Render Token Price Prediction 2023-2030: Will RNDR Price Hit $3.5 Soon?

Render Token (RNDR) Current Market Status

According to CoinMarketCap, Render Token (RNDR) is hovering over $1.52 at the time of writing, with a total of 253,798,860 RNDR in circulation. RNDR has a 24-hour trading volume of $132,378,805, with a 50% decrease. And during the past 24 hours, the price of RNDR increased by 2.6%. 

The most popular exchanges to trade Render Token (RNDR) are Binance, BingX, ByBit, and MEXC. Let’s continue with our RNDR price research for 2023.

Render Token (RNDR) Price Analysis 2023

RNDR ranks 98th on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will RNDR’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s RNDR price forecast.

Render Token (RNDR) Price Analysis – Keltner Channel

When volatility bands are positioned on either side of an asset’s price, it is possible to determine the direction of a trend with the help of the Keltner Channel. Render Token (RNDR) can be predicted using the Keltner Channel indications for RNDR/USDT. The price is in the first half of the channel, meaning that people are buying RNDR rather than selling. But lately, there are a few red candles representing that the price is now establishing a new trend. Even after that, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.

Render Token (RNDR) Price Analysis – Relative Strength Index

During uptrends, the RSI tends to remain more stable than during downtrends. It makes sense, considering that the RSI tracks gains and losses. During an uptrend, there are more significant gains, maintaining a higher RSI. The value of the 1-Day chart is 57.27. The RSI tends to remain above 30 and should reach 70 during an uptrend. 

Render Token (RNDR) Price Analysis – Moving Average

Above is a 4-hour Render Token (RNDR) 200-day and 50-day Moving Averages (MAs) chart. Looking at the chart above, RNDR was trending bullish. The RNDR 50-day MA is above the 200-day MA (long-term), indicating that the market is entirely bullish.

However, the distance between the two moving averages, 200-day and 50-day, is getting wider. For an excellent risk-to-reward ratio, it is better to wait for a few reversal patterns for crypto investors

Render Token (RNDR) Price Prediction 2023

Looking at the daily chart of RNDR/USDT, the RNDR price is now trading way above the 200-day MA, meaning the market is in a bullish trend. The price breaks out from the zone of $0.535 since the start of 2023 and has been trading higher since then. And currently, the price is trading as high as $1.529.

Meanwhile, our long-term RNDR price prediction for 2023 is bullish if it cannot break the support level. We can expect RNDR to reach $2.5 this year. 

Render Token (RNDR) Price Prediction – Resistance and Support Levels 

The chart above shows that the price of RNDR has increased in the past few months. Moreover, RNDR has increased by 1.41% in the past 24 hours. But currently, the price is having a few retracements. Suppose this price decrease over the past few months is a retrace during the bull run. It might be breaking its $2 resistance 1 level and increasing it to $3.

If RNDR cannot break the $2 resistance 1 level, the bears may seize control and dethrone RNDR to a downtrend stance. In simple terms, the price of RNDR might fall to almost $0.8, indicating a negative signal from the previous support level.

Render Token (RNDR) Price Prediction 2024

There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect RNDR to trade at a price not below $3.36 by the end of 2024.

Render Token (RNDR) Price Prediction 2025

We should expect the price of RNDR to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, RNDR could end 2025 by trading at around $4.38.

Render Token (RNDR) Price Prediction 2026

Since the maximum supply of RNDR is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the price of RNDR could break the usual trend and trade at $5.3 by the end of 2026.

Render Token (RNDR) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of RNDR could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, RNDR could trade at $6.310 by the end of 2027.

Render Token (RNDR) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Render Token (RNDR) could hit $7.944 by the end of 2028. Also, RNDR is likely to break its ATH value.

Render Token (RNDR) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of RNDR to $12.1207 by the end of 2029.

Render Token (RNDR) Price Prediction 2030

The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Render Token (RNDR) to trade at around $18.37 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Render Token (RNDR) Price Prediction 2040

According to our long-term Render Token price estimate, Render Token prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $44.1089 by 2040. If the market becomes bullish, the price of Render Token may increase beyond our 2040 forecast.

Render Token (RNDR) Price Prediction 2050

According to our Render Token forecast, the average price of Render Token in 2050 might be above $97.0397. If more investors are drawn to Render Token between these years, the price of Render Token in 2050 could be far higher than our projection.

Conclusion

RNDR might reach $3 in 2023 and $18 by 2030 if investors decide that RNDR is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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