Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Partially completed Wave 5 says there is still room to run

2025-05-10

Best crypto to buy now as UFC legend Conor McGregor calls for a Bitcoin strategic reserve in Ireland

2025-05-10

Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Nexera and Pinkchain unite to Tokenize € 1.1 billion real estate pipeline with Shariah-compliant products

    2025-05-10

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10

    ‘Nasdaq on Solana’ vision sees progress with opening bell launch

    2025-05-10

    Nexus launches an AI lab for safe and verifiable artificial inteligence

    2025-05-10

    Renta Network works together with thoughts to introduce AI-driven discovery into the Real-World Assets

    2025-05-10
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Partially completed Wave 5 says there is still room to run

    2025-05-10

    Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

    2025-05-10

    Ethereum – Price explodes beyond $ 2,200 with a 25% increase – Momentum builds up quickly

    2025-05-10

    Arthur Hayes says that the crypto-bullmarkt is ready to continue, Bitcoin Path sketches to seven-digit price

    2025-05-10

    Chainlink keeps strong at $ 15.29 support – is a new breakout on your hands?

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»‘Profitable’ render holders, here’s how to dictate RNDR’s price action!
Altcoins

‘Profitable’ render holders, here’s how to dictate RNDR’s price action!

2024-12-19No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • Render’s price has fallen 15% in three days, yet 70% of holders continued to make profits at the time of writing
  • Altcoin’s large transactions have shrunk, raising concerns about market momentum

Render recorded a sharp 15% price drop on the daily chart, reflecting broader market uncertainty. Interestingly, 70% of RNDR holders attended gain at press time. This suggested that a significant portion of holders are still in their long positions.

However, it raises questions about how long this profitability can last. Especially now that the altcoin is technically and fundamentally approaching a critical support level.

The profitability measure is a double-edged sword. On the one hand, it highlighted a resilient investor base. On the other hand, it can create selling pressure as profitable holders try to lock in their profits.

Both dynamics make the upcoming support level at $8.26 crucial for RNDR’s short-term prospects.

Source TradingView

RNDR whales and trading activities are shrinking

Although profitability is still high, Render’s whaling business is starting to show some signs of exhaustion. For example, according to data from IntoTheBlock, large transactions have dropped significantly by 79% in the last 24 hours.

Source: IntoTheBlock

Such a sharp decline in whale participation could indicate low confidence among the major players, something that often precedes long-term bearish trends.

At the time of writing, retail activity also appeared to be cooling. For example, the number of active addresses fell by about 2% over the same period. Although this decline is modest, it appears that enthusiasm among smaller investors has waned.

Source: intoTheBlock

Taken together, these numbers paint a picture of a market that is gradually losing momentum.

See also  Thorchain DEX surpasses volume milestone, how did RUNE react?

The price of RNDR is now approaching key support levels

As Render’s price continues to decline, all eyes seem to be on the key support level at $8.26. Historically, this level acted as a psychological barrier where buyers could intervene to prevent further losses.

However, if this level fails, it could open the floodgates for further declines. The 70% of Render holders who are still making a profit will play a crucial role here. If they decide to maintain the price correction phase, this could strengthen the critical support level.

Alternatively, a wave of profit-taking could push the price further down.

In addition to the above technical and on-chain metrics, the 162.34k pool of positions liquidated at $8,269 gave a green signal of a potential price reversal to a potential rally.

Source: Coinglass

Next: Sui Gains 500% in Four Months: Traders Watch for THIS Key Resistance

Source link

action dictate Heres holders Price profitable Render RNDRs
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Best crypto to buy now as UFC legend Conor McGregor calls for a Bitcoin strategic reserve in Ireland

2025-05-10

Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

2025-05-10

Artificial Superintelligence Alliance breaks its downward trend: Can Fet be passing by $ 1?

2025-05-10

Ethereum – Price explodes beyond $ 2,200 with a 25% increase – Momentum builds up quickly

2025-05-10
Add A Comment

Comments are closed.

Top Posts

Farcaster enables seamless Solana address verification on a decentralized protocol

2024-02-24

Bitcoin poised for at least a 60% rally now that 3 critical signals align

2024-10-18

Biconomy joins forces with SunPump to drive innovation in Blockchain trading

2024-10-26
Editors Picks

A new era of easy-to-use blockchain transactions

2024-01-26

XRP Price Momentum Spikes – $ 2.25 break could cause a larger rally

2025-04-23

Blazpay and Manta Network Announce Partnership

2024-03-16

Crypto is actually green-friendly? | Web3 Daily

2023-12-08
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Partially completed Wave 5 says there is still room to run

Best crypto to buy now as UFC legend Conor McGregor calls for a Bitcoin strategic reserve in Ireland

Trump Blackballs Lobby firm about controversy related to his ‘Crypto Strategic Reserve’ Truth Social Post: Report: Report

