Render

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/render-rndr-price-hits-all-time-high-can-it-sustain-the-momentum/" data-wpel-link="internal">Render (RNDR) Price Hits All-Time High: Can It Sustain the Momentum?</a><br></p>
<p style="text-align: justify"><strong>Render (RNDR)</strong> price has reached the peak of a bull run, hitting an all-time high in the last 24 hours. However, this ATH in RNDR’s case could turn into a bearish reversal event. Can Render sustain the upward price momentum?</p> 
<h2 id="two-key-factors-in-rndr-s-performance">Two Key Factors in RNDR’s Performance</h2> 
<p style="text-align: justify">Render’s price maintained above the $10 level last week, but this changed as the <strong>cryptocurrency</strong> surged by 27% in the last 24 hours, reaching $13.83. This unexpected rise could result in increased gains for RNDR holders.</p> 
<p style="text-align: justify">Consequently, two main factors point in this direction, suggesting that profit-taking may increase in the future. Firstly, the average coin age (MCA) of <strong>Render</strong> tokens has significantly decreased. This could be one of the largest deviations recorded in altcoin history for an on-chain metric. The average cryptocurrency age represents the average age of all cryptocurrencies in circulation within a network. It is calculated by dividing the total coin days by the total supply. This measure helps gauge the level of activity within the network and hodling behavior.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-329748 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/rndr-2.webp" alt="" width="850" height="288"></p> 
<h2 id="rndr-price-prediction">RNDR Price Prediction</h2> 
<p style="text-align: justify">The decrease in MCA could indicate that investors are less inclined to hold onto their assets and move them elsewhere. Considering a deviation similar to RNDR’s, investors may be more likely to sell their <strong>tokens</strong>. Whales may already be doing this, considering their recent moves to minimize their token holdings. In the last nine days, approximately 2 million RNDR worth over $25 million were moved out of wallets.</p> 
<p style="text-align: justify">As of writing, <strong>Render</strong> price is trading at $12.92, slightly below its all-time high. However, market conditions indicate that RNDR could fall further. The <strong><a href="https://coin-turk.com/altcoin-sezonu-basliyor-mu" data-wpel-link="internal">Altcoin</a></strong> has a high chance of dropping to $11.50, which could extend a 11% correction and send the crypto asset down to $10. Yet, the $11.50 support intersects with the 50-day exponential moving average. This level could create a technical support base that allows RNDR to recover.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/render-rndr-price-hits-all-time-high-can-it-sustain-the-momentum/" data-wpel-link="internal">Render (RNDR) Price Hits All-Time High: Can It Sustain the Momentum?</a></h5>

Render (RNDR) Price Hits All-Time High: Can It Sustain the Momentum?

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