shows a bullish breakout, indicating a reversal in momentum. The recent突破 above key resistance levels suggests a potential trend shift, with Render targeting higher price points. Compared to other altcoins, Render has lagged behind but now appears poised for growth as the 9-day moving average crosses above the 21-day moving average.

Render Price Prediction:

• If bullish momentum continues, the Render price is likely to increase.
• A drop below the 9-day and 21-day moving averages could signal a bearish movement.
• Resistance levels to watch include $9.0, $9.5, and $10.0.
• Support levels to monitor include $5.5, $5.0, and $4.5.

RENDER/BTC Market:

Render is following a bullish trend against Bitcoin.

• Resistance Levels: 9800 SAT and above
• Support Levels: 6500 SAT and below

A break above the upper boundary of the channel could indicate a strong bullish movement. A crossover of the 9-day moving average above the 21-day moving average suggests bullish momentum within the channel.

Expert Analysis:

According to @DamiDefi, Render has broken out of its previous resistance levels and is targeting $15 as its next major target.

Conclusion:

Render has broken above its previous resistance zone, establishing a new support level. This positive momentum suggests a potential bullish run. The next key resistance for Render is the $8 psychological mark, a critical level for sustained growth. Investors should closely monitor market conditions and technical indicators for further insights.