Is Render Token (RNDR) Heading the Right Direction Thursday?

Thursday, May 05, 2022 09:27 AM | InvestorsObserver Analysts

Render Token receives a weak long-term technical score of 13 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, RNDR holds a superior long-term technical analysis score than 13% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Render Token a 13 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Render Token!

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Trading Analysis

RNDR is currently -$0.8200000 (-32.38%) below its 100-day moving average price of $2.540000000 with its current price of $1.720000000. Meanwhile, Render Token is $1.3700000 (-2658.16%) above its 52-week low price of $0.350000000 and -$7.04000000 (-94.51%) below its 52-week high of $8.760000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 13. Trends for the long-term trading history of Render Token suggest that traders are currently bearish on the token. Render Token has a total market value of $417,579,434.38 with an average average daily volume of $219,644,460.87 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, RNDR's volume is below its average with $36,882,319.15 exchanged in total.

Summary

RNDR's historical trading over the past year gives it a a weak long-term technical score of 13 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on Render Token (RNDR).