Render
Why Render is down 4.0% today
Analysis
Render (RNDR) fell about 4.0% over the past 24 hours as traders reacted to signs of fragility around key support levels and liquidation risk. AMBCrypto noted RNDR holding above the $2 area but warned bulls could face another “shakeout,” which can pressure price as leveraged positions unwind.
Contributing Factors (2)
Render holds above $2 – Will bulls face one more shakeout?
The liquidation map showed that the cumulative short liquidation leverage nearby could drag prices lower.
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Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.