Render Network (RNDR) Token’s Price Soars: Here’s Why Experts Think it Can Hit New All-time High
The decentralized network Render Network’s native token RNDR has seen growing bullish convictions lately. Top crypto analysts have noted the token’s strengthening technical and fundamental outlook, with many setting their eyes on a new all-time high for the altcoin.
Altcoin Sherpa, an analyst known for his chart analysis and successful trade calls, sees entry near the current prices in the low $7 range as a “solid” opportunity. “Entry in the low $7s would be solid IMO,” he stated plainly on Twitter regarding his outlook on RNDR.
Meanwhile, analyst King Crypto pointed to several technical factors lining up for the token that suggest further upside is in store. “It’s clear that the @rendernetwork chart is gunning for a new ATH,” the analyst wrote, referencing a breakout from several key levels.
RNDR’s Journey Towards All-Time Highs
Others have noted that the token has already notched significant gains, despite some periods of consolidation and stabilization of its rapid ascent. “We are too spoiled and she’s not lagging just consolidation to blow the lid off,” commented expert RENDER_DADDY. They added context that the token has already risen over 60% since the start of February, despite frustration over its recent sideways trading.
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Show more +Additionally, SatsDoji highlighted increasing interest and gains in AI computing and services projects more broadly, of which he sees Render being a key player. He believed RNDR would soon follow suit with a similarly strong upside after “lagging” other cryptos focused on the space.
At press time, RNDR was trading around $7.87 – up nearly 4% over the past 24 hours according to CoinMarketCap. With the building momentum around the network’s activities, analysts speculate the token could soon test and exceed its all-time high of around $8.76 notched in late 2021 over the coming weeks.
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