This Bullish Pattern Could Send RENDER Price to $18 – Here’s The Outlook

RENDER has captured the spotlight with its impressive price action, climbing 14.53% to reach $8.1158. With bullish momentum evident on the weekly chart, market watchers are closely monitoring key resistance levels and broader market conditions. 

Crypto analyst Rendoshi Tokamoto stated on X (formerly Twitter) that RENDER could be  “the best-looking chart in crypto,” sparking further interest in its price trajectory. Additionally, NVDA’s earnings report, set to release soon, could serve as a critical catalyst for Render’s performance.

RENDER Price Chart Analysis

The RENDER chart shows well-defined support and resistance levels. Support around $7 has been a strong foundation for the recent rally, while resistance at $10 and $14 presents potential hurdles. If RENDER’s price maintains its current momentum, the path beyond $14 could lead toward the $16–$18 range, as projected by analysts.

The chart also hints at a possible cup-and-handle pattern, a bullish technical formation. This pattern, if confirmed with a breakout above $14, could further accelerate price growth. Additionally, increasing trading volume supports the strength of the ongoing rally, signaling heightened investor interest.

Bullish Trend Confirmed by Weekly Candles

Weekly candles on the RENDER chart display consistent buying pressure, with consecutive green candles reinforcing a bullish outlook. The latest candle features a wick to the downside, suggesting buyers are absorbing selling pressure effectively. These movements align with a trend of higher highs and higher lows, indicating strong market confidence.

The upward trajectory is further validated by the breakout above prior consolidation zones. This move has solidified RENDER’s position as one of the most promising assets in the current crypto market cycle.

Read Also: Is Neiro Meme Coin Price Ready for Takeoff? This Pattern Suggests Major Rally

Market Sentiment and NVIDIA Earnings

Rendoshi Tokamoto’s tweet emphasizes the connection between RENDER and NVIDIA, given their shared focus on GPU-powered technologies. With NVIDIA’s earnings report on the horizon, positive results could strengthen market sentiment for RENDER. NVIDIA’s influence on AI and blockchain technology reinforces this correlation, making its earnings a key point of interest for Render investors.

The ongoing rally positions RENDER’s price for further gains provided it breaks key resistance levels. If the $14 mark is surpassed, the $16–$18 range could come into focus. As RENDER continues to outperform, it remains a top contender for bullish opportunities in the crypto market.

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The post This Bullish Pattern Could Send RENDER Price to $18 – Here’s The Outlook appeared first on CaptainAltcoin.