- Render (RNDR) gains 5.64%, now trading at $4.36, with surging volume.
- Analysts highlight a bullish breakout possibility above the $5.50 resistance level.
- Price forecasts for 2025 range from $8.18 to a potential high of $13.60.
Render (RNDR) is currently trading at $4.57, RNDR has added 5.64% in value over the last 24 hours. Underpinning the positive momentum is a jump in volume, now $114.68 million, a 53.95% increase, as investors interest gathers momentum.
Source: CoinMarketcap Over the past week, the token has climbed 14.91%, signaling a strengthening trend. Analysts are closely watching this momentum as RNDR forms a solid recovery structure with higher lows and a potential breakout setup.
Market observers believe that if Render convincingly clears the $5.50 resistance level, it could open the gates to a rally toward $7.30 to $8.30, aligning with key Fibonacci retracement zones (0.50.618).
Crypto analyst CryptoPulse has pointed out Renders technical situation, emphasizing the bullish direction. He points out that RNDR is seeking a decisive test on the $5.50 level. A confirmed breakout and closing above this barrier are likely to inject more buying pressure, potentially propelling the token into the $7.30$8.30 region.
Source: X Also Read | Render (RNDR) Price Analysis: Will It Break Out Toward $8.70 in 2025?
In his view, this is backed by a clean technical setup, characterized by successive higher lows and positive market sentiment.
However, CryptoPulse also warns of a potential pullback scenario. Should RNDR face rejection at $5.50, a retracement could bring the price down toward the $4.00$3.70 region. Nevertheless, he affirms that as long as the token maintains support in that range, bullish control would remain intact.
Even in the near future, market forecasts are optimistic. Render may even recapture as well as surpass all-time high prices of $13.60 as per DigitalCoinPrice. The forecasts by them are for the token between $8.59 and $9.59 for the year 2025.
Even long-term investors as well as observers of cryptos are optimistic in predicting RNDR touching significant highs on the back of solid market fundamentals as well as increasing uses in decentralized rendering.
Changellys 2025 prediction places Renders low price outlook at $8.18 with a potential high of $9.25. They place their average trade prediction for July 2025 at $8.42 continuing the bull thesis with a potential return on investment ranging from 31.4% to 35.8%.
Also Read | RNDR Technical Analysis RNDR Price Forecast: Is a Breakout Above $3.30 the Start of a New Rally?
