- In the last 24 hours, the RNDR crypto has lost its value by 6.4%.
- Render crypto price is trading at 12000% above its all-time low price.
Render is a blockchain-based platform that offers decentralized rendering solutions using GPU power. Its cryptocurrency, RNDR, is used to pay for rendering work and measure its value. Render was founded by OTOY’s CEO Jules Urbach and aims to democratize digital creation.
The market cap of Render has declined by 4.9% in the last 24 hours and the current market cap of the crypto is $1.743B. Despite this, the trading volume of the Render crypto has advanced by 5.5%.
The derivatives trading volume of the crypto has declined by 3.3%, resulting in a traded volume of $197.56M. The long/short ratio of the Render is 0.8968 and the long liquidation is reported to be $344.77K.
The traded volume for the Render crypto in the last 24 hours is $147.393M. That has resulted in the 61st ranking of the cryptocurrency market. Moreover, the market cap dominance of the crypto is 0.098%.
RNDR Token Overview
The fully diluted market cap of the Render token is $2.421B and the circulating supply market cap of the Render is $1.707B. Moreover, the max total supply of the crypto is 531.039M RNDR and over 57.2K users are holding this coin. The total number of transfers recorded is 668.2K as per Etherscan.io.
RNDR Crypto Technical Analysis
The Render crypto price is making higher high swings on the charts, resulting in consistent gains in the crypto price. The buyers have strongly dominated the crypto price and the RNDR crypto price has advanced by more than 200% from the recent swing lows.
RNDR/USD Chart by TradingView
The 50-day and the 200-day EMAs are following a golden cross on the RNDR crypto charts. Those EMAs are consistently advancing to higher levels, leading to new highs.
The RSI is also trading above the 50 level leading to overbought zones. Despite this, the RSI has broken below the 14-day SMA but the RSI is following a bullish cycle. If the value of the RSI continues to sustain above the 50-level, the bullish momentum might further continue for the upcoming days.
Conclusion
The RNDR crypto price has shown a strong bullish trend, breaking new all-time highs. It has a high market cap and demand, but low volume and open interest. The RNDR coin is a unique cryptocurrency for a decentralized rendering platform that offers many opportunities for creators. Its price can soar higher in the future.
Technical Levels
Support Levels: $1.3500 and $2.9400
Resistance levels:$5.500 and $8.00
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.