Render (RNDR) price has surged to a historic peak, marking a new all-time high in the past 24 hours. While this rally reflects bullish momentum, technical and on-chain signals suggest a potential reversal. Could this ATH trigger a bearish downturn?
Render’s Rally Faces Profit-Taking Pressure
Over the past week, RNDR held steady above $10 before skyrocketing **27% to $13.83**. This surge has:
- Boosted investor profits, increasing sell pressure.
- Sparked whale activity, with nearly 2 million RNDR ($25M+) moved off-chain in nine days.
👉 Why whales are dumping RNDR now
Key Bearish Signals:
- Mean Coin Age (MCA) Plunge: The largest deviation in RNDR’s history indicates reduced hodling and rising circulation.
- Whale Supply Dominance: Addresses controlling 50% of RNDR supply are offloading holdings, amplifying downside risks.
RNDR Price Prediction: 11% Correction Ahead?
Current Price: $12.92 (slightly below ATH).
Downside Targets:
- $11.50: Immediate support, aligned with the 50-day EMA.
- $10: A breakdown could trigger an 11% drop, erasing recent gains.
Bullish Rebound Scenario:
- Holding $11.50 could reignite upward momentum.
- A breakout above $12 would invalidate the bearish outlook, pushing RNDR toward new highs.
FAQs
Q: Why is RNDR’s MCA drop significant?
A: It signals investors are actively trading instead of hodling—a classic pre-correction indicator.
Q: How do whales impact RNDR’s price?
A: Their 50% supply control means large sell-offs can drastically lower prices.
Q: What’s the best-case scenario for RNDR?
A: Holding $11.50** could stabilize the price, with a rebound above **$12 resuming the uptrend.
👉 Learn how to spot market reversals early
Final Thoughts
While RNDR’s ATH is impressive, on-chain data and whale behavior hint at a looming correction. Traders should watch $11.50** and **$12 as critical levels for the next major move.