CandleFocus

Render’s market activity balances out after 30% weekly gain: what’s next for RENDER price?

Author: Content Editor
The altcoin token RENDER has experienced a 31% gain over the past week, breaking above a downward trendline and indicating bullishness. However, market equilibrium data suggests that 53% of HOLDERS are profitable, which could lead to consolidation before the next move. While indicators such as social volume and large transactions show short-term setbacks for the altcoin, optimistic sentiment and increased engagement are expected to support its rally further. The decrease in Bitcoin dominance also suggests the possibility of an altcoin season, where altcoins see significant profits. The stablecoin supply ratio's decline signals potential price surges in the altcoin space. RENDER's price currently hovers at $6.15, and further sideways movement and slight dips may be expected before stable rallies occur.

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