In this Render technical analysis, we will examine the current price action, trading volume, key levels and indicators for RNDR-BTC. Render is a decentralized platform that enables content creators to produce high-quality digital assets and experiences without the need for expensive hardware or software. The RNDR token powers this ecosystem, allowing creators to access the resources they need to bring their ideas to life. With Render, the future of digital content creation is more accessible and inclusive than ever before.
Render Price Overview:
As of May 18, 2024, Render is trading at approximately 0.00015 BTC. Let’s dive into the detailed price action for RNDR-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00015 |
| High (H) | 0.00015 |
| Low (L) | 0.00015 |
| Close (C) | 0.00015 |
| Volume (C) | 72,579.97 |
- Open (O): The opening price for today’s trading session was approximately 0.00015 BTC.
- High (H): Render reached a daily high of around 0.00015 BTC.
- Low (L): The daily low for RNDR-BTC was approximately 0.00015 BTC.
- Close (C): At the time of analysis, Render is trading near its daily close of 0.00015 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.60% |
| 3D Change (%) | -7.97% |
| 7D Change (%) | -17.79% |
| 30D Change (%) | 18.89% |
| 90D Change (%) | 31.47% |
| YTD Change (%) | 39.92% |
Over the past three days, RNDRBTC has declined by approximately -7.97%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -17.79%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RNDRBTC maintaining an upward trend of approximately 18.89%, despite intermittent fluctuations. Examining the last 90 days, RNDRBTC has witnessed substantial rise of approximately 31.47%, reflecting strong long-term confidence. Year-to-date, RNDRBTC has steadily increased by around 39.92%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Render Live Chart:
You can access a live price chart for RNDR-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.73.
- Momentum score is 0.16274.
RNDR BTC Technical Analysis
Render Trading Volume:
The trading volume for Render (RNDR) over the past 24 hours has been insignificant, with approximately 72,579.97 BTC traded against RNDR. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): RNDR is currently trading above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Render is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for RNDR-BTC is currently in the neutral zone, around 50.76892. This suggests that Render is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Render (RNDR-BTC) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Consider bearish sentiment in Render (RNDRBTC) at 1.48e-04 BTC with technical analysis, showcasing weakened support and cautionary indicators.
Missing our detailed breakdown on RNDR USDT Render Technical Analysis would be a lost opportunity if you found value in this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.