Render Token Claims New ATH! RNDR To Hit $15 This Week?

The post Render Token Claims New ATH! RNDR To Hit $15 This Week? appeared first on Coinpedia Fintech News

The Render token continues to trade under a strong bullish influence, resulting in it successfully achieving a new all-time high during the early trading hours today. Further, with the upcoming events, the RNDR price is expected to gain significant traction during the upcoming days.

The RNDR price has added over 17% to its portfolio within the past 24 hours and 122.61% over the past 30 days. Render token’s Year-to-Date returns stand at around 170%.

RNDR Price Hints A Strong Bullish Sentiment In the Chart!

The Render price traded in a closed range between $7.020 and $8.240 for a brief period, after which the bulls lost momentum and recorded a correction of 23.14% in valuation. After testing its low of $5.765, the bulls regained momentum and started trading positively.

The RNDR price recorded a jump of over 106% within the next three days, following which the bulls faced rejection at the resistance level of $12.780. After displaying significant volatility for a while, the altcoin traded in a closed range between $10.790 and $11.705 for over a week.

TradingView: RNDR/USDT

Recently, the bulls regained momentum and jumped over 9% in valuation. Since then, the price has been displaying a neutral trend by trading between $12.780 and $13.840. Positively, the RNDR token displays a flag pattern, suggesting a bullish outlook in the coming time.

The Relative Strength Index (RSI) displays a constant flatline in the chart, indicating weak buying and selling pressure in the market. Further, the averages show a minor rise, highlighting uncertainty in the future price action of this altcoin.

How High Will Render Token Go?

If the bulls regain power, the bulls will prepare to test their resistance level of $13.840 this week. Moreover, if the bulls continue to dominate the market, it will continue to rise and test its upper resistance level of $15 over the coming weekend.

Negatively, a bearish trend reversal may pull the price toward its support level of $11.705 during the upcoming week.