Price Analysis

Render Price Prediction: What Awaits RNDR After 50% Weekly Surge

Render price prediction: RNDR's breakout above $10 resistance after a 50% retracement suggests strong potential for buyers and an extended recovery trend.

Published by

Sahil Mahadik

Updated 29 May, 2025 | 05:48:57 AM UTC

Render Price Prediction: What Awaits RNDR After 50% Weekly Surge

Highlights

A bullish breakout from the double-bottom pattern set the RNDR price for a high momentum rally above $10.
An ascending trendline in daily charts higher than the broader trend in the Render token is bullish.
The intraday trading volume in RNDR is $399.2 Million, indicating an 18.5% loss.

Render Price Prediction: During the early May recovery phase in the crypto market, the Render stood out as one of the top performers. The altcoin rebounded from combined support of $0.7 and a 50% retracement level propelled the asset value by 55% to hit a high of $10.85. A closer examination of the daily chart reveals the upswing as a double-bottom pattern, suggesting the possibility of further upward movement in the near future.

Also Read: FET Vs Render: Which AI Altcoin to Buy, Sell or Hodl in May?

Render Price Prediction: Double Bottom Formation Signals Renewed Buying Sentiment

Render Price Prediction| Tradingview

Amid the recent correction, the Render price discovered solid support at the $7 mark. This pivotal level coincides with the 50% Fibonacci retracement level but also intersects with a longstanding support trendline, establishing a robust accumulation zone favored by buyers.

Utilizing the aforementioned support as base support, the RNDR price develops a bullish reversal pattern called a double bottom in daily charts. This reversal pattern is commonly observed in local market bottoms signaling renewed buying sentiment among market participants.

On May 5th, the Render price gave a bullish breakout from the $9.76 neckline resistance, favoring buyers to lead a higher rally.

Moreover, a recent update from crypto analytics firm Santiment highlights that the surge in AI and Big Data projects within the crypto space continues to gain momentum. Notably, RNDR has emerged as the top trending asset reclaiming its position above $10. This surge in interest underscores the growing significance of projects within this expanding industry landscape.

With the Bitcoin price reverted from $65000, the altcoin market witnessed overhead supply, encouraging the intraday of 2% in Render token.

If the retest showcases its sustainability above breach $9.75 support, the buyers could drive a rally to $12, followed by $13.8.

Technical Indicator

BB Indicator: The upper band of the Bollinger Band indicator challenge on the upside project the buyers are active towards accumulating this asset.
Average Directional Index: The ADX slope upswing at 20% indicates the prior correction helped RNDR price to replenish bullish momentum for a prolonged rally.

Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Published by

Sahil Mahadik

Updated 29 May, 2025 | 05:48:57 AM

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.