RENDER has seen a significant price increase, climbing over 32% in recent weeks. This bullish momentum comes as RNDR faces the crucial $8 resistance level, a point historically known for intense sell pressure. Traders are on HIGH alert, watching for a potential breakthrough that could propel the price further upwards.

The current state of RNDR’s market shows strong bullish sentiment, with 65% of its addresses in profit. Moreover, improving trading volumes indicate renewed interest and involvement from the market participants. This uptick suggests a healthy market environment, fostering confidence among investors.

Aside from RENDER’s individual performance, the larger cryptocurrency market is exhibiting bullish trends. Favorable macroeconomic conditions are contributing to positive sentiment across the board. If RENDER maintains sustained buying pressure, it could breach the $8 resistance, potentially aiming for $9 in the near term.