had a setback as the entire crypto market somewhat turned bearish. But the last few hours were in investors’ interest as the token’s chart turned green., RNDR investors had a gala time last week as the AI token’s price surged by nearly 20%, only to face a correction on the 11th of May.
To check whether this was the sign of RNDR resuming its rally, AMBCrypto analyzed its metrics. It was surprising to find that, despite the massive weekly rally, RNDR’s Social Volume declined last week. AMBCrypto’s analysis of Santiment’s data revealed that RNDR’s supply on exchanges increased substantially last week.
On top of that, Render’s supply held by top addresses declined slightly, suggesting that the top players in the crypto market were selling.Though these aforementioned metrics looked bearish, things might turn out to be different. Popular crypto analyst Crypto Tony recently posted aTo check whether that possibility is likely to happen in the short-term, AMBCrypto then took a look at RNDR’s daily chart. As per our analysis, the MACD displayed a clear bullish upperhand in the market.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »