InvestorsObserver gives Render Token a strong long-term technical score of 67 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
RNDR at this time has a superior long-term technical analysis score than 67% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
Trading Analysis
Render Token’s price is -$0.6500000 (-16.55%) below its 100-day moving average price of $3.950000000 as its price at the moment sits at $3.290000000. Additionally, RNDR is $3.1900000 (-7632.63%) higher than its 52-week low price of $0.100000000 while -$5.47000000 (-76.54%) under its 52-week high of $8.760000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives RNDR a strong long-term technical score of 67. Long-term trading movement of Render Token suggest that investors are neutral on the token at the moment.
Render Token has a market capitalization of $656,772,499.28 and a relatively average average daily volume with $934,790,832.15 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, RNDR’s volume is below its seven day average with 140,898,041.76 exchanged.
This token’s subclass Art, Collectibles and Non-Fungible Tokens: Non-fungible tokens (NFTs) are units of data stored on a digital ledger that use blockchain technology to authenticate and verify ownership. They often take the form of photos, videos, audio, and other representations of real-world items. This category also includes other tokens that are used in the buying, selling or collecting of art or certain other digital goods.
Summary
Trading patterns over the last year for Render Token leads to the token’s a strong long-term technical score of 67 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token.
