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Home»TRADING NEWS»Render Token Price Prediction for Today, January 18 – RNDR Technical Analysis
TRADING NEWS

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

By Crypto FlexsJanuary 19, 20243 Mins Read
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Render Token Price Prediction for Today, January 18 – RNDR Technical Analysis
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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

Render Token Price Prediction for Today, January 18 - RNDR Technical Analysis
RNDRUSD – daily chart

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.

Render Token Price Prediction for Today, January 18 - RNDR Technical AnalysisRender Token Price Prediction for Today, January 18 - RNDR Technical Analysis
RNDRBTC – Daily Chart

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.

Meanwhile, Render Token currently ranks 47th on CoinMarketCap with a market capitalization of $1.6 billion, while its Bitcoin Minetrix (BTCMTX) token distinguishes itself with its pioneering approach to meme creation by integrating advanced AI technology and a token-centric credit system. The BTCMTX pre-sale achieved a notable milestone by raising close to $8.8 million in funding and presents an attractive investment prospect given its innovative features.

A new cryptocurrency mining platform – Bitcoin Minetrix

Bitcoin MinetrixBitcoin Minetrix
  • Thanks to Coinsult
  • Decentralized, secure cloud mining
  • Get free Bitcoin every day
  • Native token currently in pre-sale – BTCMTX
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