Render
Why Render is down 4.0% today
Analysis
Render (RNDR) fell about 4% over the past 24 hours as traders reacted to signs of liquidation pressure and a potential “shakeout” around the $2 support level, which can weigh on short-term sentiment and trigger risk-off positioning. AMBCrypto specifically highlighted liquidation dynamics and the possibility of another shakeout despite RNDR holding above $2, aligning with the day’s downside move.
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.