Skip to content



Render Token (RNDR) Price Prediction – When will RNDR hit $5?

Render Token (RNDR) Price Prediction

Despite a recent price increase between April 22 and 25, crypto billionaires appear to be avoiding RNDR, according to on-chain data. 

From 87 transactions worth $100,000 or more involving RNDR on April 17 to just 13 transactions at the end of April 24; a steady decline. This decline in large transactions is a bearish indicator indicating that whales may lose interest in the asset or shift their capital elsewhere. 

In addition, Render has struggled to maintain the interest of its core users over the past week, as the number of daily active users has decreased by 65% since its local peak of 1,074 on April 17. This persistent decline in Daily Active Addresses (DAA) may suggest that users are losing interest in the project, thereby decreasing demand and exerting downward pressure on the price of RNDR.

IntoTheBlock's Break-Even Price distribution data indicates that Render skeptics may force a decline to $1.58, with support at the break-even price zone of $1.65 from the 1,860 addresses holding 65 million RNDR. If this support fails, however, the price could fall to $1.58. At this level of support, the 1,300 break-even addresses holding 25 million RNDR could prevent an additional decline. 

Let’s see the Render Token (RNDR) Price Prediction from the RNDRUSDT technical analysis:

RNDR/USDT Awaits A Strong Downside Correction

RNDRUSDT Awaits A Strong Downside Correction

After two indecisive candles, RNDR/USDT formed a strong bullish monthly candle in April, which is a clear sign of a bullish trend continuation opportunity. A similar price action is present on the weekly chart, where a minor downside correction is pending.

In the daily chart, RNDR/USDT price is trading within a solid bullish trend where the most recent price is facing resistance from the ascending channel. Although the broader market outlook is bullish, a minor bearish correction is pending as a profit-taking.

The primary downside possibility comes from the high volume level formation which is at 0.1300 level. A mean reversion is pending as the gap between the current price and the high volume level has extended. A similar pattern is visible with the dynamic 20 EMA, where a mean reversion is also pending.

A potential divergence is seen with the price and RSI, where the RSI failed to make a new high following the price. 

In this daily outlook, downside pressure may come, but it is wise to look for long trades only. Any bullish rejection from the 1.681 to 1.089 area could offer a potential buying opportunity in this pair, where the ultimate target is to test the 3.00 level. Investors should monitor the intraday chart to find a long opportunity from this price zone.

However, a break below the 1.089 level with a bearish daily close could eliminate the current bullish possibility. In that case, the downside momentum might extend towards the 0.7000 psychological level.

RNDR/USDT Ichimoku Cloud Analysis

RNDRUSDT Ichimoku Cloud Analysis

In the H4 timeframe, the current price is stable above the dynamic Kumo Cloud level. It is a primary sign that bulls are vital in this market, and any bullish trade setup could work well.

In the future cloud, the Senkou Span A shows an upward pressure above Senkou Span B, which also aims higher. It is a sign that short-term and long-term bulls are active in the market and they can extend the momentum at any time.

The indicator window shows a sign of a stable trend, where the current ADX level is above the 20.00 line.

Based on the H4 Render token price prediction, a minor downside correction is possible, but any bullish rejection from the 2.3380 to the 2.1280 area could provide a high probable buying possibility. In that case, the primary target level would be towards the 2.9000 level.

On the other hand, a break below the 1.7330 level with a bearish H4 candle could form a bearish Change-of-Character, which can extend the downside pressure toward the 1.2450 level.

RNDR/USDT Intraday Price Action Analysis

RNDRUSDT Intraday Price Action Analysis

In the H1 chart, the new swing high formation at the 2.6010 level formed the 2.2010 level as a valid low with the order bock at 2.2670 to 2.2010 level. However, the price formed another potential swing low at the 2.3350 level without visiting the previous order block. Therefore, a break below the 2.3350 level with a bullish rejection from the 2.2010 to the 2.1280 area would be this pair's high probable buying opportunity.

The dynamic 20 EMA and weekly VWAP are below the price, with a strong gap. It is a sign that a sufficient downside correction is pending.

Based on the current price behavior, the broader outlook is bullish, where the downside correction may extend toward the 2.1280 area. However, breaking below the 2.1000 level with a bearish daily candle could eliminate the bullish structure and lower the price toward the 1.9000 area.


Based on the current Render Price Prediction, RNDR/USDT is trading within a strong bullish pressure, with a minor downside pressure pending. Investors should closely monitor how the price trades on the near-term support levels on the H4 chart before finding a strong buying opportunity.

Read Next

Top Rated Premium Forex Signals Services

Top Rated Premium Forex Signals Services

forex brokers review

Top Rated Online Best Forex Brokers 2024

Leave a Comment

FP Markets Join Now
FXTM - join now
Scroll To Top