Render (RENDER) faced a significant setback in recent days after Coinbase announced its delisting of the token. This move, according to Coinbase, was triggered by the project’s migration and rebranding—where the new version of the RENDER token no longer aligned with the exchange’s listing standards. The announcement came at a critical juncture, with the broader cryptocurrency market struggling to gain bullish momentum and RNDR testing a key support level of $4.20. Despite the negative sentiment, RENDER has managed to maintain this crucial level, signaling resilience amid uncertainty.
Expert Predicts $80 Surge Despite Short-Term Volatility
In the midst of the bearish market sentiment, a prominent crypto expert has shared a surprisingly optimistic outlook for RENDER. Posting on X (formerly Twitter), the analyst highlighted that RENDER is forming a bullish flag pattern on the weekly timeframe, with a long-term technical target of $80. The expert acknowledged short-term volatility due to the delisting and declining market interest, but maintained confidence in the project’s long-term trajectory. This forecast, though bold, reflects enduring investor conviction in Render’s potential to deliver significant gains over time.
MOBILE, RNDR, RBN, & SYN are being delisted because new versions of these tokens have been released. As a result, the original versions of these tokens no longer meet our listing criteria.
— Coinbase Assets 🛡️ (@CoinbaseAssets) May 27, 2025
Trading for MOBILE, RNDR, RBN, & SYN will be suspended on https://t.co/Zkd27RUMRo (Simple…
Price Action, Key Levels, and What Lies Ahead
At the time of writing, RENDER was trading at approximately $4.41, showing a 1% decline over the previous 24 hours. According to CoinMarketCap, trading volume also fell by 18%, suggesting reduced market participation. Technically, the token remains in a downtrend, currently trading below the 200-day Exponential Moving Average (EMA), a bearish signal on the daily chart. However, RENDER continues to find support at the $4.20 level, which has historically triggered short-term upward movements. If the token sustains this level, a 15% rally toward $5.20 is possible. Conversely, a daily close below $4.10 could signal a deeper correction, potentially dragging the price down to $3.05.
While Render’s near-term outlook remains clouded by bearish pressure and delisting-related uncertainty, the $4.20 support level has proven pivotal. Whether the token can capitalize on this foundation and make a meaningful rebound will depend on broader market sentiment and continued investor belief in the project’s long-term promise.
#Coinbase Delisted $RENDER 📉
— Bitcoinsensus (@Bitcoinsensus) May 28, 2025
Is this something to be worried about?
Not at all. The bigger picture on $RENDER is intact, and remains bullish.
On the weekly time-frame, $RENDER has been forming a bullish flag structure with a technical target of 80$, potentially hitting the… pic.twitter.com/sHGcqvDh8I
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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