Render (RDNR) Price Downtrend: Potential Loss of $10 Support Imminent
Render Price Downtrend Concerns
Render price is witnessing a bearish trend as investors anticipate a possible dip below the $10 psychological support level.
Bearish Investor Activity
Active Addresses have decreased significantly, indicating investor pessimism and profit-taking among RNDR holders.
77% of investors are at no profit or loss, while 21% are seeing profits, hinting at more potential selling pressure.
RDNR Price Forecast
If Render price falls below $10, a 20% correction to $8.05 could be in sight. However, maintaining the $10 support could pave the way for a recovery, subject to key EMA support.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.