Render

Bitcoin

Show

<a href="https://bitcoinworld.co.in/indicators-show-render-rndr-price-may-lose-its-10-support/" title="Indicators Show Render (RNDR) Price May Lose Its $10 Support" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">Render (RNDR) <a href="https://coinstats.app/coins/render-token/">price</a> is close to losing the support at $10 and could see a decline to $8.</li> 
 <li style="font-weight: 400">Investors’ participation has seen a massive decline of 55% in the span of five days.</li> 
 <li style="font-weight: 400">Of the investors still active on the chain, about 25% are in profit, signaling profit taking is still likely.</li> 
</ul> 
Is Render (RNDR) Price About to Lose $10 Support? – These Indicators Suggest So 
Render price has been declining for the past two weeks after marking an all-time high in March. But it seems like this sentiment among investors has dissipated. 
With declining activity, could RNDR be on the verge of losing crucial psychological support? 
<h3 id="span-style-font-weight-400-render-investors-back-down-span">Render Investors Back Down</h3> 
Render price is witnessing bearish cues building up not only because of the broader market cues but also because of its own investors.&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/what-bitcoin-price-dumped-to-66k-as-bears-gained-strength-64k-next/" aria-label="“What! Bitcoin (BTC) Price Dumped To $66K As Bears Gained Strength, $64K Next?” (Edit)">What! Bitcoin (BTC) Price Dumped To $66K As Bears Gained Strength, $64K Next?</a> 
Active Addresses, which represent the investors participating in the network and conducting transactions, have noted a massive decline. 
In the span of a week, these addresses have come from 3,530 to 1,580. This shows that with the decline in price, investors are convinced of further losses, motivating them to pull out and sit still until recovery begins. 
Not only this but upon breaking down the active addresses, it appears that there is still some inkling of profit-taking among RNDR holders.&nbsp; 
The distribution of active addresses by profitability shows that 77% of the investors are at the money, noting no profits or losses, and another 21% are witnessing profits. 
<figure id="attachment_69433" aria-describedby="caption-attachment-69433" style="width: 100%" class="wp-caption aligncenter">
 <img fetchpriority="high" decoding="async" class=" wp-image-69433" src="https://bitcoinworld.co.in/wp-content/uploads/RNDR-Price-Chart-483x300.png" alt="" width="655" height="407" srcset="https://bitcoinworld.co.in/wp-content/uploads/RNDR-Price-Chart-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/RNDR-Price-Chart.png 760w" sizes="(max-width: 655px) 100vw, 655px">
 <figcaption id="caption-attachment-69433" class="wp-caption-text">
 RNDR Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
Their presence suggests that they intend to book profits before prices fall further and they incur losses. Consequently, the Render price will face further bearishness should this selling intensify. 
<h3 id="span-style-font-weight-400-rndr-price-prediction-more-downside-on-the-way-span">RNDR Price Prediction: More Downside on the Way?</h3> 
Render price, if impacted by the above-mentioned bearish cues, could lose the $10 support level to slip to $8.7.&nbsp; 
If this support floor is lost, the altcoin will likely fall to $8.05 to mark a 20% correction. 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
#Binance #WRITE2EARN 
The post <a href="https://bitcoinworld.co.in/indicators-show-render-rndr-price-may-lose-its-10-support/">Indicators Show Render (RNDR) Price May Lose Its $10 Support</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Indicators Show Render (RNDR) Price May Lose Its $10 Support

Indice dei contenuti

ItsBitcoinWorld

Altri articoli pubblicati su 2 apr 2024

Are Bitcoin ETF Investors Trapped? Peter Schiff Explains

Crypto Bulls Take $365 Million Beating After Bitcoin Crash

Bitcoin Final Dance: Analyst Eyes Final Peak Ahead Of Halving

SimbaWifhat (SWH): A New Dawn in the Meme Token Universe

Bitcoin Battles with Volatility as Prices Swing

NOCTIS Memecoin Presale Launches on Solana: Join Now not to Miss It Like SHIB or DOGE

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!