Render Price Prediction As RNDR Plunges 6% And Investors Flock To This New AI Meme Coin For Parabolic Gains

The Render worth plunged over 6% within the final 24 hours to commerce at $10.53 as of 12:25 a.m. EST as buyers offload their holdings within the altcoin.

The RNDR worth drop was sufficient to drag its weekly efficiency into the crimson zone as properly, but it surely’s nonetheless up greater than 16% over the previous month.

The Render Worth Testing Essential Assist

4-hour chart for RNDR/USD (Supply: GeckoTerminal)

The Render worth plummeted out of a bullish channel that had emerged on its charts over the previous 48 hours. This was after the altcoin was rejected by the $11.55 resistance all through the previous day of buying and selling. 

Following the rejection, RNDR broke beneath the $10.90 assist and is now testing the subsequent key mark at $10.33. If bears proceed to exert strain on the crypto, the Render worth may very well be vulnerable to falling to as little as $9.70 within the brief time period.

Nonetheless, RNDR sustaining a place above $10.33 for the subsequent 12 hours may invalidate the bearish thesis. On this various state of affairs, merchants may determine the Render worth’s present degree as a purchase entry.

With this potential purchase quantity, RNDR may try to reclaim the $10.90 assist. A 4-hour candle shut above this threshold may then give the altcoin the technical basis wanted to maintain climbing. RNDR may rise to $11.55 consequently.

Technicals Warn Of A Continued Render Worth Drop

Technical indicators on RNDR’s 4-hour chart counsel the crypto may fall some extra within the coming 24 hours. Each the Transferring Common Convergence Divergence (MACD) and the Relative Power Index (RSI) indicators are flagging bearish.

Over the previous 12 hours, the MACD line crossed beneath the MACD Sign line. Merchants often determine this technical incidence as a sign {that a} crypto has entered a adverse section. If the MACD line begins to interrupt away beneath the Sign line, the Render worth may lose the $10.33 assist degree quickly.

In the meantime, the RSI reveals that sellers have gained the higher hand towards consumers. That is after the RSI’s worth dropped considerably all through the previous day of buying and selling. 

Given its present worth beneath 50, it appears bears are stronger than bulls. Ought to they capitalize on this benefit, sellers may pull RNDR down additional within the brief time period.

Whereas the Render worth stays on the mercy of sellers, the identical can’t be stated for WienerAI, which goes ballistic in presale because it closes on $3 million raised.

An Superior AI Buying and selling Companion

WienerAI (WAI) is not like many different canine-themed meme cash as a result of it’s backed by highly effective AI know-how. It additionally affords actual world utility by appearing as a classy and dependable buying and selling companion for merchants.

Backed by cutting-edge AI fashions, WienerAI might help its customers make extra knowledgeable funding and buying and selling selections. Customers can even have the ability to work together with the predictive AI fashions by means of an easy-to-use person interface.

With the market anticipating a bull run, crypto YouTuber Jacob Bury believes WienerAI may very well be a 100X speculative alternative.

WienerAI token holders can also make the most of seamless swap capabilities supplied by means of Sausage Swaps, and can achieve entry to MEV safety, guaranteeing they by no means get entrance run by a MEV bot once more.

All of those options include zero charges as properly.

Buyers Speeding To Purchase WAI

Consumers might also be flocking to the meme coin’s ICO for its profitable staking alternative.

Anybody who purchases WAI at this early stage can be eligible for a 375% APY. With greater than 2.7 million tokens already locked up, it’s honest to say that many have already booked their slot.

🌭🤖2 MILLION WIENERS!!!!🌭🤖

🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖🌭🤖 pic.twitter.com/gOQKIlihTq

— WienerAI (@WienerDogAI) May 17, 2024

Anybody who desires to publicity to WAI can achieve this by means of the challenge’s official web site. Embedded on the house web page is a straightforward purchase widget, which can be utilized to buy WAI.

Presently promoting for $0.000709, WAI will be purchased utilizing both ETH, USDT, BNB or financial institution card. Buyers will need to hurry, as a result of the meme coin’s worth is about to extend imminently.

Buy and stake WAI tokens right here for a 375% APY.

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