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,142.51-0.16%
  • ethereumEthereum(ETH)$2,481.425.96%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.422.42%
  • binancecoinBNB(BNB)$652.952.69%
  • solanaSolana(SOL)$171.69-0.19%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.23281213.85%
  • cardanoCardano(ADA)$0.813.40%
  • tronTRON(TRX)$0.260569-0.60%
  • suiSui(SUI)$3.981.85%
  • chainlinkChainlink(LINK)$16.684.11%
  • avalanche-2Avalanche(AVAX)$24.435.10%
  • stellarStellar(XLM)$0.3067833.53%
  • shiba-inuShiba Inu(SHIB)$0.0000165.74%
  • hedera-hashgraphHedera(HBAR)$0.2113345.49%
  • the-open-networkToncoin(TON)$3.372.66%
  • hyperliquidHyperliquid(HYPE)$25.04-0.23%
  • bitcoin-cashBitcoin Cash(BCH)$420.372.78%
  • polkadotPolkadot(DOT)$5.065.78%
  • unus-sed-leoUNUS SED LEO(LEO)$8.61-1.54%
  • litecoinLitecoin(LTC)$102.993.86%
  • moneroMonero(XMR)$323.644.15%
  • bitget-tokenBitget Token(BGB)$4.847.90%
  • pepePepe(PEPE)$0.0000137.16%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.741.86%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.888.58%
  • bittensorBittensor(TAO)$447.693.83%
  • nearNEAR Protocol(NEAR)$3.034.27%
  • aptosAptos(APT)$5.784.31%
  • aaveAave(AAVE)$223.976.65%
  • ondo-financeOndo(ONDO)$1.042.30%
  • okbOKB(OKB)$54.741.97%
  • ethereum-classicEthereum Classic(ETC)$19.823.79%
  • internet-computerInternet Computer(ICP)$5.481.09%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.25-2.55%
  • kaspaKaspa(KAS)$0.1063832.35%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2624464.02%
  • gatechain-tokenGateToken(GT)$22.171.38%
  • render-tokenRender(RENDER)$5.184.87%
  • crypto-com-chainCronos(CRO)$0.100120-1.34%
  • vechainVeChain(VET)$0.0308063.81%
  • mantleMantle(MNT)$0.770.72%
  • ethenaEthena(ENA)$0.3847794.38%
  • usd1World Liberty Financial USD(USD1)$1.00-0.07%
  • algorandAlgorand(ALGO)$0.2405153.07%
  • arbitrumArbitrum(ARB)$0.43408515.61%
  • filecoinFilecoin(FIL)$3.102.65%
  • bitcoinBitcoin(BTC)$103,142.51-0.16%
  • ethereumEthereum(ETH)$2,481.425.96%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.422.42%
  • binancecoinBNB(BNB)$652.952.69%
  • solanaSolana(SOL)$171.69-0.19%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.23281213.85%
  • cardanoCardano(ADA)$0.813.40%
  • tronTRON(TRX)$0.260569-0.60%
  • suiSui(SUI)$3.981.85%
  • chainlinkChainlink(LINK)$16.684.11%
  • avalanche-2Avalanche(AVAX)$24.435.10%
  • stellarStellar(XLM)$0.3067833.53%
  • shiba-inuShiba Inu(SHIB)$0.0000165.74%
  • hedera-hashgraphHedera(HBAR)$0.2113345.49%
  • the-open-networkToncoin(TON)$3.372.66%
  • hyperliquidHyperliquid(HYPE)$25.04-0.23%
  • bitcoin-cashBitcoin Cash(BCH)$420.372.78%
  • polkadotPolkadot(DOT)$5.065.78%
  • unus-sed-leoUNUS SED LEO(LEO)$8.61-1.54%
  • litecoinLitecoin(LTC)$102.993.86%
  • moneroMonero(XMR)$323.644.15%
  • bitget-tokenBitget Token(BGB)$4.847.90%
  • pepePepe(PEPE)$0.0000137.16%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.741.86%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$6.888.58%
  • bittensorBittensor(TAO)$447.693.83%
  • nearNEAR Protocol(NEAR)$3.034.27%
  • aptosAptos(APT)$5.784.31%
  • aaveAave(AAVE)$223.976.65%
  • ondo-financeOndo(ONDO)$1.042.30%
  • okbOKB(OKB)$54.741.97%
  • ethereum-classicEthereum Classic(ETC)$19.823.79%
  • internet-computerInternet Computer(ICP)$5.481.09%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.25-2.55%
  • kaspaKaspa(KAS)$0.1063832.35%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2624464.02%
  • gatechain-tokenGateToken(GT)$22.171.38%
  • render-tokenRender(RENDER)$5.184.87%
  • crypto-com-chainCronos(CRO)$0.100120-1.34%
  • vechainVeChain(VET)$0.0308063.81%
  • mantleMantle(MNT)$0.770.72%
  • ethenaEthena(ENA)$0.3847794.38%
  • usd1World Liberty Financial USD(USD1)$1.00-0.07%
  • algorandAlgorand(ALGO)$0.2405153.07%
  • arbitrumArbitrum(ARB)$0.43408515.61%
  • filecoinFilecoin(FIL)$3.102.65%