- Altcoin RENDER sits at an interesting price zone.
- Analysts expect a potential pump of over 267%.
- Can the price of RENDER surge over this expectation this year?
The crypto community continues to look closely at the performance of promising altcoin assets over the previous bull market and the latest bear market to determine what they can expect over this new bull cycle market. At the moment, several altcoin assets are showing promising patterns for exceptional price pumps over the coming days ahead. In particular, altcoin RENDER sits at an interesting price zone.
Altcoin RENDER Sits at an Interesting Price Zone
According to CoinMarketCoin analytics, the price of RENDER is currently trading at the $1.44 price range, showing that the asset is down by 4.7% over the last 24 hours. Just a few hours ago, the price of NEAR was trading at the $1.56 price range. In terms of the last 7 days and the last 30 days, the price of RENDER went up by almost 1% and almost 14%, respectively. So what can we expect next for the price of RENDER.
No doubt, when RENDER was first launched, the asset gained a lot of attention due to its high profile milestones and ever greater goals set ahead of it. The company made several bullish partnerships and worked with AI and processing at its core. Thus, the price of RENDER, then known as RNDR, pumped bullishly since its launch only to experience a fall as the bear market began.
Now, expectations are high once again for the price of RENDER to pump as the new bull market phase seems to have entered its early stages. As we can see from the post above, this expert marks how the price of RENDER is currently sitting in a zone where the risk/reward starts getting interesting. The expert mentions how presently, the structure is pretty clean.
Analysts Expect a Potential Pump of Over 267%
From here, he sets the first major level for RENDER to be hit in the $5.42 price range and sets the main target at the $13.77 price range. He then concludes by saying that if the expansion really gets going, the chart points much higher, towards prices above $21. That would be roughly a pump of over 1,600% from the current discount area. The post ends with the analyst stating that RENDER doesn’t need to make new highs tomorrow, and that it just needs to leave this zone, and once it does, there’s a lot of space above.
Adding to this is another trader who believes a pump of over 267% is likely for RENDER. As we can see from the post above, he highlights a very interesting structure that looks a lot like SUI. He states that there is great potential for a strong upside move in the price of RENDER, one that can pump its price to above a 260% spike. Thus, he reveals that he is actively building both a spot position and a 3x leveraged futures position.
