In this Render technical analysis, we will examine the current price action, trading volume, key levels and indicators for RNDR-USDT. Render (RNDR) is a cryptocurrency that utilizes blockchain technology to facilitate the decentralized rendering of high-quality graphics and video content. By leveraging the power of a distributed network of computers, Render enables creators to access fast and affordable rendering services without relying on centralized infrastructure. With its innovative approach, Render is poised to revolutionize the way graphics and video content are created and consumed.
Render Price Overview:
As of October 02, 2023, Render is trading at approximately 1.698 USDT. Let’s dive into the detailed price action for RNDR-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.694 |
| High (H) | 1.8 |
| Low (L) | 1.678 |
| Close (C) | 1.698 |
| Volume (C) | 10,123,036.22 |
- Open (O): The opening price for today’s trading session was approximately 1.694 USDT.
- High (H): Render reached a daily high of around 1.8 USDT.
- Low (L): The daily low for RNDR-USDT was approximately 1.678 USDT.
- Close (C): At the time of analysis, Render is trading near its daily close of 1.698 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.30% |
| 3D Change (%) | 10.33% |
| 7D Change (%) | 14.34% |
| 30D Change (%) | 26.81% |
| 90D Change (%) | -18.09% |
| YTD Change (%) | 321.34% |
Over the past three days, RNDRUSDT has risen by approximately 10.33%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 14.34%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with RNDRUSDT maintaining an upward trend of approximately 26.81%, despite intermittent fluctuations. Examining the last 90 days, RNDRUSDT has witnessed substantial decrease of approximately -18.09%, reflecting strong long-term confidence. Year-to-date, RNDRUSDT has steadily appreciated by around 321.34%, 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 0.45268.
- Momentum score is 0.26811.
RNDR USDT Technical Analysis
Render Trading Volume:
The trading volume for Render (RNDR) over the past 24 hours has been significant, with approximately 10,123,036.22 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 55.63608. 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.
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.
