Render Token Braces for Rebound: Analysts Project $25 RNDR Target Amid Fake Binance Delisting News
Render Token (RNDR) remains a focal point for investors, given market movements and rebranding announcements lately. While its price saw a decline, analysts suggest a potential rebound based on market support levels and strategic changes.
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Render (RNDR) Price Predictions
AMCryptoAlex, a top crypto analyst, shared insights on RNDR’s price movement. He noted that RNDR remains in an uptrend but warned of potential consequences if this trend breaks.
“If it breaks below this uptrend, a big dump could follow,” AMCryptoAlex cautioned. However, he also presented an optimistic scenario, suggesting a $10 target by August if the token bounces back.
Similarly, MrCryptosis observed that RNDR is maintaining its $6 support level, suggesting a bullish outlook.
He emphasized that AI coins are temporarily in a lull, but once they regain momentum, $RNDR could emerge as a top gainer. According to him, the Weekly RSI matches the levels seen when $RNDR bottomed out last year, predicting a rise to $25.
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Show more +Addressing Fake News and Rebranding
The token’s recent price drop is partly attributed to misinformation. Wise Advice clarified that Binance is not delisting RNDR. Instead, the token is rebranding to RENDER.
As part of this process, Binance will delist RNDR and list RENDER, ensuring holders receive new tokens at a 1:1 ratio. This clarification aims to stabilize the market and reassure investors.
Read also: Kaspa Price Prediction – Here’s Why KAS Is Booming
Render’s Price Action Data
According to CoinGecko, Render’s price stands at $5.82, reflecting an 8.95% decline over the past 24 hours and a 5.62% drop over the past week. The daily trading volume is $228,106,930, indicating market activity.
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