The price of Rend (RNDR) has increased significantly, up 28% over the past month, making it the 3rd largest artificial intelligence cryptocurrency by market capitalization, behind FET and TAO.
Recent indicators point to continued strong positive sentiment, with increased social activity and favorable technical patterns. The rush in both social presence and price performance shows growing interest from investors in RNDR.
RNDR is Second Only to FET in Social Domination
Render (RNDR) has climbed to 2nd place in social dominance among the top 5 AI coins, with social presence almost doubling in the past seven days.
The rush in social activity reflects the growing interest and discussion about RNDR, which has likely contributed to its recent price performance.
During the same period, RNDR’s price increased by nearly 40%, making it the 2nd biggest winner among the top AI coins, second only to AIOZ Network, which saw a 73% increase.
RNDR has outperformed other prominent AI projects such as TAO, FET and WLD, standing out with strong momentum in the market.
RNDR BBTrend Is Nearing Level 5
Render BBTrend has remained positive since November 8, reaching a monthly high of 12.7 on November 10. BBTrend, or Bollinger Bands Trend, is an indicator that measures momentum related to Bollinger Bands .
A positive BBTrend shows that positive momentum is driving the asset price, while negative values indicate a negative trend.
After peaking at 12.7, RNDR BBTrend dropped to 1.17, showing that the upward momentum has decreased significantly. However, it has started to recover and now reaches 4.83, showing a positive but gentle increase in momentum.
This rally could indicate stronger buying interest, and if current positive sentiment holds, the trend could continue to build strength.
RNDR Price Prediction: Can RNDR Surpass $9 Soon?
RNDR’s EMAs are pointing to a strong positive sentiment, with price set above all exponential moving averages.
Furthermore, the short-term EMAs are stacked above the long-term ones, confirming that the current momentum is positive and the buyers are in control. This setup suggests that the uptrend could continue if market conditions are supportive.
If the current uptrend continues, RNDR’s price could soon test the next resistance at $7.94. Breaking that resistance could push the price higher, aiming for $9.46, which could represent a 34% gain. That would solidify Render as one of the top three artificial intelligence cryptocurrencies.
However, if the uptrend loses momentum and reverses, RNDR could fall back to the support level at $5.83. If that level fails to hold, the price could fall further to $5.03, signaling a stronger correction.
