Chain News Daily Today TheBitTimes.com

The Render price surged 24% in the last 24 hours to trade at $9.87 as of 03:14 a.m. EST on trading volume that skyrocketed 248% to $1.7 billion. Render Price On A Sustained Rally The Render price has been on a sustained rally in November, having risen sharply within a rising channel over the past few weeks. The asset is in a clear uptrend, with higher highs and higher lows visible on the chart, after breaching the upper boundary of the rising channel within the $9.50 resistance, according to data from GeckoTerminal . RNDR price trades gracefully above both the 50-day and 200-day Simple Moving Averages (SMAs), signaling an extended bullish trend but also suggesting overextension. Meanwhile, the Relative Strength Index (RSI) is at 59, nearing overbought territory (70+). This reflects strong buying pressure, but it also hints at the possibility of a short-term correction or consolidation before the trend resumes. However, the stochastic RSI 14 3 3 is at 49, showing a potential cooli...

Considering its size and importance, the upcoming Nvidia (NASDAQ: NVDA) earnings report – scheduled for release after the closing bell on November 20 – is widely seen as a pivotal moment likely to have a wide-ranging effect on various even mildly related assets. The publication of strong figures would likely reinforce that the artificial intelligence (AI) boom is not far from its peak or end and could drive much of the tech sector higher. A miss or underperformance would probably shake investor confidence and almost certainly lead to at least a short-term downturn. AI cryptocurrencies are among the assets most likely to have an immediate strong reaction to earnings and are, therefore, highly attractive assets for investors seeking to profit rapidly from the figures once they are published. Picks for you Here’s why analysts are t...