Render (RENDER) has taken a big hit recently, dropping 29% from its peak. But there’s a glimmer of hope: it’s holding strong above a crucial support level. This could mean big things for Render in the coming weeks.
Why Render Could Be About to Surge
While the broader crypto market is struggling, Render is showing some resilience. Analysts are keeping a close eye on it, and one expert, Marco Polo, is predicting a big price jump.
Polo believes Render has bottomed out and could reach $11.88 by the end of the year. He expects this climb to be quick and aggressive, making it tough for new investors to jump on board early.
Key Levels to Watch
Right now, Render is trading at $5.27, comfortably above the 4-hour 200 moving average (MA) of $5.10. This is a good sign, as it suggests strong price momentum.
However, if Render falls below the 4-hour 200 MA, the next support level to watch is around $4.63. If it breaks through that, it could signal further downward movement.
What’s Next for Render?
The market is watching Render closely. If it can maintain its position above key support levels, it could be poised for a significant rally. But if it fails to hold, it could face further downward pressure.
