RENDER Price Gains Momentum with Upbit Listing

Highlights

• Render Token (RENDER) surged 13% to $10.14.
• Upbit listed RENDER on KRW and USDT markets.
• PUFFER and SWELL tokens were also listed.

The Render price has surged 13% in the last 24 hours to trade at $10.14 as of 4:30 a.m. EST on 305% pump in trading volume to $1.9 billion. RENDER is riding a wave of momentum as South Korea’s leading crypto exchange, Upbit, announces its listing on December 5, 2024. The token is now available for trading in KRW and USDT markets, with transactions exclusively supported on the Solana network.

Upbit listing on $RENDER and we pumping!!!!

SO to the koreans!!!!

Leggggoooo pic.twitter.com/DzUHB1HPom

— Don Mimi (@Mimi_crypto_TA) December 5, 2024

Trading for RENDER began at 13:00 (KST), with initial restrictions in place. These include a 5-minute delay for buy orders and a 10% minimum sell price limitation aimed at ensuring stability during the early trading phase. For the first hour, only limit orders are allowed.

As of the last update, the BTC market’s previous day closing price for RENDER stood at 0.00008872 BTC. This listing further solidifies RENDER’s market presence and positions it for more visibility among global traders.

Meanwhile, PUFFER and SWELL tokens were also listed on the BTC and USDT markets of Upbit, further expanding its listing portfolio. With free withdrawal fees, support within 24 hours post deposit, and a solid start, these listings mark proof of Upbit’s interest in supporting emerging crypto assets.

Render Statistics

• Render price: $10.14
• Market capitalization: $5.1 billion
• Trading volume: $1.9 billion
• Circulating supply: 517 million
• Total supply: 532 million

RENDER Price Gears for a Breakout Above the Channel

The RENDER/USDT chart on Binance is strongly bullish in the 1-day timeframe, driven by several key factors. The price set a major support zone around $4.00, where it consolidated for quite some time before initiating the current upward momentum. This support zone formed the base of a parabolic curve, indicating accelerating bullish sentiment as the price climbed higher.

The price is currently trading within a well-defined bullish channel, marked by steady higher highs and higher lows. RNDR changes hands at $10.22, nearing the upper boundary of the said channel.

Besides, the 50-day moving average, presently at $6.59, and the 200-day moving average, currently at $6.42, are printing a potential golden cross. This technical sign is generally viewed as very bullish, implying that the uptrend may be sustained in the long run.

RENDER RSI Signals a Short-Term Pullback

The Relative Strength Index is at 76.98, showing overbought conditions. While this shows strength in the current bullish momentum, it also points to potential pullbacks or consolidations in the short term. If the price continues, then the next big resistance should fall between $11.00 and $12.00, which coincides with the upper target suggested on the chart. However, if the momentum starts to weaken, a retracement toward the lower boundary of the bullish channel, around $8.00, maybe in store.

All in all, Render is well into a strong rally, backed by a parabolic rise, a bullish channel, and a potential golden cross. While the RSI does show overbought conditions, the overall outlook is bullish. Traders will want to pay attention to a breakout above $11.00-$12.00 or for a potential pullback to $8.00 to enter positions.