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RNDR Price Forecast: Is a Breakout Above $3.30 the Start of a New Rally?

  • Render (RNDR) price is currently trading at $3.12, showing a 5.49% daily increase with short-term gains expected.
  • Analysts suggest a temporary relief bounce for RNDR amidst a broader bearish trend, cautioning that a confirmed reversal is yet to be seen.
  • Price forecasts for RNDR in 2025 range between $6.87 to $9.43, indicating bullish sentiment for the token's future.
  • Market structure analysis indicates RNDR remains within a descending price channel, and a breakout above the $3.30-$3.40 region with solid volume is crucial for a potential trend reversal.

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