![Render [RNDR] falls 13% in 7 days: Will the AI token gain soon?](https://i.headtopics.com/images/2024/6/17/cryptoamb/render-rndr-falls-13-in-7-days-will-the-ai-token-g-render-rndr-falls-13-in-7-days-will-the-ai-token-g-4A285DA45A0F9793C3B354CEB78A7A2A.webp)
RNDR experienced a 13% decline in the last 7 days. However, despite this trend, there was heighted market optimism.
Market sentiment showed optimism even though the prices have been declining.The continued decline has extensively impacted the trading volume in the previous 24 hrs, with a 52% decline according toAMBCrypto’s analysis indicated that RNDR has experienced a 31% price decline since the 3rd of June. After trading at $10 at the start of the month, RNDR’s price has experienced a bearish trend overall.This implies that if it retests at the support level of around $7.2, it will reverse to an uptrend.
Thus, the market sentiment showed low investor confidence especially under short-term investments but higher for long term.Looking further, according to Santiment, RNDR has experienced moderate to low social volume. This shows a reduced public appetite for crypto.Source: SantimentAccording to Santiment data on Exchange inflow, RNDR has experienced low exchange inflows. Typically, low exchange inflows mean reduced selling pressure and investors are confident with long-term investments.
Despite the continued price decline, the market sentiment implies a possible reversal in the future to an uptrend.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
![Render [RNDR] price prediction: Why $7 is crucial for bulls](https://i.headtopics.com/images/2024/6/13/cryptoamb/render-rndr-price-prediction-why-7-is-crucial-for--render-rndr-price-prediction-why-7-is-crucial-for--693756998E416CB79C23065EC3B1EBE6.webp?w=640)
Render [RNDR] price prediction: Why $7 is crucial for bullsRender [RNDR] price predictions revealed $7 as a key support with overhead resistance aligned with the liquidity levels at $9.5 and $10.5.
Read more »
NEAR, RNDR, TAO prices jump: AI tokens on the move?The artificial intelligence (AI) token market has rallied following Bitcoin's [BTC] recent surge above $71,000. Over the past 24 hours...
Read more »
AI tokens surge as whales dive in: What’s next for RNDR, FET?Whales started accumulating AI tokens following Nvidia's announcement of substantial profits. What's next for the AI tokens?
Read more »
AI cryptos on the move: Should RNDR, GRT and INJ top your list?Three AI cryptos were examined to understand which had a more bullish short-term outlook, and one coin had a distinct advantage.
Read more »
The West Block Transcript – Episode 40, Season 13The chief of the defence staff has said our military is not ready. As he prepares to say goodbye, we’ll get his candid assessment on the state of the Canadian Armed Forces.
Read more »
Nationals' Herz strikes out 13 and allows one hit for first MLB win over MarlinsDJ Herz struck out 13 and allowed one hit over six innings for his first major league victory, combining on a four-hitter that led the Washington Nationals over the Miami Marlins 4-0 Saturday.
Read more »