RNDR price action turns bullish $7 target in sight?
- Render (RNDR) shows signs of a bullish reversal after bouncing off a key demand zone.
- Technical indicators point to momentum shift, with swing targets set at $5.22, $6.21, and $7.00+.
- Forecasts suggest Render could reach up to $10.13 in 2025, with a potential ROI of nearly 49%.
Render (RNDR) is currently trading at $4.33, registering a 4.82% daily increase and showing a significant uptick in 24-hour trading volume at $108.09 million, a jump of 79.04%. Over the past week, Render has gained 11.94%, signaling growing investor interest. Analysts are closely watching the asset as it approaches a key resistance level.
Render positioned as high reward-to-risk swing trade
On the weekly chart, Render appears to have decisively bounced from a well-established demand zone between $3.00 and $3.50. This region acted as a firm base, supporting a 14% recovery this week alone. Accumulation in this zone may be complete, and the current price action could mark the beginning of a significant upward trend.
The momentum behind Renders latest movement is further backed by a strong support base between $2.50 and $3.00. This level has historically acted as a launchpad for price rallies, and the current bounce reinforces its importance. A resistance-support (R/S) flip at $4.39 is under close watch, a weekly candle close above this line would serve as a bullish confirmation.
Additionally, the stochastic RSI has recently formed a bullish cross, indicating that weekly momentum is just beginning to turn. With buying pressure mounting and technical indicators aligning, Render is being positioned as a high reward-to-risk (R/R) swing trade opportunity. Short-term targets have been outlined at $5.22, $6.21, and potentially beyond $7.00 if momentum sustains.
RNDR April 2025 outlook
Market forecasts suggest Render may continue to rise into 2025. Changelly, Technical analysis projects a minimum price of $8.63 and a maximum of $10.13 next year, with an average trading value around $8.97, implying a potential ROI of 48.8%. For April 2025 specifically, experts foresee Render trading between $6.69 and $9.47, averaging near the same price range, offering a 39.1% return.
However, Render could also witness brief short-term fluctuations. Recent projections for April 2025 suggest RNDR may dip slightly to around $4.13 before regaining upward momentum. While this marks only a modest short-term ROI of 4.48%, the broader outlook remains favorable.
In sum, Render is capturing attention both for its current resilience and long-term potential. With multiple technical indicators flashing bullish signals and optimistic forecasts into 2025, RNDR could be poised for a notable ascent.
Read more: https://www.tronweekly.com/rndr-price-action-turns-bullish-7-target-in-sight/
Text source: TronWeekly
