![Render’s [RNDR] 20% surge halts: Is the AI token’s bull run over?](https://i.headtopics.com/images/2024/5/12/cryptoamb/render-s-rndr-20-surge-halts-is-the-ai-token-s-bul-render-s-rndr-20-surge-halts-is-the-ai-token-s-bul-E1A1BA670FDC88CD7C62DD1F7350337E.webp)
After a massive weekly rally, Render [RNDR] had a setback as the entire crypto market somewhat turned bearish.
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.
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.
FET jumps 11%, RNDR soars 17% while NEAR lags: AI for the win?As the market showed signs of recovery from the bloodbath that happened a few days ago, AI tokens also joined the trend.
Read more »
Altcoins in focus after Bitcoin Halving: Injective (INJ), Render (RNDR) and NuggetRush (NUGX)New meme coin NuggetRush concludes successful $3.8 million presale, prepares for NUGX token airdrop. It offers Play-to-earn gaming...
Read more »
Render price prediction: RNDR jumps 40%, is $15 next for this AI crypto?The price of AI-based token Render [RNDR] has surged by over 40% in the last week, making it the cryptocurrency asset with the most gains...
Read more »
Rookie Sanogo has 22 points, 20 rebounds to shatter career highs, Bulls top WizardsRookie Adama Sanogo had 22 points and 20 rebounds to shatter his career highs and help the short-handed Chicago Bulls beat the Washington Wizards 129-127 on Friday night.
Read more »
The 2023 London International Creative Competition Has Announced Its Winners (20 Pics)The London International Creative Competition (LICC) is excited to unveil the exceptional winners of its 2023 competition, spotlighting extraordinary creative brilliance from across the globe.
Read more »
Donations to U. Pennsylvania Drop by More Than 20 Percent Following Antisemitism Controversy'a sign that tensions on campus may be tangibly impacting the University's financial support'
Read more »