Bitcoin and other crypto tokens were bleeding in the early trading session Tuesday as the US 10-year yield spiked to its highest level in more than 16 years. The much-hyped and awaited ether futures exchange-traded funds (ETFs) failed to capture the interest of investors, suggested some reports, with low volumes reported on their first day of trading.
RenderToken (RNDR) is a decentralized GPU rendering network that operates atop the Ethereum blockchain, with the goal of linking artists and studios seeking GPU computational resources to mining partners who are open to leasing their GPU capacities.
Image: Chart-Render
On the daily time-frame, the RNDR/USDT trend was on a decline since June of 2023. However, the trend has broken out of the descending triangle pattern and edged above its 20-day moving average. The daily RSI also indicates a very strong price momentum. The next resistance is expected at 1.86 USDT and an immediate support is expected at 1.7 USDT.(Views and recommendations given in this section are the analysts’ own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)

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