Despite a recent lack of investor interest, Render's price has shown signs of bullish pressure and has gained 7% in the last week. Whales have been accumulating Render over the past month, holding around 72.26% of the total supply, indicating increased activity. The MVRV ratio has also improved, suggesting more investors are making profits. However, Render has been in a correction phase and has struggled to break out of consolidation. If it can surpass the strong supply zone at $6.37, it may indicate a bullish trend shift. Technical indicators suggest a positive continuation, but traders should closely monitor price movements.
- Content Editor ( thecoinrepublic.com )
- 2024-09-22
Whales Accumulating Render: Can RENDER Show Massive Gains in October?