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The post <a href="https://coinpedia.org/price-analysis/render-token-price-surges-rndr-token-to-test-7-this-week/">Render Token Price Surges! RNDR Token To Test $7 This Week?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto industry continues to trade under a strong bullish influence, with major tokens recording a significant uptrend in their respective portfolios. Further, the <a href="https://markets.coinpedia.org/render-token/" target="_blank" rel="noreferrer noopener">RNDR token</a> has added approximately 9% within the past 24 hours, making it one of the top gainers for the day. 
The Render token traded between $3.539 and $3.947 for four days, following which the market gained momentum and the <a href="https://coinpedia.org/price-prediction/render-token-rndr-price-prediction">RNDR price</a> broke out of the range. However, the rally was short-lived as the price faced rejection at $4.254, after which the RNDR token experienced a minor bounce back. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/rNQyOnavjgkRai8ELK80AGLZVGdFQQdeed_T-k3ngxqTMUA_DUNv3JHb9lQSVVwhvWF-WuEFVvNt_Z2L5pF22DZeuQGMry37Us-IrRHurL5_r7-X4YqDlpevYCAlKNXiTXTmJRXmEVogw5LVFIOBvR4" alt="Render Token Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: RNDR/USDT
 </figcaption>
</figure> 
The RNDR price then tested its low of $3.947, after which the bulls regained momentum and recorded a jump of 22.628% in value before facing rejection at $4.840. Following this, the Render token price traded in a consolidated range between $4.254 and $4.840 for the next two weeks. 
After multiple failed attempts to break the resistance level, the bulls experienced a jump of 15.346%, after which the price traded in a narrow space between $4.840 and $5.156 for a while. 
As the market volatility grew, the Render price broke out of the resistance level and traded sideways for a while. Recently, the price successfully broke out of the resistance level at $6.114, indicating a strong bullish influence for the coin in the market.&nbsp; 
Also Read: <a href="https://coinpedia.org/price-analysis/the-graph-price-experiences-a-breakout-rally-eyes-0-30-soon/">The Graph Price Experiences A Breakout Rally, Eyes $0.30 Soon?</a> 
<h2 class="wp-block-heading" id="h-will-render-price-increase">Will Render Price Increase?</h2> 
The technical indicator, MACD, displays a rising pattern, indicating an increase in the buying pressure in the market. Further, the averages show a bullish curve, suggesting the price will continue gaining value in the coming time. 
If the market holds the price above the support level of $6.114, the bulls will test its resistance level of $6.502. Moreover, if the bulls continue to dominate the market, it will further rise and prepare to test its upper resistance level of $7 in the upcoming weeks. 
Conversely, if the bears gain control over the market, the price will start trading under a bearish influence and test its lower support level of $5.734. Further, if the bears continue to overpower the bulls, it will further plunge and prepare to test its crucial support level of $5.156.

Render Token Price Surges! RNDR Token To Test $7 This Week?

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