Render (RNDR) Hits 19-Month High Ahead of Binance Japan Listing
Render (RNDR), an Artificial Intelligence-based protocol, has experienced a dramatic surge in its price. This boost is primarily attributed to the announcement of its upcoming listing on Binance Japan, scheduled for November 27. This listing is a part of Binance Japan’s addition of 13 new crypto assets, focusing on top-rated altcoins.
Binance Japan Boosts Render’s Market Position
Render’s price has seen over 31.04% increase in the last 24 hours, hitting a 19-month high. This growth trend is reinforced by a 111.46% rise in 24-hour trading volume, indicating a solid market interest that could sustain the price hike. The anticipation of the Binance Japan listing is crucial in driving this demand, as investors are showing a bullish stance according to the Crypto Greed and Fear index.
RNDR price chart: source (tradingView)
From a technical perspective, Render’s price movement has broken free from a bearish trend noted at the start of the month. The reversal is evident in the Moving Average Convergence Divergence (MACD) indicator, suggesting a potential establishment of bullish momentum.
If this trend continues, Render could breach and sustain above the $3.3 mark. However, monitoring if the support level at $2.74 holds is crucial, as falling below this could lead to testing lower supports at $2.55 and $2.26.
Community Rally and Future Prospects
A significant factor contributing to Render’s current rally is the community support for the RNP-007 Proposal. This proposal introduces the FEMDL Innovation, a compute client and platform aimed at enhancing the development and monetization of large language models and other generative AI applications.
The overwhelming support for this proposal, as evidenced by voting data from Snapshot.org, is a testament to the community’s belief in Render’s potential.
Read Also: Market Rallies As BTC, Pepe Coin, RNDR Surge
- XRP News: Ripple-Backed Evernorth Amasses Over $1B in XRP Ahead of Nasdaq Listing
- Crypto Market Rally: BTC, ETH, SOL, DOGE Jump 3-7% as US China Trade Talks Progress
- Indian Court Declares XRP as Property in WazirX Hack Case
- Ethereum Supercycle Strengthens as SharpLink Gaming Withdraws $78.3M in ETH
- Trump Tariffs: Secretary Bessent Declares ‘Fantastic’ Trump–Xi Talks, Bitcoin Breaks $113,000
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal 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.
