Render (RNDR) attracted attention with an increase of more than 60 percent in the last five days.
Render, which attracted great attention with its project and rose to the top shelves in a short time, became one of the remarkable projects of recent days. RNDR has followed an interesting price chart in the last five turbulent days with BTC. Since last Wednesday, RNDR has risen more than 60 percent, diverging from the market.
The rise of RNDR has been exacerbated by increased interest in artificial intelligence projects. While the Sam Altman-based artificial intelligence was on the rise, RNDR was also included in this trend.
Render (RNDR) ready for top 20
Render (RNDR), which ranks 50th in the rankings according to market value, blinked for the top 20 with an increase of more than 60 percent in the last five days.
Popular cryptocurrency RNDR was trading at around $2.3 on November 15. RNDR increased from $2.3 to $3.6 in five days. Additionally, RNDR managed to attract attention with a 6 percent increase during the day.
According to CoinMarketCap data, the RNDR market value was at $826 million on November 15, and reached $1.33 billion on November 20. Making a big jump, RNDR rose in the rankings by market capitalization and became 50th. Additionally, according to data, RNDR experienced a 34 percent volume drop in the last 24 hours. This indicates that volatility may occur on the popular cryptocurrency at any time.
Looking at the RNDR chart, it seems that the price is in the decision making phase. In the scenario where market conditions continue positive and BTC maintains its structure, a new upward wave can be seen for RNDR. RNDR will target the $3,725 resistance as long as it remains above $3,308. If this resistance point is breached, RNDR price could test $4. 4 dollars stands out as an area where sellers are concentrated. Passing this zone and staying above it may push the RNDR price to the $ 4,250 resistance in a short time. An increase in RNDR to $4,250 represents an increase of more than 20 percent. This increase could move RNDR to 40th place in the rankings by market cap.
On the other hand, RNDR may disrupt its structure as selling pressure increases and market conditions turn negative. If the structure on the RNDR breaks, the price will target the $3,308 support. If this support point is lost, $2,931 could emerge for RNDR. 2,931 emerges as a strong support zone. However, losing this region may push the price to $2,613 in a short time. Another support point for RNDR to follow will be $2,216.
