Render Price Surges 24% And This Crypto Might Explode Next

On Dec 5, 2024

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The Render price surged 24% in the last 24 hours to trade at $9.87 as of 03:14 a.m. EST on trading volume that skyrocketed 248% to $1.7 billion.

Render Price On A Sustained Rally

The Render price has been on a sustained rally since November, having risen sharply within a rising channel over the past few weeks. The asset is in a clear uptrend, with higher highs and higher lows visible on the chart after breaching the upper boundary of the rising channel within the $9.50 resistance, according to data from GeckoTerminal.

RNDR price trades gracefully above both the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart, signaling an extended bullish trend but also suggesting overextension.

Meanwhile, the Relative Strength Index (RSI) is at 59, nearing overbought territory (70+). This reflects strong buying pressure, but it also hints at the possibility of a short-term correction or consolidation before the trend resumes.

However, the stochastic RSI is at 49, showing a potential cooling off after previously reaching overbought levels. This suggests momentum may temporarily weaken before another upward push.

The strong uptrend is likely to continue as long as the price respects the rising channel and remains above the 50 SMA. If the uptrend continues, the price of Render could continue soaring, aiming at the next possible resistance at $15.

RBDRUSD Chart Analysis Source: GeckoTerminal

On the downside, if the Render price plunges at this level, it could drop to the next possible support zone at $8.59 within the 50 SMA and $7.50 in case of a deeper correction.

Meanwhile, investors who are looking for diversification opportunities might consider the newly launched Best Wallet (BEST) presale, which YouTuber Clinix Crypto, with over 77K subscribers, highlights as a crypto with real utility.

Best Wallet Presale Amasses Over $2.2 Million

Best Wallet is a Web3 crypto wallet that offers advanced features and an intuitive interface. It sets itself apart from traditional wallets like MetaMask with innovative features.

One of those is that it allows users to access exclusive tools like “Upcoming Tokens,” which provide early access to presales like BEST itself and many others.

One good example of Best Wallet’s success in flagging upcoming presales is Catslap (SLAP), which went parabolic after its recent launch.

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For the next two weeks, this exclusive opportunity is only available to Best Wallet users, so take advantage while you can!
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Download the app! 📲… pic.twitter.com/VItxcDHAoE
— Best Wallet (@BestWalletHQ) November 11, 2024

The Best Wallet Token, or BEST, is an ERC-20 token built on the Ethereum blockchain, featuring a total supply of 10 billion tokens. Its presale began on Nov. 11, with only 4.5% of the total supply of tokens available, aiming for a $10 million hard cap.

No more missing out on early-stage #crypto projects! 💸
With Best Wallet’s Upcoming Tokens feature, you can easily browse, learn, and buy presale tokens directly from the app!
Download now! 👉 https://t.co/he5kzra7TY pic.twitter.com/ZcNZ1b6Up1
— Best Wallet (@BestWalletHQ) October 26, 2024