Token

Render

Reversal

Coin

<ul class="news-points"> 
 <li>RNDR bears hold sway as support at $1.94 holds.</li> 
 <li>Increased trading volume indicates active participation despite price decline.</li> 
 <li>Bullish signs emerge as RNDR’s negative sentiment dissipates.</li> 
</ul> 
In the last 24 hours, bears have had the upper hand in the <a href="https://coinedition.com/tag/render-rndr-token/">Render Token (RNDR)</a> market, with the $1.94 support preventing further decline. Bullish attempts to resume control over the market were met with resistance at the intra-day of $2.07, causing a reversal in the price action. Consequently, bears resumed dominance, pushing the price to $2.03, a 0.82% decline as of press time. 
While the RNDR’s market capitalization dipped by 0.78% to $747,175,272, the 24-hour trading volume surged by 28.42% to $55,371,815. This move suggests that there has been increased trading activity in the RNDR market despite the price decline. The rise in trading volume indicates significant buying and selling pressure, with traders actively participating in the market. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="938" height="541" src="https://coinedition.com/wp-content/uploads/2023/07/RNDR-11.png" alt="" class="wp-image-305770" srcset="https://coinedition.com/wp-content/uploads/2023/07/RNDR-11.png 938w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-300x173.png 300w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-303x175.png 303w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-380x219.png 380w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-768x443.png 768w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-680x392.png 680w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-121x70.png 121w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-154x89.png 154w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-248x143.png 248w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-772x445.png 772w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-428x247.png 428w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-414x240.png 414w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-286x165.png 286w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-366x211.png 366w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-321x185.png 321w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-140x81.png 140w, https://coinedition.com/wp-content/uploads/2023/07/RNDR-11-129x75.png 129w" sizes="(max-width: 938px) 100vw, 938px">
 <figcaption class="wp-element-caption">
 RNDR/USD 24-hour price chart (source: CoinMarketCap)
 </figcaption>
 </figure>
</div> 
The Relative Strength Index (RSI) rating of 60.09 suggests that the bearish momentum in the RNDR market may be weakening. A reading above 50 indicates bullishness, while a rea…
The post <a rel="nofollow" href="https://coinedition.com/bears-retreat-as-rndr-market-shows-signs-of-bullish-reversal/">Bears Retreat as RNDR Market Shows Signs of Bullish Reversal</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Bears Retreat as RNDR Market Shows Signs of Bullish Reversal

Coin Edition

Other articles published on Jul 6, 2023

China's social credit system is getting a CBDC upgrade

TON – Q2 2023 Results

As Ethereum (ETH) Price Stagnates, Analysts Predict 180% Spike For InQubeta (QUBE) and Eos (EOS)

Multichain Tokens Lose Support On Binance

US Military Begins Testing Generative AI for Enhanced Planning and Information Access

Exploring the Unique Features of Aptos (APT): A Promising Blockchain Solution, Alex The Doge (ALE...

Join our free newsletter for daily crypto updates!