Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Rendering: This pattern points to $10. But can RNDR break above $6.75 first?
ALTCOIN NEWS

Rendering: This pattern points to $10. But can RNDR break above $6.75 first?

By Crypto FlexsNovember 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Rendering: This pattern points to . But can RNDR break above .75 first?
Share
Facebook Twitter LinkedIn Pinterest Email
  • A bullish pennant pattern and major resistance at $6.75 indicate potential upward momentum.
  • On-chain data showed cautious optimism with high NVT signaling strong speculative interest.

Render (RNDR) We are at a critical juncture where we need to break from a long downtrend and capitalize on bullish momentum.

At press time, RNDR was trading at $5.41, up 6.16% from the previous day. This momentum, combined with a bullish pennant formation, could push RNDR above the key resistance level of $6.75.

If successful, RNDR could target the $10-$15 range. But will this rally continue or will resistance remain firm?

Is RNDR ready for a breakthrough?

RNDR has consolidated within a well-defined recent range formed by a descending trendline and horizontal support level near $4.10.

This setup formed a bullish pennant pattern, which is often a precursor to a strong upward move. The $6.75 resistance level acts as an immediate barrier.

A breakout of this level could validate the pattern and set RNDR up for notable gains. The primary target for a successful breakout is $10.89, representing a potential upside of over 100%.

RNDR Chart Overview

Source: TradingView

Additionally, the recent crossover between the 9-day moving average and the 21-day moving average indicates near-term bullish momentum.

These crossovers often precede upward movements, suggesting that traders may continue to accumulate positions.

The combination of this moving average setup and increased volume strengthens the bullish outlook for RNDR, increasing the likelihood of a breakout if favorable conditions persist.

Fibonacci retracement levels add additional insight into possible price trajectories. The 0.786 level at $6.24 is closely aligned with the important $6.75 resistance, further highlighting its importance.

Therefore, a decisive move beyond this range could push $RNDR towards a higher Fibonacci extension with targets of $8.49, $11.20 and $15.58.

RNDR technical indicatorRNDR technical indicator

Source: TradingView

Mixed signals but strong trends

On-chain metrics provide a nuanced view. Net network growth showed a modest decline of 0.33%, indicating limited new user activity.

However, the “In the Money” indicator shows that 3.85% of holders are taking profits, suggesting that some investors are taking profits, which may encourage holding in anticipation of further appreciation.

On the other hand, high-value transactions decreased by 4.9%, showing the caution of major shareholders.

So while on-chain data shows mixed sentiment, the overall trend leans slightly more optimistic as holding sentiment improves as more holders find themselves in profitable positions.

Source: IntoTheBlock

The RNDR NVT ratio indicates speculative interest.

Render’s NVT ratio of 2145.55 suggested potential overvaluation relative to trading volume.

However, in a bull market, a high NVT ratio often reflects speculative interest, meaning traders expect prices to rise.

So while a high NVT can signal caution, it can also indicate strong demand as investors look for further profits.

Source: Santiment

In conclusion, Render Token’s technical setup indicates strong potential to break the $6.75 resistance and potentially push RNDR to new highs.


Read Render (RNDR) Price Forecast for 2024-2025


While on-chain signals are mixed, the bullish pennant and recent momentum suggest sustainability towards a medium-term target above $10 if a breakout materializes.

Traders should monitor this level as a decisive move above could confirm the next upward phase for RNDR.

Next: Weekly Winners and Losers in Cryptocurrency Markets – NEIRO, ADA, POPCAT, MOG

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

BitMine Immersion (BMNR) Announces Crypto And Cash Holdings Of $10.8 Billion, ETH Holdings Exceeding 2.151 Million

September 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025
Most Popular

Toncoin Market Cap Drops $7 Billion: Are Investors Misled?

June 3, 2024

Cardano’s increased transaction volume may be ADA’s biggest failure. – how?

January 23, 2024

Is this a scam by chance?

March 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.