Global #Render

Render (RNDR) is showing strong bullish momentum, with its price rising to $7.731 after a 0.85% increase intraday. This recent rally has pushed the token above a crucial downtrend line resistance, signaling that bulls are gaining control of the market.

Render (RENDER) has experienced a significant surge in price, outperforming both Bitcoin and Ethereum in recent weeks. This bullish momentum is largely attributed to the accumulation of RENDER tokens by large holders, known as whales.

The recent market crash has been nothing short of catastrophic, erasing over $600 billion in value as bearish sentiment gripped investors. Despite the overall downturn, Bitcoin has managed to rise above $55,000, providing a glimmer of hope and sparking significant movements in some altcoins.

The cryptocurrency Render (RNDR) has experienced a downturn, dropping over 3.5% in the past day. This decline extends a negative trend for RNDR, which has witnessed a 4% loss throughout the week.

RNDR appears ready to surpass the upper boundary of an ascending triangle, extending its recent uptrend. With a 10% increase in price over the past 48 hours, should the ongoing broader market momentum persist, bullish forces could propel RNDR above this resistance threshold.

After Apple briefly mentioned Octane, a 3D design software powered by the Render Network, during its keynote presentation showcasing its latest iPad with the M4 chip, Render Token (RNDR) experienced an 11% surge.