Render Token Price Prediction for Today, January 18 – RNDR Technical Analysis

The Render Token price prediction shows that RNDR may head towards the upper boundary of the channel to continue its upward trend.

Render Token Prediction Statistics Data:

• Current Render Token Price – $4.31
• Render Token Market Cap – $1.6 billion
• Render Token Circulating Supply – 376.1 million
• Total supply of render tokens – 531 million
• Render Token CoinMarketCap Ranking – 47th

RNDR/USD Market

Main level:

Resistance levels: $5.50, $6.00, $6.50

Support levels: $3.00, $2.50, $2.00

RNDR/USD is currently trading around $4.31, having reached a daily high of $4.34 with a market capitalization of $1.6 billion. Today’s trading begins with the market trending slightly higher as the coin breaks above the 9-day moving average and the 21-day moving average. However, traders are expecting that the current price movement will indicate an imminent rise in the market price.

Render Token Price Prediction: RNDR Could Be Heading to the Upside

Looking at the daily chart, the next step for the Render Token price is to reach the potential resistance level of $4.50. Once this is done, the bulls can now push the coin to reach the nearest resistance level of $5.00 and then find resistance levels at $5.50, $6.00 and $6.50 respectively.

However, RNDR/USD may continue to move north as the 9-day moving average crosses above the 21-day moving average. If this continues, it could barely sustain a bullish move above the upper limit. channel. Meanwhile, if the price turns south quickly, support could reach $3.00, $2.50, or $2.00 if it falls below the lower boundary of the channel.

RNDR/BTC rising trend

Compared to Bitcoin, Render Token is hovering above its 9- and 21-day moving averages. For now, the bullish trend may continue to push the coin in a positive direction, with the 9-day moving average crossing the 21-day moving average.

However, if the bulls push the price towards the upper boundary of the channel and hold it, RNDR/BTC may rise to the resistance level above 1250 SAT. Conversely, a bearish move below the lower boundary of the channel could push the price down to support levels below 770 SAT.

Render Token Alternatives

The Render Token price may surge upwards as the coin heads towards the upper border of the channel. However, if the market continues its upward trend, resistance at $5.0 is likely to surface. Therefore, if the bulls put pressure, RNDR/USD may seek higher price levels.

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