RNDR USDT Render Technical Analysis

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By Frans van Elst

Render logo In this Render technical analysis, we will examine the current price action, trading volume, key levels and indicators for RNDR-USDT. Render is a decentralized platform that enables content creators to produce high-quality digital assets and experiences without the need for expensive software or hardware. The platform utilizes blockchain technology to provide secure and transparent transactions, ensuring fair compensation for creators and ownership rights for buyers. With Render, the future of digital content creation is more accessible, affordable, and open to everyone.

Render Price Overview:

As of May 07, 2024, Render is trading at approximately 10.609 USDT. Let’s dive into the detailed price action for RNDR-USDT:

Render (RNDRUSDT) poised for growth at 10.61 USDT, as bullish technical analysis reveals robust support and promising indicators.

Metric Value
Open (O) 9.947
High (H) 10.861
Low (L) 9.947
Close (C) 10.609
Volume (C) 12,593,862.18
  • Open (O): The opening price for today’s trading session was approximately 9.947 USDT.
  • High (H): Render reached a daily high of around 10.861 USDT.
  • Low (L): The daily low for RNDR-USDT was approximately 9.947 USDT.
  • Close (C): At the time of analysis, Render is trading near its daily close of 10.609 USDT.
Metric Value
1D Change (%) 6.66%
3D Change (%) 18.43%
7D Change (%) 44.56%
30D Change (%) 8.65%
90D Change (%) 137.28%
YTD Change (%) 137.28%

Over the past three days, RNDRUSDT has increased by approximately 18.43%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 44.56%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RNDRUSDT maintaining an upward trend of approximately 8.65%, despite intermittent fluctuations. Examining the last 90 days, RNDRUSDT has witnessed substantial rise of approximately 137.28%, reflecting strong long-term confidence. Year-to-date, RNDRUSDT has steadily appreciated by around 137.28%, 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-USDT 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 0.88499.
  • Momentum score is 0.28159.

RNDR USDT Technical Analysis

Render Trading Volume:

The trading volume for Render (RNDR) over the past 24 hours has been significant, with approximately 12,593,862.18 USDT 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-USDT is currently in the high zone, around 57.5542. This suggests that Render is in bullish territory.

Analysis from TradingView:

Our Key Takeaways:

Render (RNDR-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the high RSI and significant trading volume are high signals for potential upward movement.

Render (RNDRUSDT) poised for growth at 10.61 USDT, as bullish technical analysis reveals robust support and promising indicators.

Unlock additional insights on RNDR BTC Render Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of 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.

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