- Bullish RENDER price prediction for 2024 is $7.461 to $10.852.
- Render (RENDER) price might reach $20 soon.
- Bearish (RENDER) price prediction for 2024 is $2.801.
In this Render (RENDER) price prediction for 2024, 2025-2030, we will analyze the price patterns of RENDER by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
RENDER (RENDER) PRICE PREDICTION 2024 |
|
| RENDER (RENDER) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Render Token (RNDR) Current Market Status
| Current Price | $7.07 | 24 – Hour Price Change | 13.08% Up |
| 24 – Hour Trading Volume | $2.18B |
| Market Cap | $3.66B |
| Circulating Supply | 517.69M RENDER | All – Time High | $13.60 (On Mar 17, 2024) |
| All – Time Low | $0.03676 (On Jun 16, 2020) |
What is Render (RENDER)
| TICKER | RENDER |
| BLOCKCHAIN | Ethereum |
| CATEGORY | ERC 20 Token |
| LAUNCHED ON | April 2020 |
| UTILITIES | Governance, security, gas fees & rewards |
Render (RENDER) is an Ethereum token that powers Render Network, a protocol that enables distributed graphics processing. Render (RENDER) will make the process of rendering and streaming intricate virtual works easier for all users. It will allow complex GPU-based render jobs to be distributed and processed on a peer-to-peer network, making the transactional process of rendering and streaming 3D environments, models, and objects much simpler for end-users.
Render 24H Technicals
(Source: TradingView)
Render (RENDER) Price Prediction 2024
Render (RENDER) ranks 28th on CoinMarketCap in terms of its market capitalization. The overview of the Render price prediction for 2024 is explained below with a daily time frame.
RENDER/USDT Horizontal Channel Pattern (Source: TradingView)
In the above chart, Render (RENDER) laid out a Horizontal Channel pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line that connects the highs, and the lower trendline, the line that connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
.At the time of analysis, the price of Render (RENDER) was recorded at $7.07. If the pattern trend continues, then the price of RENDER might reach the resistance levels of $8.271 and $15.307 If the trend reverses, then the price of RENDER may fall to the support levels of $5.729 and $4.168.
Render (RENDER) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Render (RENDER) in 2024.
RENDER/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Render (RENDER) for 2024.
| Resistance Level 1 | $7.461 |
| Resistance Level 2 | $10.852 |
| Support Level 1 | $4.120 |
| Support Level 2 | $2.801 |
RENDER Resistance & Support Levels
Render (RENDER) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Render (RENDER) are shown in the chart below.
RENDER/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Render (RENDER) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $5.417Price = $7.428 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 76.323 <30 = Oversold 50-70 = Neutral>70 = Overbought | Overbought |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Render (RENDER) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Render (RENDER) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
RENDER/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Render (RENDER).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 31.480 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 79.58 <50 = Low >50 = High | High Volatility |
Comparison of RENDER with BTC, ETH
Let us now compare the price movements of Render (RENDER) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs RENDER Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of RENDER is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of RENDER also increases or decreases respectively.
Render (RENDER) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Render (RENDER) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| Render (RENDER) Price Prediction 2025 | $23 | $2 |
| Render (RENDER) Price Prediction 2026 | $27 | $1.8 |
| Render (RENDER) Price Prediction 2027 | $31 | $1.6 |
| Render (RENDER) Price Prediction 2028 | $35 | $1.4 |
| Render (RENDER) Price Prediction 2029 | $37 | $1.2 |
| Render (RENDER) Price Prediction 2030 | $39 | $1 |
Conclusion
If Render (RENDER) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Render (RENDER) price prediction for 2024 is $10.852. Comparatively, if unfavorable sentiment is triggered, the bearish Render (RENDER) price prediction for 2024 is $2.801.
If the market momentum and investors’ sentiment positively elevate, then Render (RENDER) might hit $20. Furthermore, with future upgrades and advancements in the Render ecosystem, RENDER might surpass its current all-time high (ATH) of $13.60 and mark its new ATH.
FAQ
1. What is Render (RENDER)?
Render (RENDER) runs on its native Render blockchain, launched in 2018. It is based on the delegated proof-of-stake (DPoS) consensus mechanism.
2. Where can you buy a Render (RENDER)?
Traders can trade Render (RENDER) on the following cryptocurrency exchanges: Binance, OKX, Bybit, DigiFinex, and WEEX.
3. Will Render (RENDER) record a new ATH soon?
With the ongoing developments and upgrades within the Render platform, Render (RENDER) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Render (RENDER)?
Render (RENDER) hit its current all-time high (ATH) of $13.60 On March 17, 2024.
5. What is the lowest price of Render (RENDER)?
According to CoinMarketCap, RENDER hit its all-time low (ATL) of $0.03676 on June 16, 2020.
6. Will Render (RENDER) hit $20?
If Render (RENDER) becomes one of the active cryptocurrencies that maintain a bullish trend, it might rally to hit $20 soon.
7. What will be the Render (RENDER) price by 2025?
Render (RENDER) price might reach $23 by 2025.
8. What will be the Render (RENDER) price by 2026?
Render (RENDER) price might reach $27 by 2026.
9. What will be the Render (RENDER) price by 2027?
Render (RENDER) price might reach $31 by 2027.
10. What will be the Render (RENDER) price by 2028?
Render (RENDER) price might reach $35 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
