Render Surges 10.59% in 24 Hours, Bullish Trend Emerges
2min read Render (RENDER) has surged by 10.59% in the last 24 hours, trading at $4.38 as of April 20, 2025. This significant rise has captured the attention of both seasoned investors and new traders, indicating a bullish resurgence in the cryptocurrency market. The token's market capitalization stands at $2.27 billion, positioning it among the top-performing digital assets of the year. Despite some intraday volatility, the technical sentiment remains mixed, with an even split between bullish and bearish indicators. However, the volume and price trajectory suggest a potential shift towards a stronger bullish trend in the coming days.
On the weekly chart, Render (RENDER) is exhibiting a bullish engulfing candlestick pattern, a classic signal of upward momentum following a consolidation phase. This pattern often precedes a significant upward movement, especially after a period of range-bound trading or minor correction. The bullish engulfing pattern suggests that the bulls are regaining control, and if the momentum continues, RENDER could aim to retest its all-time high of $14. While short-term resistance remains around the $5 mark, a sustained breakout above that level could open doors for further growth.
The 3-month sentiment indicator for Render (RENDER) is evenly split between bullish and bearish sentiments, reflecting the uncertainty in the broader crypto market. However, the consistent upward tick in Render’s daily price points to growing buyer confidence. Over the past 7 days, RENDER has seen a 10.61% increase, and over the past 30 days, it has surged by 35.14%. The token has recovered significantly from recent lows and is steadily climbing, with a 90-day high of $7 and a 90-day low of $3.
Looking ahead, Render is expected to maintain a gradual upward trend in the coming weeks. Short-term projections indicate that the token could reach $4.58 by April 21, 2025, $4.61 by April 30, 2025, $4.64 by May 10, 2025, and $4.68 by May 21, 2025. While the projected growth is steady rather than explosive, this slow climb may indicate market consolidation before a more aggressive breakout.
Render’s long-term prospects are tied to its adoption in decentralized GPU rendering, AI, metaverse, and VR ecosystems. According to analysts' forecasts, if usage scales and network utility continue to expand, RENDER could potentially cross the $50 mark by 2030, with even higher valuations possible by 2040 and 2050. However, these forecasts remain speculative and depend heavily on macroeconomic and crypto-market conditions.
Render (RENDER) is once again proving its mettle with a compelling comeback in April 2025. Traders and investors should keep a close watch on the technical indicators, as the current bullish setup might only be the beginning. For those looking to ride the next wave of crypto innovation, Render remains a token worth tracking closely.
