Render Token (RNDR) Price Prediction 2023, 2024, 2025-2030 – TheNewsCrypto

• Bullish RNDR price prediction for 2023 is $2.339 to $4.444.
• Render Token (RNDR) price might reach $5 soon.
• Bearish (RNDR) price prediction for 2023 is $1.311.

In this Render Token (RNDR) price prediction for 2023, 2024-2030,  we will analyze the price patterns of RNDR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. 

TABLE OF CONTENTS

INTRODUCTION

Render Token (RNDR) Current Market Render Token (RNDR) What is Render Token (RNDR)? Render Token (RNDR) 24H Technicals

RENDER TOKEN (RNDR) PRICE PREDICTION 2023

Render Token (RNDR) Support and Resistance Levels Render Token (RNDR) Price Prediction 2023 — RVOL, MA, and RSI Render Token (RNDR) Price Prediction 2023 — ADX, RVI Comparison of RNDR with BTC, ETH

RENDER TOKEN (RNDR) PRICE PREDICTION 2024, 2025, 2026-2030

CONCLUSION

FAQ

Render Token (RNDR) Current Market Status

Current Price	$3.03
24 – Hour Price Change	31.10% Up
24 – Hour Trading Volume	$410,730,018
Market Cap	$1,128,817,015
Circulating Supply	371,908,453 RNDR
All – Time High	$8.76 (On Nov 21, 2021)
All – Time Low	$0.03676 (On Jun 16, 2020)

What is Render Token (RNDR)

TICKER	RNDR
BLOCKCHAIN	Ethereum
CATEGORY	ERC 20 Token
LAUNCHED ON	April 2020
UTILITIES	Governance, security, gas fees & rewards

Render Token (RNDR) is an Ethereum token that powers Render Network, a protocol that enables distributed graphics processing. Render token (RNDR) 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 Token 24H Technicals

(Source: TradingView)

Render Token (RNDR) Price Prediction 2023

Render Token (RNDR) ranks 52nd on CoinMarketCap in terms of its market capitalization. The overview of the Render Token price prediction for 2023 is explained below with a daily time frame.

RNDR/USDT Rounding Bottom Pattern (Source: TradingView)

In the above chart, Render Token (RNDR) laid out a rounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.

At the time of analysis, the price of Render Token (RNDR) was recorded at $3.03. If the pattern trend continues, then the price of RNDR might reach the resistance levels of $2.996, and $5.572. If the trend reverses, then the price of RNDR may fall to the support of $1.729, and $1.306.

Render Token (RNDR) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Render Token (RNDR) in 2023.

RNDR/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 Token (RNDR) for 2023.

Resistance Level 1	$2.933
Resistance Level 2	$4.444
Support Level 1	$1.881
Support Level 2	$1.311

RNDR Resistance & Support Levels

Render Token (RNDR) Price Prediction 2023 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Render Token (RNDR) are shown in the chart below.

RNDR/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Render Token (RNDR) market in 2023.

INDICATOR	PURPOSE	READING	INFERENCE
50-Day Moving Average (50MA)	Nature of the current trend by comparing the average price over 50 days	50 MA = $2.391Price = $2.938 (50MA < Price)	Bullish(Uptrend)
Relative Strength Index (RSI)	Magnitude of price change;Analyzing oversold & overbought conditions	74.989 <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 Token (RNDR) Price Prediction 2023 — ADX, RVI

In the below chart, we analyze the strength and volatility of Render Token (RNDR) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

RNDR/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Render Token (RNDR).

INDICATOR	PURPOSE	READING	INFERENCE
Average Directional Index (ADX)	Strength of the trend momentum	24.761	Weak Trend
Relative Volatility Index (RVI)	Volatility over a specific period	67.45 <50 = Low >50 = High	High Volatility

Comparison of RNDR with BTC, ETH

Let us now compare the price movements of Render Token (RNDR) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs RNDR Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of RNDR is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of RNDR also increases or decreases respectively.

Render Token (RNDR) Price Prediction 2024, 2025 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Render Token (RNDR) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Year	Bullish Price	Bearish Price
Render Token (RNDR) Price Prediction 2024	$6	$1
Render Token (RNDR) Price Prediction 2025	$7	$1.3
Render Token (RNDR) Price Prediction 2026	$8	$1.5
Render Token (RNDR) Price Prediction 2027	$9	$1.7
Render Token (RNDR) Price Prediction 2028	$10	$1.9
Render Token (RNDR) Price Prediction 2029	$13	$2.1
Render Token (RNDR) Price Prediction 2030	$15	$2.5

Conclusion

If Render Token (RNDR) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Render Token (RNDR) price prediction for 2023 is $4.444. Comparatively, if unfavorable sentiment is triggered, the bearish Render Token (RNDR) price prediction for 2023 is $1.311. 

If the market momentum and investors’ sentiment positively elevate, then Render Token (RNDR) might hit $5. Furthermore, with future upgrades and advancements in the Render Token ecosystem, RNDR might surpass its current all-time high (ATH) of $8.76 and mark its new ATH. 

FAQ

1. What is Render Token (RNDR) ?

Render Token (RNDR) runs on its native Render Token blockchain which was launched in 2018. It is based on the delegated proof-of-stake (DPoS) consensus mechanism.

2. Where can you buy a Render Token (RNDR) ?

Traders can trade Render Token (RNDR)  on the following cryptocurrency exchanges such as Binance, OKX, Bybit, DigiFinex, and WEEX.

3. Will Render Token (RNDR)  record a new ATH soon?

With the ongoing developments and upgrades within the Render Token platform, Render Token (RNDR)  has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Render Token (RNDR) ?

Render Token (RNDR)  hit its current all-time high (ATH) of $8.7608 On November 21, 2021.

5. What is the lowest price of Render Token (RNDR) ?

According to CoinMarketCap, RNDR hit its all-time low (ATL) of $0.03676 on June 16, 2020.

6. Will Render Token (RNDR)  hit $5?

If Render Token (RNDR)  becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.

7. What will be the Render Token (RNDR)  price by 2024?

Render Token (RNDR)  price might reach $6 by 2024.

8. What will be the Render Token (RNDR)  price by 2025?

Render Token (RNDR)  price might reach $7 by 2025.

9. What will be the Render Token (RNDR)  price by 2026?

Render Token (RNDR)  price might reach $8 by 2026.

10. What will be the Render Token (RNDR)  price by 2027?

Render Token (RNDR)  price might reach $9 by 2027.

Top Crypto Predictions

Fantom (FTM) Price Prediction 2023, 2024, 2025-2030

Bitcoin (BTC) Price Prediction 2023, 2024, 2025-2030

Toncoin (TON) Price Prediction 2023, 2024, 2025-2030

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.

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• Source: https://thenewscrypto.com/render-token-rndr-price-prediction/