The price of Render (RNDR) has seen a 12% jump in the last few days, however, recent indicators point to a possible downtrend in the near future. Close examination of on-chain data indicates that whale activity involving the asset has dwindled, suggesting that they may be losing interest in the temporal price appreciation. Furthermore, daily active addresses are indicating an overall trend of decreasing engagement, which is likely to have a drilling effect on the price. While, the current level of demand may offer some support at around $1.62, a further downturn could be caused by the 1,860 addresses holding 65 million tokens, that are likely to break even at that point. However, should these levels break, bullish pressure from the 1,300 break-even addresses with 25 million tokens could trigger an uptrend, and Render could aim for $2 as its next goal. Without support from whale activity and a general decrease in user interest, the upcoming days will be crucial for RNDR's future trajectory.



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