Join Our Telegram channel to stay up to date on breaking news coverage
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.
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.
🔥 The $BEST token presale is officially live! 🔥
For the next two weeks, this exclusive opportunity is only available to Best Wallet users, so take advantage while you can!
Join the presale now and secure your tokens at a discounted price. 🚀
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
In just a little more than two weeks, BEST Token has amassed over $2.2 million in funds raised.
Investors can currently purchase BEST for $0.022925. Buy soon to lock in the best deal, as the price will increase in about 18 hours.
To join the presale, download Best Wallet at the official BEST Token website here. Tap on the Upcoming Tokens section to purchase BEST tokens.
Visit BEST here.
Related News:
Best Wallet – Manage Your Crypto
- Access DeFi and Web3 Dapps Across Multiple Chains
- Comes With Your Own OpenAI Powered Chat Bot Assistant
- Get Early Access to Upcoming Token Launches & ICOs
- Integrated Decentralized Exchange To Buy & Trade Crypto
- Store Crypto And NFTs With Industry Leading Security
Join Our Telegram channel to stay up to date on breaking news coverage
Credit: Source link
